John Looplas
Is it better to have low assessed Land / Improvement value ratio?
I bought a property in CA for about $1.5M. I just got a letter from the assessor's office that the new assessed values are 1.35M for the land and $150K for the house. The total is correct but the ratio is clearly wron...
Francisco Sanchez
Title Company mis-sent funds to wrong person 😳
My title company in NWI has two files of mine and mistakenly sent two draws to the wrong person. The person they sent the money to already spent it and says they will pay it back but keeps missing the deadline. The ti...
King Kramer
Looking for feedback on Anderson Business Advisors
Hey BP fam! I am looking to sign up for services from Anderson Business Advisors and I’m looking for some feedback from any of you who have used or currently use them. What’s been your experience? Thanks for your help!
Charles Heyward
Knowing Homebuyer Tax Credit Inside Out
Recently Congress approved a legislation that will extend the first time homebuyer tax credit beyond its initial November 30 deadline and expand it to even wider group of homebuyers. Here are some facts you need to kn...
Ken Quella
Cross Year Taxation For A Flip?
Hello Everyone,Having trouble locating some answers on this. Answers on google seem to be a bit spotty. My business partner and myself purchased a property in 2015 and its going to market in a few weeks. We have se...
Max Philip Henry
Question On Homestead Tax Exemption
Good afternoon,I was hoping someone could give me some clarity when it comes to filing a homestead Tax exemption on a house hack. I currently live at my rental with a few other roommates, and I've heard conflicting ar...
Adam L.
TurboTax: 3-person LLC invested in larger Apt Complex. How to TT?
So got a question...this is my first time doing this...I'm trying to fill this out in Turbo Tax and understand what to do.I and 2 friends pooled $100k into a small LLC to invest in a large apartment complex purchase (...
Adam Huynh
Is it unprofessional to request 21 filing over next 30 days?
Hello bp,First time user of professional tax services. Things have been delayed and last known contact about filing date was a few months ago. It is now August and I've made a request for the next 30 days for my taxes...
Tammy Tivis
CPA referrals for Pueblo, Colorado Springs or Denver?
Hello, we are fairly new to real estate investing but have another successful business. We are actively looking for rental properties and also venturing into a flip with a partner. Our CPA is not a real estate investo...
Sami Davis
City of Chicago Tax Certificate conversion to ownership
I got awarded tax certificate for a vacant lot next to my property. I highly doubt it will get redeemed. How do I convert certificate to eventual ownership and time process. Please share your experiences in City of...