V Krishna
Can IRS 1065 for multi member LLC be a DIY ?
Hello All,
I have set up multiple member LLC's for my SFH rental's and would like to know your thoughts on filing IRS form 1065 and obtain K1's yourself. Is it mandatory to go through a CPA ? Please share your experi...
Derik S.
Newbie from the Rocky Mountains
Hi everyone, My name is Derik, I am new to BP and real estate investing in general. So needless to say, I don't have any background experience in real estate (reluctantly admitting). Like some meetups I've joined, I ...
Chad Huffer
Anyone Have Experience With Squatters
We've got a situation where someone has moved in with no lease and established residence. They've even established cable/internet service to the location. We initially thought they may have been the victim of a leas...
Joseph Velez
What Are the Benefits of Creating an LLC for Your Rental Property
Since I was asked about LLC's this week I'll share this article I read today.There are four benefits of creating an LLC for your rental property:1. Limit Your Personal Liability
If you own your property as an individ...
Brandon Nguyen
Low purchasing power
Long story short. Purchased a townhome 2018 before the military using FHA loan. Joined military 2019 deployed, came back and bought a single family home in 2021 using VA loan. Both are currently being rented. Talked t...
John S.
Protecting assets with accountants and attorney
Hi Community,
I’m in the Bay Area and want to consult
with a real estate accountant and attorney about how to best protect my property assets. I have multiple homes in CA and FL that are in my name. I’m not an activ...
Jon Martin
Why is VRBO rejecting my photos?!
Ugh. . . . I have tried well over a dozen times to upload a bathroom photo. It fits all the requirements- size limit, minimum pixels, file format, no text etc. I don't think I am pushing it over the total photo data...
Yenlan Patton
Need advise for late paying Tenant and other violation
We have kinda complicated issue with our tenant here, first of all we have the contract signed by the daughter of the father who is the one paying the rent. Because the father has bad credit and want to help her daugh...
Kumar R
Series LLC Entity Structure
I am starting out as an investor and have done some reading on Series LLC. I searched in the forums and did not find an answer.
I have seen a setup as follows:
1. abc LLC (Parent LLC)
2. 1 Series LLC "cell" to manag...
Dave Yang
roof leakage - is it worthwhile filing a claim ?
We received some heavy rainfall this past winter, and now I have leakage around my chimney. I anticipate that it could cost $5000 to fix and I'm questioning whether to take the insurance claim (deductible is $2500). ...