Joanna Lenn
Tax man says "Become an S Corp" - thoughts?
Hey there! I own a triplex and I also work a full time job as a W2 employee. Due to the new tax law, my tax man says I should become an S Corp asap. This is based on my typical deductions every year - regardless of m...
Colton Cook
What is your dream contractor like?
So, to sum up a 5 year journey in a few sentences: My wife and I are putting the finishing touches on our design-build company, and are working on the systems used to manage investor projects. What I need: qualities, ...
Parth Patel
$2,000,000 Tax Burden at age 26! Please help!
Hi all,I’m currently in a situation where I’ve got a Tax Burden of approximately $2 million. I need to reduce this with real estate investments before the end of the year. What can I do?I’ve been trying to develop a g...
Luis Baumeier
My tax advisor says I am defining my business wrongly.
I called my tax advisor to ask how to use my business credit card. She is my wife's aunt and is not a CPA, but has being preparing taxes for the whole family for years and for other people, including some LLCs. I was...
Account Closed
The tenant says she lost her job and breaking the 2 year lease
Hi All,First time posting something and would appreciate any help. Essentially, back in September 2021, a tenant signed a 2-year lease to rent my property and now 11 months later she says she lost her job and is now u...
Edward Stephens
Goal Achieved: Duplex House Hack
Hey BP Family, I want to thank you all for the great advice I've received over the last few months; it's all starting to pay off. A week ago today I closed on a duplex in Olathe, KS using an FHA loan. Two days late...
James Rodgers
Success with previously evicted tenants? Anyone?
Has ANYONE out there actually had a successful experience with tenants who have had an eviction previously?I pre-screen my tenants by saying "Total household income has to be 3x rent, no pets, smokers or evictions."Th...
Manny Cirino
Call to Action - Lakeland Investors
Reposting on behalf of the PCREIAIt has come to our attention that the City of Lakeland is working on a proposed Resolution and Ordinance relating to the registration of residential rental property. Code enforcement w...
Ryan Cleary
Have a tenant that is $150 short (Florida)
I have a tenant that I am self-managing. Her rent is $1,350, she has been there for 1.5 years, always on time. We have a good relationship. She was 2 weeks late this month, she was transparent as to what was going on...
Account Closed
Stuck In a Terrible Lending Situation
Hey BP,
My wife and I just closed this past week on a house that we are using as a rental. Throughout the entire process working with our lender, we told him over and over that this would be a non owner occu...