To my seasoned investors, do you recommend setting up an LLC or some type of corporate entity? The plans are to acquire rental properties, but with the income generated would it be better to have a business overseeing...

My accountant is worried about my home being sold some day, and the rule about 2 out of the last 5 years rule?
I'm looking for some help with the IRS rule 262 Or Publication 523.
I've owned my principal residence ...

Hello,We are new here and happy to be part of the community! My husband's parents (55+) are moving to another city (Temecula, CA) and are selling their home in Riverside, CA, valued at $915K. We love this house and wa...

I have recently seen multiple post by people saying their CPA has advised them against putting their investment property in an LLC and to own them personally.Am I missing something because this seems crazy to me?  I c...

Hi everyone,When first starting out, what did you do to keep track of your expenses, revenues, receipts, quotes, numbers, numbers, money, money, etc...? What software or programs helped you the best? Also, what were s...

In my lovely area of Seattle, the city council and the entire state government here are socialists. I live in the People's Republic of Seattle. The liberal government here believes that it is evil to make a profit.1) ...

Is this possible?

I currently have 1 rental property but looking for 2 more in 2014. I have a conventional mortgage on my current rental. I was urged by my RE lawyer to start an LLC for this property for protection. I live 2 hour...