Hi All! I've been gearing up to start my property search (~6 months out) and I wanted to know how far in advance (or not?) should I consider reaching out to a tax professional to build out an LLC? It's a pretty expens...

Hello,Can someone share information on Business liability coverage for an LLC created to hold investment properties?Does the insurance need a 'person' on the policy or can the policy be in the name of the LLC?Is there...

Hi all, I currently plan on relocating to the Jacksonville area in the next couple months and would really appreciate any recommendations on a wide view of what policies to take into consideration for acquiring a rent...

Hello BP,

I am in need of your infamous brilliance. I am currently going through a 1031 exchange and wanted to ask a few questions about 1031 to understand the scenarios better. Thank you for any help you can...

Hey BP family! I am really needing some advice on this and I hope that I can explain it well enough for you to be able to answer my question.So my situation is that I am self-employed (Realtor) and the last 2 years I ...

Hi All! 
In Feb 2022 I bought and started managing my first airbnb. It has done well this year! But now that tax season is upon us I have a few concerns...
- My cleaner was paid about $9k via Venmo(this was a person...

I've got a multifamily building that is sitting at around $2m in capital gains.  Is there a way to sell a property across two tax years instead of one?  As an example, sell half in December 2024 and the other half in ...

What’s the best business structure for rental property tax wise? Do I pay quarterly taxes? What all can be written off and what should I be keeping track of monthly? What forms will I need to fill out?Anything special...

Currently have a Wisconsin LLC with 3 MF properties, we are currently selling 1 (but likely all 3) with plans to move the funds to invest in the South.  Our CPA advised that it would be best to create a 2nd/new LLC in...

Hi BP community, I am based in the Atlanta area. I am very excited to join this community and can't wait to get started on investing! I would like to invest in 1 - 2 rental properties this year and would love to hear ...