I originally bought this 40 unit apartment complex in 2021 in Nw huntsville, Alabama and since then we've maintained a sub 10% vacancy rate year over year. It wasnt until this year that people that moved out seemed to...

A question that we get:
"Does the IRS require site visits for cost segregation studies?"
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conduc...

I own two, two unit properties in two different states.  I co-own both of these properties with a family member, but for the better part of the decade the management, along with the lion share of associated expenses, ...

Hello BP,
I have been a very active private money lender since 2014.  I have a single member LLC (me as the sole member) that lends only to real estate investors.  That is I do not lend to owner occupants.  I only le...

We are filing our taxes for an multifamily property we purchased in October 2022. Regarding depreciation, I wanted to confirm if bonus depreciation (100% allowable for 2022) is only determined by completing a cost seg...

Ive started this project where Im helping people stay in their homes, rentals or personal (if you have any questions about that feel free to contact me) as well as help them with their adjustable rate mortgages. I was...

My business partner and I are trying to increase our residential contractors license building limitations from 500K to 1M in North Carolina. One of the requirements is to get an audited financial statement with an unq...

I came upon this recently and wanted to share it because I'm not seeing it in other posts.  The Bipartisan Budget Act of 2015 effective January 1, 2018 requires all LLC partnerships to adopt a Tax Audit Agreement.  Bu...

Hi BP! How do you pay for and time the various due diligence reports that need to be completed during the due diligence period of an apartment building being under contract? I know that several DD reports have to be d...

My partner and I working full time with W2s and our income is above the $150k limit. AFAIK We can not use the rental loss to offset our W2 incomes without RE professional status.I understand it is usually tricky to cl...