Hello BP!Long story short, I've hired a law firm to form a single member LLC for the sole purpose of investing in rental properties.  However, when electing to be taxed as a sole proprietor (IRS default for single mem...

It looks so easy! Buy a house, make a few cosmetic fixes, put it back on the market and make a huge profit. At any given time there are half-a-dozen shows on television where good-looking, well-dressed investors make ...

Hi everybody,My wife and I are seeking knowledge and expertise on real estate investment. We are young professional trying to build a solid portfolio that will hopefully provide great cash flow.   

Dear BP family,
I really hope all of you are safe and healthy. Is there a way to professionally inspect a property and to know for sure whether there's structural damage and/or a leak in the basement, or dampness in ...

Hey everyone,I'm seeking a legal professional / paralegal located in San Diego to help me out in the process of transferring a free & clear property within the family via quitclaim. I've done the process before bu...

Hi,I am in the early stages of my real estate investment journey and under contract with my first rental property, which I intend to use as an STR. I am technically an active CPA but haven’t been actively using the ce...

Hi, We are a married couple and own a primary residence in Bay Area, CA and another investment property in Redmond, WA. We recently setup a trust in California. My attorney mentioned that the state of Washington has v...

Along with Material Participation as a Real Estate Professional, you might also want to consider grouping your activities together. So a common question that I get is-

Do I need to group my rental activities together...

I'm seeking recommendations on a roofer in Corinth (Saratoga County) NY. Thanks! 

I'm new to REI and would like to work closely with a CPA for tax purposes. Seeking referrals please and thanks.