Hey Guys!So i was using an excel spreadsheet to analyze a property that I may purchase this Fall. However, I noticed there was a cell labeled "depreciation" which always comes out as a loss. I tried to research what t...

Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...

Short-term rentals have become an increasingly popular investment strategy for real estate investors to increase wealth and passive income. STRs have very substantial tax advantages compared to other strategies as lon...

I have a tenant whose lease is ending in about 2 months, and a month ago I gave him 30 days to let me know if he plans on renewing (giving me 60 days to advertise). Today, the last day before I required the response, ...

Good morning BP,I'm looking at purchasing a quadplex that was built after 1991 and my realtor brought up fair housing accessibility requirements to not discriminate against those with disabilities.   Walk into the fro...

I'm probably going to be putting off my big section 179 purchase until next year. But, say Biden gets elected this year, could he immediately cap section 179, so it becomes effective for the 2021 tax year?

i'm finding it hard to keep abreast of the most recent interpretation of the ongoing CO and smoke alarm rules as applicable to all units in CA, whether owner occupied, multifamily, mixed used, commercial, etc.my area ...

Hey Community - I have some questions and would love some guidance on what I can/cannot do as a landlord during the moratorium (in Salt Lake City). Feb 1st my tenant paid 2/3rd of the monthly rent and then sent us a t...

My wife and I are purchasing our first rental property and we have a few questions. #1. What do we charge for a rental application fee?#2. How do we check the tenants credit report?#3. How do we check the criminal his...

So tenant is evicted with 2 months unpaid rent. Do i have to notify them, their security deposit wont be returned or how should i go ahead with this so they dont sue me later. The property is in Maryland.