Hi BP,I have a single member LLC in Indiana with no property or income in CA, but still have to pay the $800 tax since I'm the managing member living in CA. The LLC only owns 1 rental property and cash flow is pretty ...

Just wondering if this deal makes sense (cents$$) or not? It's a 26 unit MF complex. 23 out of 26 currently rented. Would require 20% down and seller financing 10% of purchase price for a total of 30% to get com...

I recently learned you are able to use potential income generated in a multifamily home to qualify for an FHA loan,I live in an expensive market so this beneficial for me but I don't know exactly how this works. I'd a...

I just received my property tax notice for a commercial office/warehouse space I own.  Two years in and they county is raising my valuation $30K.  I've researched the various protest methods and concluded there's a si...

Should I pay a lawyer to help create my LLC?

A friend just told me he is getting a divorce, and they have owned their home for less than 2 years. (February 2016 purchase date.)How does divorce affect Capital Gains on this purchase? After one year, it's long term...

One of the books I'm reading says that it's best to pay the SDIRA yearly fees out of pocket to maximize the amount of money.Now, I'm sure the transaction fees of an investment have to be paid by the SDIRA but is it st...

Hey everyone!  Newbie here.  Looking to make my first deal and I'm super interested in a resort near me in Vernon NJ.  It's technically a resort/hotel situation.  It checks off all my boxes in regards to the HOA allow...

Hey BP,
How do mileage deductions work in a partnership structured as a multi-member LLC? Are the miles I drive only deductible to my share of the rental income or is it deducted from the total income of the LLC fir...

I have several properties I did a JV agreement on with someone while we were feeling each other out. We have since formed a joint LLC, and properties we held were moved to it at refinance. The issue is at initial purc...