Hello everyone,I am new to tax foreclosures. Any advice would be greatly appreciated! I have came across a property that has been abandoned for 2 years. It needs a lot of work, but has great potential. The owner has n...

i opened my corp in July and wasn't able to take a wage as  the corp made like 6-8k can i just take a distribution, what would you recommend i do?

I own 4 homes with mortgages, 2 are through the VA and 2 are conventional loans. I have over 30% LTV in all 4 homes. My question is should I transfer the homes over to my LLC? I know the down side would...

Hello, I am in the central Florida area and I have always loved the real estate venue but time and money held it at bay. Now I have the time but not much money but you have to start some where so here I am. I have res...

I came across this site last week seems to hold a lot of information. About 2 ½ years ago my wife and I buckled down and did Dave Ramsey’s Financial Peace program at our Church – we have been debt free for a littl...

Hi BP, I have a property that I’ve been holding for 5 years. It’s on a 30-year mortgage with ~$130k remaining at a 5.25% interest rate. my monthly mortgage + expenses = 1,350/month and I bring in $2,800/month in renta...

Hi BP,I have searched a bunch of different places and none of the articles that I have read and seen don't mention this so I thought that I would through it out to the community.Here is my situation:- I have a rental ...

Hi BP!I currently have one rental property (primary residence turned rental) and this will be my true investment property purchase and wanted to make sure I'm on the right track.Anyway, my agent who is also a builder/...

Last year I began investing in real estate and will need to file taxes for 2019. I have an LLC with 2 single family homes that were both purchased in 2019 and used as buy-and-hold rental properties. Since this will be...

Is it recommended to have 1 bank account per property? Seems a bit cumbersome. How do you guys manage your rental accounts?