Hi BPers, I recently bought a foreclosed property and while rehabbing it, realized that the next door house was vacant. Upon some investigation I found that it was underwater (mtg owed $400k; house is worth about $225...

Here is the deal, over the course of the next  year or two I plan to purchase multiple small apartment complexes across the US. My original plan was to keep it "simple" and have 1 LLC for X apartment complexes until i...

I understand the value of a great accountant, lawyer and insurance agent, however I am just curious, as a novice investor, how much I should expect to pay for 2014 taxes.For years 2012 and 2013, I paid $925 for an acc...

Does anyone have a good suggestion on the best way to handle setting up and taxing a single family home rehab and flip?My investor on this this project purchased this home using cash and the property is in his name.  ...

Can a managing member of an LLC live in a rental that the LLC owns without paying rent? The positve cash flow on other properties within the LLC would cover all expenses on the rental they would live in. Also, how wo...

Looking for tax advice. I apologize for this lengthy question.   I have a somewhat complicated situation.  Both sellers have a tax lien roughly totaling 300k. Could be an exaggeration but I'll get more details as this...

Hello hello! Super excited to be here and take our first giant leap. I’m very interested in land flipping (also single family homes) but wondering if tax auctions are the best place to start. Once found, are there pre...

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,500

Cash invested: $1,500

Sale price: $86,743

This deal I bought with the intention of flipping. It came w...

Looking at finance options on a MF home and struggling with either getting it paid off in 10 years at 3.375% or stretching the loan for 30 at a rate of 4.125%. The difference in the monthly payment is $347 dollars. In...

I've been considering hiring an accountant to handle the accounting for my short-term rental properties. For those of you that have hired an accountant, was it worth it? Also when looking for someone to handle my book...