Our 10 unit condo association ownership has recently bee passed on the homeowners and I am one of the trustees. My question is around filing the yearend taxes. So far, the accounting firm had been filing 1120 form, bu...

Good afternoon BP investors. I'm going through my first BRRR property and I was wondering if obtaining W9 from contractors during renovation is always a good strategy. I have conducted my due diligence (license and re...

Hey BP!Now I know that underwriters need a BUNCH of information to confirm finances.  But some of this is ridiculous.  I'm working on purchasing a Duplex.  I've been uploading all necessary documents.The underwriter h...

Hey everyone!
Any advice or recommendation would be highly appreciated! I am a new agent in the Chicago market and I just filed Chapter 7 bankruptcy 4 months ago. Since my bankruptcy got discharged, I essentially hav...

I have looked at several different real estate investment funds to possibly invest some money. I won't name names as I don't think it matters.  For simplicity let's say they both invest in 5 states that do have state ...

Hi, newbie here! My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021). All we had in 2020 tax yr was fees to ...

Hello BP community!We started an LLC last year and are about to file our first return for 2024. We have purchased a property for flip that's currently under renovation. I wanted some advice on whether we need a specia...

CONTEXT-(30k in credit card debt, split between 4 cards, mostly in charged off status)
(one vehicle loan that was charged off, is now caught up to current, not paid off, 50k original loan amount)
(some card companie...

Hi—apologies if this is not the appropriate place to post this question. Please direct me elsewhere if so ... I know that when I use a calculator, I can download and save it. However, what if I want to edit one of tho...

Hey Everyone.I am buying my first rental property this month and would like to hear some ways to keep my paperwork organized. I plan to use my filing cabinet but was unsure of how many different sections i would need....