This is my first year owning a rental property. Therefore, this will be my first year doing taxes on the property. I only have the one property. What does everyone recommend on filing the taxes? Use a tax software...
If rent is due on the first, when do you post an eviction notice and when can you contact a lawyer to start the eviction proceedings?The law is, surprisingly, not clear to me. (/sarcasm) §131. Delinquent rentA. If ren...
So I have an S-Corp which is idle and recently bought a double which I close on soon. I don’t have a mortgage and I still don’t know whether I am going to rent it out or flip it. My question is, is it better to file...
I have been extended an opportunity to join an investment group. The questions that I have concern the legality of investment groups, filing with the SEC. They are asking for an annual membership fee, plus an initial ...
I have off record interest in a property with another person who is on the title. After a recent title search, I found that my "partner" had gotten a couple loans and now there are liens on the title that I was not aw...
Hey I’m just buying my first property, I’m thinking about putting it on air bnb. Do I need a business for tax purposes or can I just file taxes as normal but just with the added income of course. Thank you for your kn...
Good morning BP!I have evicted a tenant (in Texas) and received a judgment for about 3k. The courthouse says I can file an abstract of judgment which gets me paid if they sell any real property in the next ten years. ...
My CPA suggested forming seperate LLCs for each rental property I purchase. He states that this limits my liability if there is an issue with one property. I have just one property currently, but I plan to purchase a...
Hello BP,I've won a buy and rehab property in my local market from auction.com, and I want to use a Hard money loan for this quick fix and flip to sell it for profit, but many of the lenders I talk to only lend money ...
Does a child support lien attach to a property that was filed against a person before they purchased a property in New Jersey? The support lien was filed on 8/2/2006 and the person purchased the property on 6/3/2008 a...