Snehal Patel
Tenant will not leave after lease expired and ownership change
Hello,I have situation where I now own a rental property in cook county outside of Chicago limits where an existing tenant resides who had a 1 year lease with the previous owner. The tenant had not been paying rent fo...
Curtis M.
Looking for someone to help set up llc in colorado
Does anyone know someone who can help me put my Denver property in an llc? I have an existing mortgage and was looking to get a heloc on the property so I'd like to know how this would affect the process.Thanks,Curtis
Richard Michael
TAXES - Turbo Tax or Professional?
I am looking for a good tax accountant here in Phoenix, Arizona.Last year after talking to an older couple who are RE investors with over 10 properties, they gave me the confidence to use Turbo Tax. I have a pretty go...
Dave Bopp
Is Additional Insured on Renter's Insurance Necessary?
A current tenant acquired a renter's insurance policy that listed him and his girlfriend on the policy as the insured individuals. He asked the insurance company to have the landlord added as an additional insured and...
John Gaona
Process after pay or quit notice
Hello everyone, I have a situation not sure how to handle because I'm new to landlording business. I purchased a quad to house-hack a tenant moved out the week I closed on the property and I had a hard time contacting...
Seyi A.
Fix-and-Flipping with out-of-state entity
Hi BP Fam,If I set up an LLC in, say, Illinois, and then purchase a property in Ohio, renovate and sell it, does that count as "doing business in Ohio" such that I would have to register that Illinois LLC in Ohio as a...
Vanessa C.
Texas mobile home title problem
I found a mobile home on 1.25 acres that I was going to buy, made a verbal offer and she accepted. Problem is I looked up the mobile home and it says it’s in someone else’s name and I located in a different city. She ...
Vlad K.
Purchasing a property with no occupancy permits (Pittsburgh)
I'm looking at a small multi-family in the Pittsburgh area. It's zoned correctly on the county website but the seller does not have occupancy permits for the units. If the seller is unwilling to do the work to get the...
Chris Martin
$0 tax due with $109,250 adjusted gross income - it's LEGAL per 1040 Instructions
To me, the most important tax worksheet is the Qualified Dividends and Capital Gain Tax Worksheet on Page 36 of the 1040 Instructions.
Line 9 of the worksheet says: "This amount is taxed at 0%" What is line 9? It's (...
Ramiro Salinas
CPA or Accountant???
I am just now renting out my first single-family home! I am new to this should I contact a CPA or accountant right now or wait till later and just keep up with basic expenses from the property? I am new to this and c...