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10 April 2024 | 3 replies
Can she qualify as a real estate professional under IRS rule to reduce tax burden on my W2 income?
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11 April 2024 | 2 replies
Using a 1031 Exchange we were able to defer capital gains taxes and upgrade to the VRC.
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10 April 2024 | 12 replies
When you decide on your ideal structure that you feel suits your market and SFH the best, a quick tip would be to look at the reviews from both tenants and landlords.See the complaints (There will always be many) and see the replies.Nobody is perfect and folks that try, also make mistakes.The PM's replies will dictate how they "breath" from an operational standpoint.IMO all reviews should be replied to and explanation's offered.Just my opinion 🙏👍
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11 April 2024 | 0 replies
From favorable lending rates to tax benefits for homeowners, these policies are designed to encourage buying and selling activities.
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9 April 2024 | 13 replies
Tips:1. great photos2. good description. be clear what you require to cut down on wasting your time.3.
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11 April 2024 | 6 replies
Managing multiple properties does come with its own set of challenges, like juggling different maintenance issues, taxes, and possibly even varying market conditions if they're not all in the same area.Here's where your financial goals come into play: Are you looking for a more hands-on investment with potentially higher cash flow from the get-go?
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11 April 2024 | 6 replies
My tax records aren't showing a zoning and neither is my MLS Advantage.
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12 April 2024 | 40 replies
i'm wondering if we're "doing something wrong" here. we have a strong RE agent and attorney team. they do everything they can; maximum exposure, covering our a**ses, etc... and deals keep falling through.it's a very nice (subjective, i know) piece of land (1 acre) in residential chicagoland.does anybody have any tips to get it sold?
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11 April 2024 | 5 replies
Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low.