The leasing broker has to work a crap ton for their fee to get them to your site over others.If you decide all you can get is a higher risk small to no credit tenant then you may want to only start paying the fee once open and first months rent received on time and have a clause if the tenant goes bankrupt or closes the fee is no longer owed to leasing broker.

Just finished up a nice flip is south city that will close on Wednesday.  

I calculated my recapture by reviewing depreciation claims on my previous tax returns, but I wasn't sure what to do about 2023 since we owned the property for almost the whole year (closing was mid-December). 1) Do I still claim depreciation in 2023 for the time we owned the property, even though the claims are on the same tax return as the sale?

We closed on my very first investment property.

Purchased replacement property for $1M using the full $480K cash to cover down payment and closing costs.

The title of the property would be transferred to the new LLC when you close on the refinance.

If you have a “large” gain (say over $100k after selling costs) and don’t want to do a 1031 exchange you should not close on the sale until December 2024 to make the profit tax free.

If you even come close to considering this stuff you need to research so so much!

Get the loan having someone pay closing cost and interest for me in return I had to split 50 percent of proceeds.

Quote from @Danielle Cage: I am closing on my first rental that is in Kane County IL and am looking for a quality IL lease agreement to use.