Hello gurus of BiggerPockets,My wife and I are Canadian and about to start investing in real estate in the US. We might invest in any state but we will start out in Florida. I think we will end up buying a mixture of ...

I'm a small investor. I currently have a triplex and single home that I'm renting out.  I purchased the single home in 2023 and also purchased and sold a fix and flip in 2023. I lastly own my primary residence and hav...

Does anyone here use a Series LLC for each property they own? Can someone please ellaborate on the Pro/Cons of a Series LLC versus a standard LLC.

If someone could simplify the steps to opening an LLC for a full-time house flipper that plans to also get a general contractors license in the near future. Thanks in advance!

I would like to make use of the special allowance.  However, I would be filing as head of household.  Would that mean that I would only receive a $12,500 allowance?
This is what the IRS writes:
Special $25,000 allow...

I am rebuilding my portfolio now that we have moved to a new city. I plan to use my own cash for flips, and lender assistance for buy/holds. My loans for buy/holds would be in MY personal name with the bank. But I fig...

Good Morning BP!I'm at a bit of a cross road, and thought I would seek out some sage advice from the more seasoned individuals here on BP.Goal: Trying to increase my credit scoreCurrent stats: (score 709 according to ...

We just set up our LLC in Illinois to flip houses.  I'm preparing to file for our EIN with the IRS and need to decide if we want to be taxed as an S-corp or partnership.  I'm all for S-corp except for the requirement ...

I am new to the forum and I am glad that I found this. I actually have two properties (still paying mortgages) in CA and I am planning to turn one of them into a rental property. I've researched, watched and read many...

Is there an average price to pay for multi-state tax returns (3 commercial and 3 residential rental properties) in California? I believe I am being overcharged but it seems like a huge risk to search for and switch CP...