After many years of doing my own taxes with forms A, C & E using Turbotax we started using an accountant when we formed an LLC like 5 years ago for our properties. Now he's MIA, and we weren't all that thrilled wi...

Introduction and background on questions:

Currently we are a 2 man operation that is a 50/50 partnership. We will not have any additional partners in the future and we are not interested in selling part ownership of...

Help! I have my personal goals and my business goals, but how do I put them into a good business plan? And, how do I create a good action plan (if anyone has a good pre-made action plan for wholesaling or finding mo...

Hello All!I was recently advised that the best way to setup a new investor business is create two separate companies. Both a S-Corp and LLC. I was advised that an LLC should ONLY hold property (up to $1M) while the S-...

Hey there BP Nation,I have scoured the forums for an answer to this question, and I have left more confused than when I started.How does DTI ratio work when you own some homes under your name and some in an LLC?My sit...

Hello BP! Two questions: can you 1031 a house that you have flipped into your next flip?and also what business structure is best for someone who plans to do a few flips to build capital for B/H MFR properties?I know L...

Hi,

I would like to get your thoughts on this. I recently created an LLC to own my future real estate properties and I also just applied for an EIN. What is the best classification for an LLC which purpose is to own ...

I was recently offered a deal investing in a syndication of a commercial office building. I immediately asked myself, why am I only seeing on BP discussions about MF syndications.The outlook and returns seem to be ver...

I recently created a Single Member LLC, mainly because I don't have trusted partner(s), so I didn't have a choice.Is it true that SM LLCs do not have to report federal taxes and all profit/loss activities should be re...

I’m an investor from Canada researching options for flips. My understanding so far is that a C-Corp is preferable to an LLC for a Canadian as the CRA doesn’t recognize LLCs the same as the IRS and you’ll end up being ...