Sobering assessment from the annual report by the Taxpayer Advocate Service (a semi-independent branch of the IRS basically tasked with specific and systemic problem resolution):- 10-month refund delays on paper-filed...

New landlord here...After researching, I'm still struggling to understand the allowable late fee, 10-day notice, and eviction timeline for the state of North Carolina...By law (in NC), you are not allowed to collect a...

I have several rental properties in my home state of NJ, all owned in a NJ LLC. I’m wondering, if I buy out of state should I set up an LLC in the states where properties are located?

Hi everyone!Just closed my first flip!Me and my partner created an LLC and purchased it in that name.How will I file my taxes if we make money on this first flip? Is it the regular way I always file my taxes as ordina...

Hello all,I have some access to a private loan, however, it may not be enough to cover the entire purchase and rehab. The first solution would be for me to cover the remaining with personal cash, then attempt a cash-o...

Hello BP!I am following a foreclosure where the auction was delayed due to bankruptcy filings.  Because I do not have the cash available to buy at auction, I'm hoping this is an opportunity to contact the current owne...

Does your tenant have to have a Renters Policy? How important is it?Just wondering

Hello, I have a problem tenant and the latest is I have a failure to pay rent judgement against them.  Today is the day I can file for eviction.  Last night I get a text from the tenant saying I can come pick up the r...

Hello,
I have a W2 and i own only one rental property. It is a Condo. I usually use a CPA to do my taxes, but this will be my first year as a landlord. The condo is on my name and not an LLC. I put down 20% to acqu...

Hey everyone,Long story short I have some people who want to invest into my real estate business. This money would sit in my businesses bank account until I needed to use it. This would help me with capital so I am re...