Looking to purchase tax liens in cook county.  Would like to know the approximate fees attorneys charge to file the Sce 22-5 Notice and then the cost to obtain order for tax deed.  Any referrals for attorneys would be...

I just purchased my first two apartment building via syndication last year and we collect a 2% asset management fee. My CPA is now telling me that this asset management fee will be subject to self employment tax. I ...

Hi,In a lease option assignment, how does the seller account for the option fee (that was assigned to me, the investor) on the HUD1? I mean, the full purchase price will be on the HUD1 along with the option fee (which...

I just purchased my first two apartment building via syndication last year and we collect a 2% asset management fee. My CPA is now telling me that this asset management fee will be subject to self employment tax. I ...

I recently purchased a tax lien from the state of Alabama. The tax sale date is 5/23/2017. I went by the property multiple times. There was no indication of someone living at the property while waiting to the certific...

Looking for clarification here.

Contract price:20k, assignment fee 5k.

If I purchase a contract for 5k and close on the home for 20k, would I be able to write off the 5k assignment fee in full for the tax year, or ...

I'm taking applications for a property owned in an LLC. They are always in cash. Do I need to deposit this cash into the LLC bank account in order to do things the right way in terms of the LLC, or is okay to just kee...

I recently purchased a property from a wholesale deal. There was an assignment fee associated with the purchase of this property. I realize I need to ask a Tax Professional to get the correct answer, but am wondering ...

I've been considering adding more space to my duplex. My dilemma is that if I pull any permits, my property taxes will go through the roof. If someone is holding a property, and plans on doing work up to code why woul...

Hi Everyone - My question is in regards to tax returns.  I'm interested to better understand if an option fee, for a property you successfully close on, is an expense, or somehow added to your basis and depreciated.  ...