I have multiple business entities owning real estate as many of you do.  LLC 1 owns 5 properties, LLC 2 owns 3 properties, etc.... I can't get a straight answer from my CPA so curious what you guys do. I am looking to...

Hello all!Just starting investing in the Chicago land area and was wondering if anyone has a good CPA person on their team they can refer me to? Thanks for the help!

Hey BP, 

Long-time lurker, first-time poster.

I am located in the Philadelphia area and looking for an accountant for my 2021 filing. I bought my first 4-plex apartment in Philadelphia around October. I am curre...

I have a duplex under contract I would like to get your opinion on itBrick duplex 2 bedroom 1 bath each unit. Each side rents for $600 purchase price at $130,000 monthly payments will be $980 includes insurance and ta...

Hi,I have a SFH LTR in Dover, ID and asked my accountant about ways to save more on taxes. He said I could get a mini depreciation study where I could get all the depreciation deductions in the first 5 years instead o...

Heads up! I've been digging into Rental Hero after 20 years of managing properties with various accounting programs, plus spreadsheets and file folders. I'm so relieved to see there's something specific to real estate...

Hi BP Forum!  I'm looking for an awesome real estate accountant that is licensed in Washington State and Oregon.  I did a quick search on the Forum and came up with several names and I don't know where to start.  I'm ...

Hello,
So I am a little curious about 1031 exchanges with respect to "step up in cost basis due to death". To explain more, I am set to inherit some property that was correctly put under an LLC and was purchased thro...

I've got a HELOC balance of 60k at 5% interest and the monthly payment is 1% of the balance so around $600 a month. Normally when my rent comes in every month, I have 6-7k leftover after my mortgage payments and other...

I read through this post (and several others) and am trying to grapple with the idea of UDFI:https://www.biggerpockets.com/...Scrolling down a bit, Chris Wooten states the following in the comment section: I’m not a C...