Hi all, looking for some advice on how to get tax break on regular job income by buying real estate w/o having LLC or meeting 750 hour real estate hours invested?
This is my first purchase (finally) I know that if I use the 203k I’ll have a lot of HELOC available to pull out for a second property. But I’m not able to use the first time homebuyers grant. My question is if I was ...
Hello BP Forum,We just bought a townhome in Harvey, IL which is already rented on M2M. Also closing one more in Dolton, IL which is a Section 8 property. This is also rented M2M and is a Single family home.Looking for...
I just purchased my first 3 rental properties with 2 mortgages. If I pay all of the expenses with my regular 9-5 income does that count as a tax deduction? And if it’s not what is it?
I have a question about regular lease commercial property.Its only 2 tenants and they have 15 year lease, but no tax or insurance on them. Can I convert after purchasing amendment to the lease and change it to NNN le...
Hello BP Members,I’m fairly up to speed on general benefits of an LLC. In this post, I’m trying to learn more about a Series LLC.- general understanding - how they work - advantages (if any) they may have if buying mu...
Investment Info:
Single-family residence wholesale investment.
Purchase price: $119,000
Cash invested: $23,000
Sale price: $185,000
purchased off market, distressed property obtained via mailings...
I have been investing in residential real estate since 2012 first in California and then in Florida.
My cash flow has been slowly and regularly increasing during the years thanks to the cap on property tax increase ...
Hi all
I'm househacking a two-flat home in northern Chicago (Evanston). I know I want to add an ADU, either in the basement or the back yard.
Since parking is a bit sparse on our one-way street and we use the drivew...
Has anyone ever taken extended time off (2-3 months) from their regular job to focus on their real estate venture? I'm interested in purchasing a multi family, that will require a good amount of work. After the purcha...