The DoD recently released the 2022 Basic Allowance for Housing (BAH) rates for military service members.  BAH rates will increase an average of 5.1 percent when the new rate takes effect on January 1, 2022, which is t...

Hello all. I am working to wholesale pre-foreclosures. Any I could use any advice regarding a strategy in his to approach homeowners in this situation. Do I go in person or mail them a letter?
Thanks BP for any help

Can someone please direct me to the North Carolina law that tells me exactly what constitutes abandonment of a building? This is a SFR. Don't need to know about personal property, just the building itself. I am gettin...

If I move a rental property in my name with no debt into a single member llc, what's the best way to keep the llc poor, put a mortgage on it through a separate single member llc?

If that's the case, and I later decid...

Hi,This question is for a friend's mom. She completed 1031 exchange and converted 1031 property into primary residence, almost immediately after 1031 (one month). I know the rules that she should have used the propert...

got a quote from my CPA and he said it would cost 5K for a cost segregation study for 2 family property.
do cost segregation studies require someone to come in person and check everything out? or is it what i report ...

I own a property free and clear and want to transfer it to an LLC that I am part of and the LLC is registered with the state of Texas.  Do All I need to do is fill out a Special Warrantee deed and file with the county...

Hello,I met with my CPA yesterday and we discussed my rental portfolio and remodels completed on recently purchased properties.She asked whether these were repairs or improvements.  Apparently you can deduct repairs, ...

I'm creating an LLC to be my management/operating company. My holding company for my long term rentals will be a Texas series LLC. I am wondering if my operating company should be a series also.

I plan on keeping my...

Two questions:
1. Has anyone ever heard of a bank calling a loan due to transfer to an LLC? Are many people doing this without getting official approval from the bank first? Seems like many say no and some say yes if...