Maggie Hamill
Bank ties two mortgages together and use sale of one to pay down other?
15 January 2024 | 4 replies
Our question is can this be done tax-free?
Nolan Mahoney
MARIJUANA use in rental in IL
16 January 2024 | 12 replies
This article that outlines the Cannabis Regulation and Tax Act explains, "The Act applies the restrictions of the Smoke Free Illinois Act on smoking cannabis, and provides that property owners may prohibit the use of cannabis by any guest, lessee, customer or visitor.
Justin Goodin
Underwrite difficult multifamily deals with these 7 easy steps
16 January 2024 | 1 reply
Marketing, payroll, and real estate taxes just to name a few.3.
Jack Phillips
Legal Descriptions - Wholesaling Advice
15 January 2024 | 7 replies
The legal description is in the property deed and the property taxes roll.
Tom R.
Would you rent to someone with a past eviction?
16 January 2024 | 16 replies
Excerpt from our rental criteria:RESIDENCE/RENTAL HISTORY1.We will examine the most recent five years of residence history and all legal history.2.Home ownership will be verified through the tax assessors office and/or credit report.3.Rental history will be verified through the property owner and/or rental agent. 4.Rental history reflecting any unpaid past due rent, damages or fees will result in denial.5.Rental history showing excessive property damage, excessive noise, or unruly behavior will result in denial.6.Three or more notices for failure to pay rent and/or to comply with the terms of the rental agreement, within a 12 month period, will result in denial.7.A person with an eviction or unlawful detainer on their record may be approved if full restitution has been made.
Mario Morales
Not sure how to interpret this-Schedule E - Is this good or ok ?
15 January 2024 | 9 replies
It doesn't count as an expense on the tax return.
Darlene S.
Avantstay pros cons for an owner? Short Term Rental
16 January 2024 | 32 replies
They remit the taxes.
Andrew Hale
Can Real Estate Be A Side Hustle?
15 January 2024 | 11 replies
Plus numerous tax advantages.
Mike Fortune
Portfolio Restructure for Daily Management and Legacy Architecture
15 January 2024 | 2 replies
Now that I have the time, I'd like to organize my portfolio to maximize legal protection, minimize taxes, position for growth, and not leave a headache for my family.