I'm involved in an assignment or a double closing. Party A is selling her home ( personal not eligible for 1031 I dont think) for 375,000 to party B, then B will sell it or assign it to Party C for a FEE of $50,000.
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I am retired with a several rentals and looking to minimize taxes. I was reading a tax saving idea regarding using the equity in a real estate rental instead of withdrawing Retirement Savings. From what I understood, ...

In episode 943 of the podcast the guest, Jeff, said that if you pay your debts through a business account for 12 months, they will no longer apply to your personal debt-to-income ratio (DTI).  Does that apply to conve...

Who is using marketing companies for Seo and paid google ads? I'm currently looking at using a company and they charge $2000 month for managing the campaign plus a ad spend for 4 properties. Is this the going rate? An...

Hi BP,I have a single family home in Albany County, NY. I purchase it in December. The renovation should be complete this month. I paid cash for the property and renovation. I would like to keep it as a rental and pul...

I'm a landlord of a duplex and a couple weeks ago we heard a loud argument (we live on the other side) and then she left with a suitcase and we haven't seen or heard from her. Their rent is not due for a couple weeks....

Hi all - I did a search here but couldn't find a consistent answer. Hoping for one here. Situation: This is my first time lending money. It is a first position note for 12 months to a borrower who paid 6 months of int...

Hey BP Family, I feel like this is a really simple question/solution but I can't wrap my head around it. I started separate business and personal accounts for clean book keeping. I invest in SFH and small MFH. As I ne...

Time to file your 1099 forms but not to everyone you pay. So start cleaning up your books and excel file to identify whom you have to issue the form.First you should have a w-9 form filled out by anyone whom you are g...

I have fully paid investment property which i am finishing to rehab. i am planning to either airbnb or long term rental on this house. i am looking for cash out refinance options on this house without my personal inco...