Chicago Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Recommendations for CPA and Attorney
I went under contract for a 3-flat in Jefferson Park that closes in a few weeks. I’m planning on living in the top floor with my girlfriend, but purchased the whole building solely under my name. Not sure how depreciation will work or how to get the best tax savings. Also, I’m working a 9-5 as well. Any recommendations for CPAs who have experience with house hacking situations?
Also looking to set up an LLC but unsure if or how it will work since I had to buy the place in my personal name in order to get the loan and there is a due on transfer clause. Any recommendations for attorneys who have dealt with this situation before?
Thanks!