My cousin that I have been trying to get on BP has an interesting situation. He bought a home for himself in Lodi California but work in the Bay Area long story short he can’t deal with the commute anymore and decide ...

Tax time again...I had a deal on a commercial property in 2014 that never closed. I lost half of my earnest money as a result.  Trying to figure out how to do taxes. The LLC for this deal was only set up for this deal...

What method do you all use for depreciation purposes to separate the cost of your land and house for SFH?

I have a rental property in Colorado and have created a Colorado LLC to hold it. However, I bought the property under my own name and have a small mortgage under my name. The mortgage company won't let me tranfer itl...

Rental Income and how it shows up on your Taxes as Income ??Can someone please help me in understanding the way in which the Rental Income received will be " Counted for " on my 2017 taxes .Example:Let's say I receive...

Hello everyone, I am starting my short term rental journey. Currently, I only own one property with a mortage. Should I open an LLC or should I run it as individual? Furtheremore, If I open an LLC, am I required to ch...

I started an LLC in late 2018 as a domestic partnership between my mom and I. When we opened it, we got the EIN and notice from the IRS about filing form 1065, which is standard. Fast forward to tax time, we own anoth...

My best friend and I have a 50/50 stake in a rental property. He has a family and kids and did not have the free time to invest in real estate so he asked me to invest with him knowing that I have the time and experti...

If you own real estate in a single member LLC, can you pass mortgage interest payments to be deducted against other personal income?  Or only against LLC income? thks

Hi All,A few questions here.1. Have anyone self-originated a promissory note (pledging their properties as first lien with a mortgage note) before? What I mean is, instead of finding banks, FHA, commercial loans or Ha...