Hi,a little confused about the short term rental loophole. Seems i can use my paper losses on my STR against active income if my avg stays are less than 7 days and I pass the materially participation test.  Here's my ...

Hello, I'm hoping somebody can help me understand the laws regarding utility payments in North Carolina a little better. I recently bought some property there where I plan on building a duplex, possibly two or three o...

Bought a house down the CT shore trying to decide if I rent it myself (via VRBO ABNB) or give it to an agent who has area expertise (and multiple rentals).  This is my first year owning the house, high demand area. Lo...

Hi All,I singed a contract last week on buying a lot of land. When I was talking about it the guy who flipped it to me told me that previous buyer backed out because previous buyer could not get title insurance from t...

Hi there. Wanted to say hi and introduce myself and thank everyone for all of the amazing information on this forum.On a long 7 hour drive (one way) last week, I found Kevin Shortle's podcasts and devoured all of them...

What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.

Ok. Here we ...

How do you guys recommend setting up property operating accounts (e.g.; checking) for multi-family apartments?  Do you have an operating checking account for each property? One account for all your properties? #AskBP

I recently listed my property for rent (first time), and one of the tenant inquiries asked if section 8 was accepted.  I read the laws in NJ and it sounds like I cannot flat out refuse to rent based on section 8.  Is ...

Hello everyone,I have been reading books by Robert Kiyosaki lately, and he talks a lot about creating your own LLC to protect you assets.Should one create an LLC before purchasing property, or after?Any advice on LLC'...

Completing a cash out and looking to invest ~$50-100k into a syndication. Where do you recommend I look? And does it make it much harder that I'm non an accredited investor?