Here's a 529 plan question for the tax gurus...

I setup a 529 college savings plan for my youngest years ago. She now is in college and earned a full scholarship, so she doesn't need the 529 plan funds for her underg...

Hey guys! I'm new to the community   and was wondering on what the best way was to finance my first home purchase was. I've talked to a friend who is taking out a heloc and paying for the down payment that way, taking...

Going through underwriting on a couple duplex deals I’m looking at. I’m wondering what are the most common operating expense line items that should be included in every deal? Feel like I’m forgetting some.

when buying a multi family property whether a 25 unit or a 60 unit. what percentage of the purchase price is typical to  pay in closing cost?what are typical closing cost other than what I listed below?Title, inspecti...

Hi everyone, I have heard a lot about DSCR loans, which sound promising for several reasons (feel free to give your opinion if you think otherwise). However, I'm wondering how to manage the disconnect between the comm...

hey i need advice from a cpa. I plan to start marketing for my wholesaling business and will also need printer pc etc. How do i go about doing that I have one rental now which i conduct all my rental related costs un...

Hi BP,I'm under contract and about to close on a Duplex but, because the seller has been slow to provide the required documents, the closing has stalled and the contractors I had lined up to begin the rehab have had t...

Hi everyone.  I'm hoping to get some guidance from tax professionals in the BP community since I'm a bit stuck.  I'm working on my 1065 for a two-member LLC.  We established the entity and purchased our first property...

Hello! I bought a house in Tinley Park in 2021. Current mortgage is 1748. Interest rate is 3%. I have renovated most of it  (new hardwood floors, removed walls, paint, new banisters, furnace, roof, HVAC, cabinets, app...

We have the opportunity to buy 12 single family units that are already rented through a portfolio with seller financing.  We are still in the early stages of setting terms and we are out of state so haven't seen the p...