A tenant has suggested we use the services ZELLE or Venmo to collect rents.  Currently we use snail mail to our P.O. box to collect rent checks.  Is anyone familiar with these services, and can you tell me how they wo...

Hello everyone, 
I am in the process of finding my first investment property and I want to be prepared in case the multi-family unit I go under contract with is already rented out. I am looking to open a business acc...

Hey everyone, i had a question about depreciation, i will give you my situation as an example. i currently own 1 single family that i have been renting out since 2021 and i just bought a duplex in march of 2024 in whi...

Hello BP Community!I purchased a property for $220k 6 years ago in Fall River, MA. Two houses on one lot/deed/title - a 3-family and a single family. It was mortgaged as commercial since I was not a MA resident at the...

Sold a property (proceeds with Qual. Interm.) & have a new property to buy. Formed a new 2 member LLC to acquire & hold new property, but accountant says it needs to be Tenants in Common. Can you do a 1031 exc...

This intended only to open discussions on the changes that affect investors. This is to help you know what questions to ask your CPA so you can do a better job of tax planning. I am not a tax guy or a tax attorney so ...

Hello,I'm looking for a little advice on which debt I should reduce. I have $30,000 I've decided I want to put down on the principal of one of two rental properties I currently have mortgaged. I'm curious to hear whic...

Until now I’ve only been a passive RE investor. In the last month I purchased three properties that I intend to rehab and brrrr out of. I’d like to keep track of my numbers and paperwork for each property. What are sy...

Hello my fellow investors,I'd like to ask your opinion regarding bank accounts. At which stage do you guys think I should open a business bank account? My plan is to flip houses and wholesale deals. I am in the earlie...

Hi BP people
. Closing on my 2nd rental now since becoming a member. I decided how's the time to convert to an llc. My question is gjis though ( I was told to keep all the property transactions in the llc. How do u g...