House is rented by 3 individuals. One left couple of months ago and replacement signed a new lease. Now they have reported to me that the refrigerator door is damaged. No one is taking responsibility as to what happen...

I am a GC and a home inspector, we own a construction company. We are just about to purchase our first flip, we are currently renovating our primary as a long term property. I have received different advise on forming...

Hey BP community, there's a chance I'll be putting in my very first offer on a fix and flip property next week. I can fund the entire project out of my savings. My question, is there any reason I should open a separat...

Hello gurus,I am trying to teach my self how does this all work. please let me know if my understanding is off.Yes, I know I should hire a professional, but I like to understand things my self.Facts: property bought i...

Here's a question that likely only the people that keep their own books or the accountant minded will appreciate. Do you lump together your repairs and maintenance  costs on your income statement or do you keep them s...

Hello,I own a house in Long Island NY that I paid off in full last year. I want to put the house in an LLC to keep it separate from me but I'm worried since the LLC is brand new I won't be able to pull money out ...? ...

If you flip a house with in a year and incur a tax rate, “ordinary income”then does all of your other income from your rentals “long term income”get taxed at the same rate as ordinary income? Or do you have to have al...

We are renovating a home to house hack, we live upstairs and there is a full apartment with private entrance in the basement. The exterior needs maintenance such as replacing (terribly) peeling paint, fixing cracks in...

Hello All,

I bought a property in March 2012 for the purpose of renting it out. I spent the rest of the year fixing it up and I put the house in "in service" (For Rent sign in the yard) on December 15.

I'm trying...

I am looking at purchasing a 3 unit multifamily deal. it is 3 separate 1100 sqf single family 2/1 houses on one plot of land. sold as a single entity. one of the buildings is damaged and condemned but fixable. ...