I'm reading through "Real Estate by the Numbers" -- awesome book! As I'm modeling out my second STR, I look forward to taking advantage of 80% Bonus Depreciation for tax year 2023, and claim that against W2 income.So ...

I had 2 rental properties in Chicago. I sold 1 early this year and did not buy another property because I didn't want to. Hence I will probably pay a good chunk of change to uncle Sam when I file my 2024 taxes. I stil...

LLC vs S CORP ? I’m a new investor who lives in Los Angeles. I’m looking to start Fix n Flipping in the Ohio market. Should I go with LLC or S Corp when investing in out of state markets ?

I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...

Is something like this possible (simplified hypothetical example):
Seller wants 500kConventional loan for first 400kSeller carries a 2nd note of 25k at 19.5915% over 20 years = $100,009 in total payments
Would this ...

Hello All,I am starting out a retail business with my life's savings (around 300k). Since this business does not have any property or equipment, I cannot get a business loan (and hence using my savings). I wish to sho...

Through my former jobs, I have about $40K in retirement accounts just sitting there (my current job doesn't have a plan). I have about $10K in savings right now. I am considering cashing out on my old retirement accou...

Hello BP, I know that accountants are extremely valuable people to have in your circle, but I find outrageous titles grab people’s attention.

When do you like to meet with your accountant and how frequently to you s...

Good evening BP,Out of curiosity, how much should one save off of the cash flow that one could make off every unit? For example, say I bought a home and it cash flows $400 a month after all expenses. Am I free to spen...

Background:-My wife and I have two single family rentals in Fort Worth TX where we live. -After PITI and 10% for maintenance/capex the rentals combined cash flow $575/mo or $6900/year which is approx 2.6% return on eq...