Hello BP,I have my first property under contract, it's a triplex that I will be securing through FHA financing. I am currently in the inspection period, and just had a showing and home inspector at the property yester...

How do the tax ramifications of a hiring people to do small jobs (but over $600/year) work? I’ve heard you’re supposed to file a 1099 with the IRS and provide a copy to the contractor if you’re the one paying for the ...

Wondering what everyone's go-to metric is for analyzing the value of a potential investment property? 

I've spent a good (bad) part of this evening reading about the nightmares that can result from not pulling permits, crazy inspectors, pulling permits and opening a can of worms etc...My question is...how long to do yo...

We own a SFH that cash flows about $150/mo after all expenses. We're currently converting a detached garage on the property to an ADU. It's less than 700 sq ft but a 2/1 works nicely there. According to our PM, we sho...

I am looking to setup payroll for myself out of my company, call it LLC #1, and LLC #1 is owned by Parent LLC which I am looking into doing an S-Corp Election for. What I am unsure about is if the whole 60-40 rule aro...

I own a lot of properties and take all the rents by bank deposit.So each month I have over 15 different deposits in my account and some of the properties are the same rent amount. I've previously asked tenants to send...

has anybody done business with Michael harper?

Okay, so I was in my profile last night and came across the Blog button.  I was feeling a bit verbose at the time, so I decided to write a blog, my first in life.  I posted it, then decided to try to read it.  I went ...

Alright trusted and respected BP family...  I apologize in advance for the length of this.  I just realized exactly how long it is.  Much appreciation for anyone who actually reads this mini-novel and has advice to of...