If there’s an escrow account created with the initial home purchase, do you create a second account when you rent the home out? It is transitioning from a primary residence to a rental property.

Attention all Accountants and real estate investors!
The Inflation Reduction Act (IRA) of 2022 was signed into law on August 16, 2022 by President Biden.
It’s a $737 billion investment that according to two of the ...

I found this company on FB. They are offering a part ownership in two large grocery store anchored strips in the NE. They are claiming a projected first year cash return of 8% with an IRR of 16%. The project is 36.5M ...

Hello!Just trying to understand something.So we have multiple LLCs for operating things such as consulting business, accounting business, and others that were created before a Holdings LLC was created. These are all s...

Ok, so I got my tax prep bill and I think its way high. For discolsure, my accountant had to file 5 forms:1040 US tax ind return1040-ES Estimated TaxKentucky Ind taxKentucky Est taxKentucky Single member LLC tax retur...

Hi BP community! For a little background, I’m a Houston oil and gas investment professional working for a venture capital firm that has ~$11 billion in AUM. I'm familiar with the underwriting acquisitions and am inter...

I wasn't sure which forum I might get an answer on, but since this relates to Commercial/Apartments. As its tax season, so hard to get the attention of an accountant on this one right this second. So here goes:For "go...

I read an article written by an attorney that suggested starting a separate management company to provide another layer of protection in the event of a lawsuit. Has anyone done this? Is it worth the trouble?

Here's...

I purchased my first property back in 2018; the monthly mortgage payment is $1300 (which includes interest, principal, property tax, and insurance). I leased the property a month after the purchase for $1550 a month (...

I created a new gmail account to handle my internet marketing stuff for lease options, and as my first foray into the game I decided to mail some rentals/FSBO's in my area on Craigslist. What I figured I'd do is first...