I  Am looking to invest in property that will not be my primary home. I know an LLC is the safe way to go. My question is, should an Attorney be sought to create the LLC?.  I saw an Attorney and if I move forward the ...

After many years of doing my own taxes with forms A, C & E using Turbotax we started using an accountant when we formed an LLC like 5 years ago for our properties. Now he's MIA, and we weren't all that thrilled wi...

Hi BP - my partner and I have a LLC set up. Our attorney and CPA said that we will have to file for taxes as a partnership but I have been reading up that taxes are pass through? We are a 50-50 partnership with the op...

Please bear with me as I am new to the investment and tax implications of flipping homes for profit in less than a years time. My father and I work together in a flooring contracting company. My father has the compa...

Moved July 31 2023
Renters lease expires 2/2025

Must have lived 2 of last 5 to avoid cap gains if sold.

I’d rather not sign a new lease and go month to month but they’ll push for it.

Worst case scenario we ...

We are looking for a CPA and have 4 rentals - 2 active and 2 in the pipe and try to keep one flip running all the time (4 completed so far).  We have a property management company and my wife is using Quickbooks onlin...

So I and 2 friends created a TX LLC for the purpose of meeting a $100k minimum to join as Limited Partners of an LLC that bought a multi-million dollar, 200 unit apartment complex in Atlanta Georgia.  We did this in F...

  Hi All,  Just like many of you, I am new to BP. I have two rental properties in California on my name and one thing on my mind is liability. What does the process look like if I want to convert the rental units to b...

A couple of questions that may lead to others, so here goes.  I have a single member LLC that owns rental property, and all of the rental income and rental expenses flow through that LLC.  At tax time, that profit/los...

I'm currently learning about the Weighted Cost of Capital (WACC). From what I understand, it is a formula used to determine the true cost (in percentage terms) of financing an investment when using both debt and equit...