Me and another person plan on going 50/50 in a wholesale business. The thing is I know I will put way more time and effort into the business and turmoil will eventually breakout possibly. Let's hope that doesn't happe...

Hi, what is the benefit of listing a property with the LLC, for example, I saw a home on Zillow that was purchased by someone using the street name ex: 2345 Anywhere Dr. LLC I also saw the business was formed when the...

Im invested in an industrial building. My LLC owns 33% of the building. We have been offered a proposal to be bought out. Can we take our profit from the buyout and 1031 exchange it into another property? Or is this n...

Hello BP!It's been a few months since I've posted on here, but I am happy to share that after years of analysis and paralysis I finally took a huge leap into R.E! My old colleague and I started an LLC in Vegas NV wher...

I'm an experienced REALTOR on Florida's Emerald Coast specializing in short-term rentals.  Every day, I have conversations with investors who want certainty on "the numbers".What are "the numbers"?  What do "the numbe...

Hi BP Team,Hoping there is a tax professional out there that can address my question.  I recently realized a significant 1231 loss.  I understand there is a 5 year carry over on this so if i realize any gains those ga...

I purchased a home last year that had a "light" HOA which only covered lawn maintenance and common grounds in a small town home community.  The seller sent the bylaws and restrictions (which were from the 80s) and the...

Question for the CPA's - Person A is setting up a trust for estate planning purposes.  Person B will be the beneficiary of that trust upon the death of Person A.  The assets of the trust are primarily income producing...

Hi all, I'm a newer landlord and have had tenants in place in our rental since March 1. They have paid like clockwork so far (via Cozy). They reached out with a a laundry list of concerns, most of which are minor and ...

I was a member of an LLC in the mid 2000's that owned and operated gas stations. The company no longer operates. We demolished the land and pulled the tanks. Did required testing and the ground is a little dirty but t...