Can I deduct my home office on my taxes  if I have a W2 and do not yet have an LLC or a business license for my LTR investments?

Hello everyone
I've been visiting my insurance policies and was wonder if anyone has a system for walls in insurance? Is it based on square foot to rebuild and I should insure them based on zillow value. Both condos ...

So I have a tax situation that is unfortunately going to require me to have to terminate the services of a CPA and start over for tax year 2020. I am a MI resident, currently work overseas in Bahrain and take full adv...

So, following the near unanimous advice of everything I could find, because I have well over 10k in state and local taxes (and will likely opt for the standard deduction under the new tax bill), I went down to the Cit...

Hi all,I’m looking at purchasing a 2-family house—living in the primary unit and renting out the other unit. The percentage split is roughly 67/33% with the owner’s unit being the larger of the two. The rent will only...

I have taken a cash-out loan on my personal residence to fund an LLC in which I am buying real estate.
From an accounting standpoint, what's the best way to structure this? Can I consider this cash infusion into the ...

Hello BP community, thanks everyone in advance for your help, recently sold my personal property and was able to gain a profit of about 53k which I am planning to use as a down payment for my first rental property. I ...

I have tenant leasing my garage for $850 from May 1st to November 1st on a 6 month lease. He is planning on leaving tomorrow (August 3rd). He’s paid me for august rent already but leaving early. Do I refund him his se...

Where can I get an itemized letter of damaged property as it pertains to the security deposit? I've combed the internet for NC. What am I missing? 

Hi all, Happy New Year! I have a couple of specific questions that I'm looking for your help in answering to determine the best strategy in listing my first rental. Much appreciated in advance!Questions - 1. Would I b...