I just entered into contract to sell my investment property that I purchased on June 2, 2015. The profit is in gross terms $240k, but with write offs, commissions and transfer taxes, I think I can reduce the capital ...

So I'm watching this guy's video and he is making a whole lot of sense[tm]. He's saying, instead of going to some horrible site and sending out a bajillion spam emails to people who have no need to sell their home, g...

Hi guys, I started creating LLCs around my real estate practices in late 2021 (two disregarded LLC and one LLC-C Corp) and now I have to file my 2021 taxes. I'm thinking to work with a very experienced EA (Enrolled Ag...

I live in Kansas. My single-member LLC is registered in KS. The LLC owns property in MO. The MO property had a net loss for 2024. I understand I file for the net loss. But do I do so in KS, MO or both states?

I'm looking at two interesting deals right now. One involves a multi family of around 20 units. The second involves a 32 units apartment complex. On the first one, the current owner has been self managing the units an...

I'm considering taking a gap year prior to college and becoming an agent to learn as much as possible about RE. Does anyone know much about working on a team? I understand they are each structured really different but...

Has anyone experienced losses or failures (i.e. significantly less than expected return) through participating (GP or LP) in professional MF syndications? If so, can you share? What went wrong? And what was the outcom...

I was wondering if anyone can advise me whether or not I will need an architect. I have a project in Glendale, CA in which I am hoping to add square footage and a full bathroom. Given that it's in Glendale, I've only ...

Good Afternoon....I'm still getting use to the platform. I'm asking for recommendations for a tax professional in/Near South Atlanta experienced with investors. We have 6 doors with one purchase in 2023. I'd appreciat...

Hey BP!
I've been facing issues with my current accounting company, so I met with another tax professional who suggested incorporating as a C-corp instead of an S-Corp. I'd love to hear insights from BP CPAs and Real...