I received a letter in the mail from the Department of Revenue in Kentucky prompting me to register online for tax accounts for my business (I started an LLC in 2016 in KY for the purpose of asset protection for real ...

Hi,
I have been doing private lending at small level with my own money that me and my wife earned.
I was doing on our own name, no LLC involved.
Now I was thinking opening a LLC.
Just need opinion what are pros an...

Here's a 1031 challenge I am currently going through now...In March 2014, I purchased a small two family owner occ with a tenant renting the other unit.   In August 2014, I moved out and have been using it as an inves...

I purchased a rental property earlier this year, and it will be my first year not taking the standard deduction. I met with a tax professional I found through BP, and in our planning call, she mentioned that if you ar...

Hi all,

I'm purchasing an investment property (residential rental duplex) and I'm wondering what the best legal entity to hold it in would be.

Purchase price: $479,000
Monthly cash flow: $1,500

Income will be ke...

I will be a passive investor who will finance the flip and my partner will do all the work and we will split profits according to our agreement.My preferable way would be to buy it in the name of the LLC I own 100%, m...

Do you recommend forming and LLC for each property separately?  Is it worth the cost?  Also, am I correct if an LLC is registered in a state that has no state income tax I won't have to pay income tax on the rental in...

I'm curious about using the BRRRR method and how the bank preapproves an investor with multiple mortgages. When you're ready to purchase additional properties - how do you get approved for the additional debt with you...

Hi all - I have a question that is most likely for tax specialist's and attorneys, but I thought I would see if anyone here has any insight. I sold a property with a partner and we put the money into a 1031 and bought...

Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...