Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...

I have a friend of mine that has been looking at a house that he wants to get. The owner has passed and the wife is not on title. The wife and husband were married years ago and then got a divorce, they never got rema...

Hi -Newbie question. A favor, please. If you are using #s to explain something, please pull from the #s below.I am in the process of buying my first long-distance property. First the #s:$150k purchase price$50k repair...

If I want to be an individual investor, how much money do you need to have to play? Is it possible to buy some small notes in the $5-10K range?

Hi All.

A little background. I am a buy and hold investor. I did buy a single fam, fixed it up, and sold it for a profit. Then I bought my first rental property off MLS; a 3 fam in Dorchester. I have recently learne...

Hey BPers!I am currently in negotiation with a seller in Arlington on a seller financing deal, and it's looking likely we can come to an agreement that works for us both.Can anyone in the Northern Virginia (NoVA) area...

Hi, I got a call today on a house. The woman paid $79,000 for it in 2006. She knows she over paid and doesn't think she can sell it without being able to pay off her loan which would mean a short sale. She doesn't kno...

Hi BP family, We have a fixer-upper deal in Austin that we are looking at that is FSBO and off-market.  We have a handshake on a purchase price.  It'll be a primary residence and we'll be using a conventional loan.  T...

Is it typical for an appraisal to come back almost exactly what you're purchasing the property for? 

Hi Everyone,

In searching through the forums I have seen people say regularly that LLC is preferable to an S Corp for passive business income like buy and hold. My question is why?

I ask because I alre...