Hello Biggerpocket members,I am living in Portage, MI. I have been working with a CPA for tax report. I have two LLCs, but based on the CPA suggestion, I am thinking to change one LLC to S-corp in an attempt to reduce...

We applied for and received two tax deeds on adjoining parcels in Mobile last year and are looking into quieting the titles on them. A little context: the parcels belonged to an elderly gentleman who is now deceased. ...

I'm a newbie who bought my first property a little over 2 years ago. Bad news is, as far as cash flow, it's a little above breakeven. Good news, due to the real estate boom, I could probably realize about $120k gain a...

I notice a decent amount of homes in my area have a trust listed on the title as the owner. This was surprising to me. What are the most common reasons average, non-investor folks would have their home owned by a trus...

Hello guys,

I am trying to figure out if Renting out my primary home of 10yrs is a good decision or not at a $400 positive cash flow.

The home has a mtg of $600 and rent for the tenant in mind will be ...

We decided to buy a new house and to rent out our current house. We have other properties, all of which are held in an LLC. So our plan is to deed the house from ourselves to our LLC. We consulted our CPA, told him wh...

Two years ago myself and a friend purchased a distressed single family home and rehabbed it. We purchased the home & rehabbed it with cash and unsecured loans. A quick break-down of the numbers look like this.

Pu...

Curious about where people have formed their entities and why.Thanks!

Hi all,I have a scenario that I would like to run by the forum members to determine if there are any next steps I can use:In 2014, I bought a small 50 X 50 lot in Coeur d Alene, ID. The purchase transaction was throug...

Hi BP fam!Here again with some exciting news... I'm buying a house!! Closing is scheduled for the 27th of this month and things are progressing as they should. I am super excited as well as nervous, but feel more read...