We recently purchased a condo that we’ll be renting out and formed an LLC naming both spouses.  I’m not sure how to fill out the  ‘Federal tax election’ section on the LLC request for information form tr-570 from NYS....

Hi, everyone. I'm new here in biggerpockets and I'm also new in real estate investing. I'm basically starting from scratch. I attend a "free" seminar on real estate investing and I've been reading up on real estate in...

Hi,I completed my first flip and made some money. I am happy it all worked out well. Now I want to know what paper work do I need from contractor before I pay him the remaining amount. So far I have paid him in checks...

Hello everyone, I’m new in here I have been watching and reading about the investments on podcasts and the forums I want to start on this journey and my question is if I start buying for the benefit of cash flow of re...

I was having a discussion with some other investors and we were discussing partnerships. In your experience in partnerships, do banks consider them stronger than a sole proprietor? I would love BP thoughts on this. 

What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...

I would like to use an electronic service to collect rent from my tenants, who are (so far) banked and fairly competent computer users.  Intuit's Payment Network is appealing and recommended in several BP posts, but I...

Greetings;

I am looking around for a new landlord policy for a house I own in WI (I live in CA). Have had a couple agents (in WI) tell me they can't/won't insure my 'investment' property because I live out of state....

Hi, I've been doing some research and was wondering if anyone out there has used business credit to purchase new properties and then refinance to pay the card off after the seasoning period? It seems like a great idea...

Good morning. ☀️I have a 751 on Credit KarmaAltogether about 15,000 for a downpaymentLast year I made 50kBut I it’s my first full year as a sole proprietor therefore I could only prove 25k on my W-2 part time. I am co...