Gina Baker
Applying for an LLC when owning properties in multiple states?
I currently own a buy and hold rental in Baltimore, and plan to relocate my primary residence to the DFW area. Once I settle in, I plan to purchase another buy and hold rental in TX. In which state should I file for...
Roochita P.
What do you do with warranties, installation materials, etc.?
How do you store all the installation materials that come with everything you buy for your properties? A great example: the allen key that comes with a new sink. Similarly, what about installation guides, warranty inf...
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.
Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors
2024 update: While not directly related...
Jenna Y.
Help with switching ownership structure from Joint Tenancy to Tenancy in Common
Hello - I'd like to change ownership structure for a property (my first deal) from Joint Tenancy to Tenancy in Common. Same owners.Looks like I'll have to do the following. Is this correct? Grant Deed: Fill out, notar...
Dustin Phillips
Some Help Here
I had a negotiator who was doing well. She was negotiating files getting back with me on a regular basis but now, out of the blue, she is MIA... Her phone is shut off, and no reply to emails (good times)...
So I wil...
Chris Da
Drug addict/Convicted Felon in unit...Hummm
Hello all, has been a long time...Anyway, need some advice about a situation I had tonight in PA.
About 4 months ago I agree to rent a unit to a girl who I was told, had an alcohol problem in the past, but has been c...
Alex Babayev
Landlord w/ 6 Properties & Multiple Insurance Claims WHAT TO DO?
Hello BP World, I currently have 6 rental properties that are all in my personal name. Over the years I have had 3 different claims at separate properties some that I no longer own. My problem is insurance companies a...
Darius M.
Housing Complaint Filed
I was recently contacted by a personal homeowmer about a possible wholesale deal. The house has no mortgage on it but when I looked on the recorder of deeds website, I noticed that there was a "lis pendens" on the pr...
Andy Bedard
Properties in multiple states. ? Taxes?
I’m a small investor (own some properties in Denver) and am looking to purchase more in better roi states… can’t decide if I should try to stay in one state or go where the deals are? From a tax standpoint. Is it a pa...
Hamza Ahmad
Looking for a tax professional to
I have always only filed my personal taxes using TurboTax. I'm finally now wanting to outsource this responsibility to a proper tax professional (CPA, tax attorney, EA, etc). How did you find your current accountant? ...