Can someone help me with the following two questions?
1) If you set up an LLC (with an EIN from IRS and approval from state) but it turns out you don't have any business during the year, how do you report that for y...

Hello There,
Before we start acquiring prioerties. I have a quick question about taxes and when and how one would report..
Let's say I am a limited partner in property in state A LLC , and limited partener in state ...

I'm thinking about using this company.  Does anyone have any feedback?

For those of us who are passive investors 2013 brings new federal gross rent tax of 3.58%, thanks to Obmacare. It is one of the myriad of new taxes passed by the Social Democrats. How are other passive investors of th...

I receive these lists from my mom all the time and I have no idea how to utilize these if possible. I'm new to investing and like to learn as I go. Seeing as how I have BP on my side, maybe you lovely people could hel...

Hi BP,
I'm an investor from Chicago looking to potentially purchase my first property using an FHA loan. If I went this route I would rent out all of the units from day one (i understand that this is only permitted a...

I'm not sure if this is of any interest to the community here, but from where I sit it's getting to be downright fascinating.

With recreational cannabis legal in WA and CO - and momentum toward legalization e...

Should i liquidate my 401k and start out real estate?

Hey all, I have a question about the requirement that necessitated 2 years of rental history to be shown before allowing that rental income to qualify for a conventional loan.  I may be misstating this, but I think th...

If you have 3 investment properties in personal names, how can you later sell each and buy another in order to qualify for 1031?  They can mix up.If you buy each in different LLC names,  easier for 1031 tax purposes. ...