Over the years on here I've seen some questions regarding people wanting to become Property Managers and how they would handle entering the data into a financial software program. What they don't realize is that there...

Does anyone currently use this medium for their Ira? I've been getting some conflicting information about the "checkbook" approach.

Thanks

Welcome to the 2nd annual Hunger Games!! (Meaning that we all are hungry for success... There will be no killing here)Due to the success of the first game and multiple requests for a round 2, well... Here we go!!Again...

Hello BP - 
Turned down the purchase of a home today with the following details: 
$220k purchase price $270k ARV  (built in 2008, just needed to be cleaned)
Needs ~$20k in light work (paint, faucets, yard cleaned) ...

Hello I presently have a duplex under contract and am hoping it will close sometime in December.  I'm planning to 1031 the sale into another property.My ideal situation is to 1031 this duplex into a new construction  ...

I was recently advised by an attorney to open up a traditional LLC to not complicate overhead, accounting, bookkeeping when starting out. While a LLC could be sufficient, I did not want to have to transfer properties ...

I wanted to get some clarity on the legality of wholesaling in Illinois. Does obtaining a real estate agent license enough to legally wholesale, or do I need to obtain a brokers license? I plan on getting licensed and...

Hello BP, I have a coworker who wants to give me one of his houses for free. I have only taken a look at the house on google maps and from those images it looks like the house is going to take a lot of work. So I am n...

Hey all! Long time reader, hope to start contributing to the community soon. Hoping to get some feedback on my situation, not sure what to do...All these numbers are conservative, I appreciate and understand the 50% e...

The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...