Hi Everyone,I received a notice from the IRS saying My LLC that has four members was charged a fee because according to the IRS we "filed the partnership return late."The amount is $4,920.  ($205 per partner per month...

Greetings:
I am a small timer but I own three rental properties.  Currently, I have a CPA that I have been using a few years.  I am not an expert in this area, but it seems that I am the one that has to point out to ...

First post, first possible deal, and I would love any insights. I'm in Minneapolis, where RE isn't cheap, but the market is still very workable.  My plan is to fix and flip on this one. My cousin and his wife are desi...

Here's my situation:My 2/1 house is worth $340k (I live there and it's my only property), and has a conventional loan.  I still owe $150k on it, so I have $190k in equity.  I've lived here for 5 years.I also have $70k...

Good afternoon, and thanks in advance!I have been talking to a woman about selling her rundown house to me.  The ARV (given to me by a Realtor) is $25-28000 max.  From my conversation with the seller, we have calculat...

Hello BPers forgive me as im trying to do my best with the sellers financials provided. Im trying to analyze this deal to see if it makes sense to purchase and if so at what price.The Knowns:All utilities are thru the...

Hi BP,I'm deciding whether to rehab and resale or rehab and hold for rental. Here are the details:Single family, Purchase price $25kRehab costs $23kARV $75kEstimated profit for flip is $10k (13.5% of ARV), or monthly ...

Hi BP!I wanted to get some thoughts and investment advice on what I should do with the gains from my condo if I were to sell it. First, here's some background on why I'm strongly considering selling my condo...I bough...

We are interested in knowing something about investing in Bridgeport Ct.  Is Bridgeport a C town and how does in compare to Waterbury Ct.  Is Bridgeport appreciating?  Are thre Multi familys available in Bridgeport?  ...

Age-34, Single in ArizonaCurrent Net worth-$24K USD in Stocks, 10K in Roth IRA. *I am just starting to put money away as I cleared all of my debts in the last half year.Debt-$0Salary-$75K gross, which is $52.5K N...