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12 September 2020 | 0 replies
I kinda want to poll the audience and see what y’all think, first about me and my financial past....I'm going through a divorce and a possible foreclosure of the marital home as I can't afford to pay the mortgage by myself and she is unwilling to provide her share, not the point though, we have agreed to sell the house but a payment hasn't been made in almost a year, I've put deals together in the past for us and one way or another she ends up not signing and selling.
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15 September 2020 | 64 replies
I honestly see the commercial property status as one of the important things you will need to verify.
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12 September 2020 | 2 replies
I kinda want to poll the audience and see what y’all think, first about me and my financial past....I'm going through a divorce and a possible foreclosure of the marital home as I can't afford to pay the mortgage by myself and she is unwilling to provide her share, not the point though, we have agreed to sell the house but a payment hasn't been made in almost a year, I've put deals together in the past for us and one way or another she ends up not signing and selling.
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27 September 2020 | 5 replies
You may want to look into claiming real estate professional status if you qualify.
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14 September 2020 | 4 replies
And each of those would probably be a lot easier and less hassle to rent than either individual rooms or a single house set up for large groups.Adding kitchens and baths is a significant job but it might be worth it in long term value if you could upgrade the place to 'real' duplex status.
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27 September 2020 | 18 replies
Given the status of the building (non-paying tenant + eviction moratorium) you should expect to take a hit on the sale price.
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30 April 2019 | 4 replies
All real estate income/losses are considered passive unless either you or your wife may claim a real estate professional status.
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30 April 2019 | 3 replies
I could see it might compromise pass through tax status, but I know very little about LLCs and don’t know if they are for me at this stage.
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30 April 2019 | 6 replies
In Chicago you can look up the permit status for any address.
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30 April 2019 | 4 replies
Their responsibility is reviewing scope in question and confirming the completion status of scope.I hope this helps.