New to BP. While networking I meet a realtor that said he started a LLC to run all of his long term rentals though. Any thoughts on this? Would it be wise to do for short term rentals as well?
Thanks

We have a NPL on a SFR property in Illinois with a foreclosure sale date next month. Borrowers finally came to the table for a loan mod earlier this month (they have been disputing the debt for a few years). They subm...

Hey everyone. I have been reading through this site for the past few months, mostly lurking and trying to let the info soak in. I'm in the early stages of forming a RE Investment company (partnered with my dad).
...

Hello all,

I wanted to see how you guys are dealing with accounting issues of owning multiple LLCs? Do you have a separate bank account for each LLC you own? Or you have a main bank account for the primary LLC and us...

Hello all,I just started looking into tax liens and learned that the interest rates have dropped a lot in counties where the auctions are held online.  I wanted to get a general idea of how much people are seeing in t...

Is there a way to use investing in real estate to help offset someone's taxes? The scenario is a single member LLC filing as an S Corp. The tax burden is high, and I was wondering-if funding were not an issue-is there...

What are the real tax benefits to the seller when transacting via purchase money mortgage...I can see if the property is not a primary being taxed at capital gains for the sale...but what happens when the seller files...

I've run the numbers several times, changing different sections to see how it would affect the deal. I just want to get everyone's input on it. If it were you, would you buy it?
So here's the details.
6 unit build...

Thanks in advance for any advice, suggestions and info!I’m from Buffalo, NY and have been looking into buying a double as a primary residence and my first investment. I bought my current house in 2009 when I was 21 an...

Hello! Wanted to discuss the more complex tax deductions for short term rentals/Airbnbs. The two STRs I own are 100% exclusively used as STRs. I'm familiar with all the basic deductions i.e. cleaning fees, utilities, ...