Edward James smith
Still fairly new to investing
17 January 2025 | 8 replies
If you can't find existing meetups, create your own by organizing casual gatherings for like-minded investors.
Matthew Samson
Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?
30 January 2025 | 24 replies
This can create deprecation needed to offset these gains, and we don't need to qualify for real estate professional to take advantage of it in this case here.
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
When will the government wonks realize it is hard to force the free market to solve a problem they helped create?
Sumi Devi
Options to break tenants lease
1 January 2025 | 2 replies
Many commercial leases have custom clauses.
Nate McCarthy
Multi-party investing deal structure for BRRRR/House hack
19 January 2025 | 14 replies
For example, you could create a weighted structure where a percentage of profits is based on cash contributions, and another portion compensates for rehab or management efforts.Rent Payments and Tax-Free Profits:If you structure it as an owner-occupied property, the rent you pay could be shared proportionally, but tax-free gains on resale may only apply to your share, as you’d be the owner-occupant.
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
Work with a knowledgeable SDIRA custodian to ensure compliance with regulation.This post does not create a CPA-Client relationship.
Izraul Hidashi
If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 34 replies
I’m aware that thousands of notes with their corresponding Mortgages/DOT’s are packaged up and as a whole create an MBS (mortgage backed security).
Kyle Kulhanek
Retitling a property to an LLC - Chicago
23 January 2025 | 7 replies
While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.
Michael Overall
Utilities and Interest during remodel Basis or year deduction
21 January 2025 | 10 replies
Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.
Craig Sparling
Exclusive right to rep (A post Burnet et Al world) for Real Estate investors
15 January 2025 | 2 replies
However, he asked me to sign a one-year Exclusive Right to Represent agreement, as presented to him by his brokerage.His interpretation is that it applies only when he materially assists me, but I think the boilerplate brokerage language he was given reads much more broadly:"If during the term of this Agreement Buyer enters into a contract for the purchase of Property through the services or efforts of the Broker or Buyer’s Brokerage Firm, or by or through any other persons during the term of this Agreement" (emphasis mine).My concern is that, under my interpretation, if a fellow real estate investor wants to unload a property or if I get pointed to an opportunity by a former agent, colleague, or friend, this agreement could create an obstacle to moving forward with the deal.In the end, I didn’t sign.