Hello, I procrastinated and now I beg the community for help. My wife and I formed a partnership LLC this year and bought our first property.  I have filed the 1065 and did not include mileage expenses in the 1065 sin...

Apparently since 2012 it has not been necessary to prepare 1099-MISC's related to rental activity unless the activity is a trade or business. See this article:
www.taxcpe.com/blogs/news/1099...
What do you think - ...

So my first tenant is moving out after 9 months. I put my add out to fill the vacancy that’s coming up and have been getting a lot of interested and good quality tenants lined up to come look at the house.However one ...

What is the difference between portfolio loans and DSCR loans? Or are they the exact same thing?

can you write off all your licensing expenses on your taxes? Money to take your mandatory courses etc? 

           From what I have researched and learned one of the pre screening rules it that a tenant must make at least 3x the monthly rent which is a logical rule that makes sense. but what about an expensive market wh...

For those who use a property manager (particularly for out of state rentals), do you have to have them listed as an employee of your Single member LLC, or can you consider this as an expense(not an employee) to the LLC ?

Hi,I have been considering buying a multifamily with a friend to live in. We would live in separate units. I have a some questions.1. The area is expensive so if we both put down 10% we can get a decent payment a mon...

Hi All! I’m currently building 2 detached ADU’s in the city of Santa Monica,CA on a current 4plex. We are mid build and the city is telling me that we need to run underground electrical from the street. This would...

BP Community,

First post...

I own a triplex property free and clear. I have buyer but need sample contract and understanding of how to put loan servicing piece in place. Any suggestions around where I c...