Tanya Maslach
Who pays - Landlord or tenant?
11 January 2025 | 15 replies
Maybe the P trap under the sink is not filling with water correctly and allowing sewer gas to come back in.
Victor Yang
Taking a small loss to save on taxes?
19 January 2025 | 7 replies
I am also not a CPA but @Avery Heilbron is correct.
Bob Avery
Understanding BP Lease Fields
9 January 2025 | 3 replies
Am I misinterpreting the purpose of the ___ fields, and they just mean "modify this in some way", and in the (G) instance the correct modification would be to delete the payment types which aren't accepted?
Andrew Self
Mortgage Lenders for LLC
18 January 2025 | 11 replies
If it's on your credit, you are on the hook for it.However, it shouldn't effect the loan process too much, a simple Letter Of Explanation should be able to get the job done with the correct investor.
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
27 January 2025 | 9 replies
@Charles Perkins is absolutely correct about "collecting all receipts, properly tracking all income and expenses and your basis for all assets properly documented and recorded."
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
There is enough demand on the north side you should never have a tenant issue if you do the correct due diligence.Secondly, lots of fake applicants lately.
Frank Hotard
First Home Issues and Strategy
10 January 2025 | 4 replies
For the HVAC, I'd just question if that's the correct and best way to go about it, but I'm not an expert, but certianly you won't get interest listing a unit for rent or sale without HVAC.
Troy Smith
CPA tax advice.
9 January 2025 | 11 replies
@Troy SmithThe advice you received is correct.
Michael Martin
Hello BiggerPockets! New PRO here
11 January 2025 | 2 replies
Asking in the correct forum will get a better response.Read the RULES!
Kyle Kulhanek
Retitling a property to an LLC - Chicago
23 January 2025 | 7 replies
Converting your condo into an investment property and transferring it into an LLC is a smart move for liability protection.You’re correct that retitling the property involves Chicago’s transfer tax, which can be substantial.