Dear BP Family,  I'll soon be the owner of a piece of real estate, and want to enjoy the asset protection afforded by an LLC.  Has anyone on BP been successful in transferring ownership of mortgaged real estate from t...

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I am considering loaning money in a situation where I would be getting 35-40% of the profit and also a preferred interest rate on my money. This would more so be a partner situation so not lending to stri...

This is the first time listing the rental property as an agent representing myself. I almost went through an eviction on my last property in Chicago and wanted to be extremely cautious when screening a prospective ten...

Ladies and Gentlemen,                  I need some feedback. I need some knowledge. I would like to know what’s next? Has anyone else dealt with issues like these before? Property is a 3plex. Non rent control area. Se...

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We know there are lots of reasons to structure your business. With different goals and objectives it can be hard to decide what might be best. If you haven't seen our new polling ...

I have had tenants tell me all manner of stories to explain why they were late with the rent. Sometimes, my empathetic side comes forward and gives them a free pass. I know that I must surely have been hoodwinked befo...

I was having a conversation with my buddy and the topic of mechanic liens come up, where a contractor can file a lien and it can attach to your propertySo it got me curious and I started researching.  I don’t plan on ...

I bought a rental (Town Home) back in 2004 & have been taking a depreciation so that I could get a bigger tax return. The CPA that did my taxes this year advised me that I shouldn't be taking a depreciation if I ...

Local wholesaler gets a response from some bandit signs. A homeowner is willing to sell his vacant hoarder house and adjacent lot in a nice area in Los Angeles. Sale price for both properties is something over $500k...