Hi there! I'm new here. My husband is the real guru, and I'm managing the properties we're acquiring. We're currently screening tenants for a duplex. One potential renter wants to pay with her 401k, requesting disburs...

I invested some money into stocks and some crypto over the past few years. I noticed that robinhood reports much higher numbers than actual purchases to the IRS. I've never actually sold anything at much of a profit e...

@Abhishesh Acharya and I have presented some, mostly non-googleable, high-level overview of some tax strategies. I understand this might be very technical for some of us. If these apply to you, please research more, ...

My wife and I are selling one property to purchase another. We were doing a bridge loan to secure the property prior to selling our current property. Now we are being told that the funds from the bridge loan will not ...

If someone was married, 1. Are they allowed to make an LLC with two people or does it automatically have to be an LLP??2. Would it be taxed as a Partnership or just go on Schedule C as an LLC business income? Any pros...

Hey Everyone,I’ve been on BP for about a year now but have decided to finally introduce myself. For the past year and a half, I have dived into real estate investing and am constantly learning new things. I started ou...

Estate Planning / Tax Question located in CTMy parents plan on retiring over the next 5-7 years and have 3 rental properties with mortgages on them. They will have the ability to pay the properties off if needed. My q...

I currently own a rental property in my name and was paid in advance for rent. I asked my accountant if we could account for it on an accrual basis and he told me that I wouldn't be able to. Can anyone provide some in...

When I apply for an EIN for my mulit-member LLC the IRS classifies it as a partnership by default. It says their are addition forms you can fill out if you don't want it to be classified that way. My wife and I are...

Hi,

I have been reading the posts and have set aside money for an emergency funds for our rental properties. The funds are currently sitting in a bank savings account earning close to 0.01% interest. I am w...