Hello, a lot has been written about the "STR Loophole".  My situation is that my STR averages less than 7 days, I have material non-passive participation, so that I qualify for the "loophole".  I do not provide substa...

Hi all. I am in the process of purchasing a triplex with an FHA loan. I started shopping around with a few different lenders on Friday, but only one has gotten back to me with concrete numbers after I submitted a loan...

Hi! I was seeking some insight from CA based Loan Officers (specifically independent LO’s) regarding how you got started, your day to day, and compensation. I am currently W2’d working on a team for a mortgage company...

I’ve been searching for a 4 unit turn key house hack in Chicago in my price range since September and haven’t found not one that cash flows or the ones that do flow is so minimal it’s not worth it. I’m pretty sure my ...

Hello all, I have about 3 weeks to nominate a replacement property for my 1031 exchange and am looking for a CPA who can answer questions regarding the tax liability when the replacement period straddles tax years lik...

I have been talking to various lenders in Chicagoland area and most of them look for 20 - 25% down on the investment property and even worst 65% commercial, 70% to value for refinance options. I was wondering if anyon...

Hello, I currently own a well established restaurant and would like to open a second location. I want to buy the next location so that I could grow my business plus begin to invest in real estate. I currently do not h...

I recently purchased a duplex with seller financing (3 year note). I would like to put my LLC on the title instead of my own name, but knowing that I will need to refinance within 3 years, will it be harder to get a l...

Hey All. All pride aside here, I need help moving this deal and finding a buyer before my option window closes! Any suggestions will be gratefully accepted.Here's the rundown: 1456 sq ft SFH + Large Workshop on 3/4 ac...

Hi BP I am stuck between a rock and hard place and was hoping someone has some advice or experience in the following situation.  I had an offer accepted on a Duplex for $350,000 and already went through all the inspec...