Domineque Taylor
Why do people invest in Illinois with taxes so high?
I live in Illinois in lake county and I want to buy property were I'm at. (Currently renting). But then I thought about it and wondered what keeps people buying rental property in Illinois when we have the second high...
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Understanding Tax Advantages with Real Estate Investing
Real estate has long been a favored investment avenue due to its potential for appreciation, steady cash flow, and diversification benefits. Beyond these financial gains, savvy investors also benefit from various tax ...
Stacey Cole
Homestead tax exemption
What advice would you give someone who owns a property but does not live in it. The owners address on their drivers license shows the property address and voting card shows that address. However, the own did rent this...
Aaron Smith
Capital gains
BP Tax Gurus,My question is regarding short term rehabs. I know that if you hold a property for greater than 1 year, its taxed at a long term capital gains rate (15% for most people), and less than a year, it is shor...
Robert Gailie
1031 exchange or tax deferring?
Hello all! I am going to sign contracts on my first flip on tuesday. We did well and made big profits and the experience was incredible. Now I want to avoid paying taxes if possible. Do any of you more experienced fli...
Michael Couto
Options buying investment property off of a relative.
Hi All,It's been a while since I've been on this forum, although I am out there making moves! I have a situation where I can buy a property off of an aunt for a really good price. I want to see what options are out th...
Nino P.
Please rate this 3 unit commercial deal
Hello friends, I am currently working on a deal directly with the seller that seems to have potential but also a big red flag. Hoping for some sound feedback. I apologize in advance if I ramble, trying to provide as m...
James V Sciales
My CPA is very vague.. is this normal???
Hello I am a young entrepreneur. This year I have done pretty well and am blessed and burdened to have quite a tax bill coming in April of 18 looking to be around 40k When asking my CPA what I can do with the money to...
Steve Vaughan
Selling massive Senior complexes at 94. Millions in tax savings?
Ran across this in my little newspaper today. A local guy is selling 3 massive Senior Living Centers in WA and 1 in ID. He used to have them across 21 states. He is 94 years old. He owns them in an entity, of course...
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Cook County Property Tax Appeal Process
You may have just looked at your property taxes and were shocked at the amount you are responsible to pay. Property taxes are a significant financial burden which makes it all the more important to make sure your prop...