Hello all tax professionals on BP, I would like to reach out to the knowledge base to see if any of you have dealt with a similar situation as addressed below and how to properly handle it. Thank you in advance!Topics...

If an LLC elects to be taxed as an S-Corporation, what are the specific tax provisions that would need to be included in the Operating Agreement in order for that tax status to hold in court down the road? Thanks

Found an mixed use building with 8 units and a tax lien of $28k on it.
Mostly units rented (2 vacant) and bring in some money. I could buy this house but cant pay off the tax lien, so I asked the lien holder for inst...

How do you verify the validity of a tax sale? In the case that you do purchase a tax lien or deed are there any measures that can be taken to protect your investment (preservation improvements ect). Also is there anyt...

Hi all,I am closing on my 2nd duplex in December and want to stay organized. Curious to see how people stay organized from a financial standpoint with tenant security deposits and separate banking accounts. Right now ...

I'm curious about a financial decision to make . My real estate investing is not a business , I just use all my left over cash for my deals and expenses . Do you recommend keeping a separate bank account for all my re...

I have an accepted offer on a 4plex, it's a short sale. In the offer it states that I get the security deposits for all rented apartments. The building is full, and it's $2,525.

I don't know, the seller...

We recently listed our RV park for sale in North Platte Nebraska. Our realtor wanted 3 years worth of tax returns emailed to him so he could share with interested parties upon request. He stressed that our social se...

I learned some formulas on this site. Like what percentages to estimate for repairs and cap expenditures etc.   I have 1 business checking account and 1 savings account for my 4 family building.  I keep the tenants de...

Me and my wife are looking to buy our first investment property, before our lease is due in four months where we currently rent. We have a down payment ready to go. However our credit is poor, and I have been working ...