Erin M.
Am I a Mexical Fisherman?
An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented t...
Dartavious Glass
Starting a LLC without a property.
I would like to start a LLC and was wondering do I have to transfer the property into the LLC right away or can I do it at a later time?
Nick B.
IRS Audit & Partnership
Hello BP,I am considering partnering with an individual who is bringing me a deal (apartment complex).However, he told me that he is being audited by IRS. Is this a deal breaker for me?I am concerned that IRS can go a...
Brook Burns
Tenant Security Deposit Escrow Account
It is my understanding that in Pennsylvania an escrow account is required for tenant security deposits. Does anyone have experience with banks that offer these without fees? I had hoped to set this up with PNC since I...
Sean Dezoysa
Property Manager vs Realtor
As you guys know good PMs are rare and can go bad over time. I wanted to ask what added value that finding and maintaining one, might have over incrementally breaking down their functions to others:
1. Showings and l...
Joe Kim
Quickbooks or ALTERNATIVE? Zoho, Billy, Xero, Wave?
Hi! it's tax season. Every year I dread this time. I'm terrible at bookkeeping and still struggling. Every new year resolution is the same....need to do better bookkeeping.here is my dilemma, Everyone says, t...
James Uglesich
Waiting to start my LLC
Hello all,
My name is James Uglesich from the Portland Oregon area and I am just getting started in real estate investing. I am starting in wholesaling so that I can build my capital so that I can start purchasing m...
David V.
Deducting passive RE losses from nonbusines income (salary)
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
Account Closed
Property Manager refusing to close account-Tampa
Hi,
Looking for advice or attorney assistance related to my former Property Management firm CHRESTATE Real Estate Group, LLC based in Tampa.
It's a long story but since our agreement was terminated and ...
Christian De Jesus
New BP member introduction
Hello everyone, my name is Christian Delgado and I live in Arlington, VA. I am a young professional who very recently realized that I am now closer to 30 than I am to 21. This realization transformed my way of thinki...