If I own an LLC that sells engineering consulting services for, say, $20,000 in a year, can I use that $20,000 to make a downpayment on an investment property, and then tell the IRS the LLC had $0 profit?

Hey guys,I'm looking for my first large multi-family. I come across one that is in my sweet spot as far as location. Exteriors are in good condition. Interiors are very dated, a couple of units have been completely re...

Hi BP'ersI purchased an OOS property last year, in Cleveland, OH. I am a starter investor you can say. I have been following the expenses from the property mgmt and noticing expenses such as 'bill payment fee' charged...

Hey BP community,Looking for some advise on reducing operating fees on my str in the city of Southfield, MI (Detroit suburb). This is my first property, bought it last December and went live in mid March. Until now it...

My property manager just lost an eviction. It's a long story but the short version is that they did not have a properly formatted Pay or Vacate notice. I now owe opposing counsel's legal fees of $1750. Should my prope...

My accountant recommended that I use quicken rental property manager. However I see many negative reviews on Amazon.  I only have 4 units now, but I am planning to acquire more properties. What is your feedback on thi...

My Rental PIS date will be August 1, 2024. I currently just have a 2-door honda that I will use for business travel/managing the rental. Ideally, I'd like to buy a more practical car for managing my rental (something ...

I want to start out in the right direction, any suggestion for software?

I'm a relatively new investor and want to run a deal by some more experienced investors to get some insight. I would really love to talk to somebody with experience in the RV Park/Mobile home park space because I have...

I have 3 properties with my family in Brooklyn.In one building there is  2 apartments, we live in them. In the other 2 properties we have 6 apartments in total. All three properties were bought on my uncle's name, as ...