Hi! I have a short term rental property. It's a 5th wheel located at a campground. It does not get moved. Will the RV be depreciated at 5 years or 27.5 years? I am unable to find anything giving me a for sure answer. ...

Hey Guys,

I recently took over a rental property that my father was going to allow to foreclose. The property has been rented out by primarily, the same tenants throughout his tenure. Here is my issue; this is a two...

Hi in the la area looking for some guidance for my first buy !

I am from NJ, and about to set up a RE investment company.  Normally would have set up an LLC but heard just last week at my real estate club-as an advertisement hook for our January meeting which will deal on the sub...

I want to protect my assets. What is best an SLLC or a revocable living trust. What is better as far as protection against lawsuits

Hi BP Community,I collect paintings. Paid ~3.5k of paintings last year. If I put them in my STR, can I write them off on my Schedule C? 

Hey everyone, I have a home fully paid off that I live in, as well as currently rent out to one person. If I converted my primary residence into an LLC and then rented to myself (i.e., I'd still live in the house), co...

FolksI have 3 flips in progress in the IL area. I am a resident of CA. I was suggested to set up a C corp by my realtor. Wanted to get some advice on how to do it.Do I need to incorporate it in IL or in CA. Any sugges...

Does anyone know what the taxes would be if the assignment fee is $5k? I haven't opened a business entity yet. Thanks

So I have found many potential deals in the MHP market and trying to narrow down the best one for me. I have read the BP Due Diligence checklist along with many other checklist on the net. I also have considered payin...