Hello!I am a newbie and I am hoping to get advice.  In order to get the mortgage on my second out of state turnkey property, I had to buy it in my name.  I just set up an LLC with Incorp. and now I was told to just qu...

I bought a property in Seattle and closed in January. Furnished and listed and started renting it out on Airbnb in March of this year. I have been booked pretty much ever since. Then received a letter from the HOA sta...

Hello, I'm currently looking at purchasing a business and having a hard time determining if my advisor has a full grasp on what I'm doing so here are the details. I am buying a business for $700k (100k property, 100k ...

I have out of state properties that I visit 1-2x per year to either have a meeting with the Property Manager or conduct a walk-through if there is no property manager.
If I use reward points for the flight/hotel/re...

Hi everyone,My name is Xiaojun.  I always have a passion in real estate.  My favorite hobby is to look at open houses over the weekends.  A random search on Google few months ago led me to BiggerPockets.  I was absolu...

Are the costs of a 1099 contractor fully tax-deductible in the process of doing business on rentals, BRRRR, or flips?More specifically, I'm looking at entering into an agreement with a contractor where their fee will ...

Just had a loan officer tell me that...

a) regardless of the business type, money isn't lent to LLC's or the like for investment properties. They lend to individuals and then you deed it to an LLC.

b) Fannie Mae on...

How do you collect delinquent lot rent? I can't see what leverage you have as a park owner to collect this. It's my understanding that to move a mobile home could cost upwards of 5K. I'm clearly missing something and ...

I have an applicant - a nice family - who applied for my house. Their business went bankrupt in 2007 (filed for a bankruptcy then) and their second business  also went into debt due to non-payment from clients 2013. C...

Business Travel Basics
A business trip is an opportunity to do productive business while earning substantial deductions. But it's important to know the rules and limitations of deductions for business trips; i.e. w...