Hi, I currently have two properties in Jersey City that I rent out and am working on getting my third. When would be a good time to start an LLC and switch the other two properties over? I currently have umbrella insu...

I have an LLC but I registered through my state so my name is associated with it. I have been listening to talks on how to setup an LLC to mitigate any legal ramifications in the case that you are sued. The suggestion...

Hello.I am filing Form 3115 to start depreciating (and to catch up on missed depreciation) a rental property that I have had in service since 2010. I assumed 2015 will be the year of change, since I am figuring this a...

We're currently Beta Testing the BiggerPockets File Vault, and as you can see [Note the attached file below], users will soon be able to upload files to the site, and will be able to attach them to your forum posts an...

There is an REO I have under contract and still within my inspection period. I went down to city hall and discovered the additions on the home are unpermitted and violate setback rules. I cannot obtain variances sin...

Hello! 
I have 4 rentals in Missouri and 4 in Kansas. I've heard a number of different suggestions on whether an LLC is even needed and/or just have umbrella insurance. I've decided to go the LLC route for protection...

Hi Canadian BPsFor Judicial sale Foreclosures (I am in Alberta), can anyone advise step by step on how the foreclosure process works? Even if you can direct me to some trustworthy links, I would appreciate it!Thanks,Ram

I'm in massive research mode for first STVR investment.  Feel I have a pretty good handle but surprises still come up!  I am looking at an area that has a   6% hotel tax and 7% sales tax.  I have been putting these nu...

I have a LLC with my wife and I listed as members under the Articles of Organization. Does the IRS consider this LLC as a sole Proprietorship? Also, since it's a pass through entity, I don't need to file a separate re...

My loan officer (not Penny Mac employee) is working with Penny Mac to secure me a loan on a primary home purchase. We started the process in late March, and we always provided everything they requested within 24 hours...