I heard that if you are a sole member LLC that you must pay income tax on the money that is in your accounts. But you will pay less taxes if there is more than on member. How does this exactly work? Does having an LLC...

Opportunity zones in Phoenix are a hot topic. This article explains what they are and explores both the good and bad of Opportunity Zones here. Thought it might be useful for current and future investors in Phoenix, S...

Does anyone currently use this medium for their Ira? I've been getting some conflicting information about the "checkbook" approach.

Thanks

Alright BP I love business discussions and I have what I feel is a good question for you that popped in my head while listening to one of the podcast earlier that I want to get your take on.  How do you pay yourselve...

Hi there from Arkansas! I have posted a couple of threads here regarding our situation, but I'm going to do it again in the hopes of getting some new opinions.We currently own 2 properties. Property A we purchased in ...

OH.  Tenant didn't pay. After filing eviction (as LLC), they agreed to move out the day before hearing, signing agreement and turned over apt and keys. Lawyer dismissed the case the next morning at hearing, so not for...

Hello BP Nation,
I have a rental in Austin area with about $130K equity in it that I can't get a Heloc on because Texas laws on non owner occupied properties. I get a decent $400 per month cash flow on it, but it's ...

My wife was briefly furloughed (as a doctor) and we were concerned about Rental income at a short-Term stay property (we own three single family homes, including our primary). Turns out we made a lot of money during t...

First off, I know I should contact my CPA, but I'm trying educate myself on this matter so I can ask the right questions.

I will try to keep it simple.
"My share" of the deal is as follows:
I have a $1,000,000 Option...

Hello BP Peeps,Can someone please clarify, if  REO Properties mean the bank has removed all Liens and/or money due on the property?Or does it simply mean the property did not sell at auction and the bank still owns th...