Hi BP,My husband and I have been thinking about selling one of our rentals, but we are a little conflicted and would love your input.I think we should sell, this property was an "accidental" rental (our first home, th...

My husband and I jointly own 3 buildings with residential financing in our personal names.  We also own 15 buildings (50/50) in our LLC. The problem we are running into is that our investment properties with residenti...

Good morning BP experts! I'm an Accidental Landlord. Bought our home in Laguna Hills for about $350k back in 2002. Kids grew up and split, and we couldn't afford it anymore. By then, it was refinanced a few times to a...

Hi Everyone.I'm trying to put together my first five year plan for investing.  My goal is to generate enough passive income within five years to be able to cover my expenses. Or get out of the rat race as Robert Kiyos...

What’s the best business structure for rental property tax wise? Do I pay quarterly taxes? What all can be written off and what should I be keeping track of monthly? What forms will I need to fill out?Anything special...

Hi AllHave a friend of a friend helping with taxes/accounting.  We have a property in our personal names at closing, then afterwards we moved the deed to an LLC created some months later.   However the accountant is s...

Hi everyone, I’m trying to understand the basics of investing. I’m confused on whether or not I need to start with an LLC or not. I recall on a bp webinar if investing in single family homes you don’t, but for multi’s...

Question: We closed on a property in November 2018 fixed it up and rented it the couple that wants to buy it. They agreed to buy it once we crossed the 1 year mark so that we could roll capital gains out into a 1031 e...

My wife and I are approaching 2 years of ownership and use of our only home as our primary residence in which case we should qualify for full $500 exclusion of capital gains upon sale. The problem is she is not on the...

I see a LOT of people asking questions about LLCs, Titles, Insurance etc that don't want to seek out a lawyer.  Here's a few resources to get you closer to the answer so that you can figure it out yourselves, or get c...