Hi,I live in california, but I find a property that I am interested in.  In california, an LLC costs 800 minimum tax payment.  Is there a way I can set up a LLC outside of california?  If so, which state is the best? ...

Nothing stresses out a host more than short-term rental taxes.A deduction is an expense you spend on your short-term rental business that can lower your taxable income. This is a good thing! The more deductions you re...

Hi all,I'm purchasing an investment property next month (December) (2 units). I want to maximize my tax savings when I file my taxes next April, so I was wondering what I should do til the end of 2022 to maximize my t...

Hi there,I'm looking for someone / a service to help me set up my accounting system and train me to do the entries. I'm open to software like Quickbooks online or any other that is recommended. Is there a service out ...

Hi everyone! My name is Yanting, I am a newbie investor looking for my first rental property!  I have been preapproved for a conventional loan for primary residence. But I found a property that I am interested in, and...

Hello! My husband and I are beginning the stages of learning about real estate. We are preparing our house to turn it into a long term rental unit and plan to house hack a duplex or fourplex (along with our 4 kids 😜)....

Hello,
I currently live and work in San Francisco, I am looking at developing property in Michigan and wanted to create an LLC based in that state (I have 1 minority owner who will be doing the day to day work in Mi...

I am new to real estate investing and have a unique situation in that I inherited a significant amount of money which is currently in a personal trust. I am trying to figure out if utilizing the trust as the funding a...

I have seen several old post on the pros/cons of having an LLC and umbrella policy. I was hoping get some recommendations on whether or not I should seriously consider starting an LLC (California resident) and/or umbr...

Hello BP Community, thank you in advance for reading my questions and providing me with your thoughts.I have recently purchased a duplex and we will be renovating both units. I want to focus this discussion once I hav...