Hi Everyone
I wanted to run this idea by the BP experts that someone gave me. If me a canadian citizen partner with a family member who is a US citizen to buy rental properties, I am providing all the funding and...

Hello BP,I am the sole owner of a LLC I created to buy and hold properties, and I just formed a new LLC with a business partner for some deals we will be working together. My question is, what are the tax/legal implic...

Hi,Over time, I've browsed so many forum topics and now I'm thinking about investing out-of-state.  I thought I remembered reading some advice about income tax vs some other tax in both your residence state and the st...

Can You Deduct Payments Paid on a Principal Only Note?

Situation; Elderly Seller bought their Triplex home for
around $350K Many Many Years ago. She lives in One unit and rents out
the other two Un...

Hi All! Interested in the community's thoughts on one possible game plan for investing in my first multifamily:I currently own two single family rentals, and my goal is to grow my portfolio to eventually replace my in...

So i was researching about passive losses and i found out that i cant claim passive losses if i dont materially participate in the property or (if i am not a real estate professional). How can you show material partic...

Just finished reading the book on Tax Strategies for Beginners. Never thought I'd enjoy reading about tax so much! I'm getting ready to read the "Advanced" book but in the meantime, I have a few questions I'm hoping s...

Hello,I am looking to purchase life insurance for the first time in my life. From my law school classes I vaguely remember that whole life insurance is the bad one and  term life insurance is the good one hahaha. I ne...

Hello BP Members, I am interested in purchasing this 12 unit building and would appreciate if members could assist me with purchase price. It's an off market property and Seller has passed away and his family doesn't ...

Hey Guys! The BP Podcast with Amanda Han on taxes last month really got the gears turning in my head. For anyone who hasn't listed to it yet... it's a great one! Episode 162 Now onto my question.. I have a traditional...