Jake Fugman
Cook County Land Bank - residential opportunities?
Hey all, Curious if anyone has had success with offers submitted through the CCLBA (Cook County Land Bank Authority) on tax burdened properties. Specifically the potential for properties other than vacant land tax ce...
Brandon Guite
Denver Area Tax Planner Recommendations
Hey Everyone! I am looking to get a bit more deliberate in developing my investment strategy around minimizing my tax burden this year. I am hoping to get some recommendations from investors local to the Denver area f...
Brian Kantor
Can you 1031 Exchange into a syndication as an LP?
Hi there. My parents are selling a commercial property they own in full that's held in an LLC (of which they are partner members. Can they 1031 exchange the proceeds from that sale into a syndication deal as a limited...
Jian Li
Profit Split on Flip
Hello All,Looking for some advice, did a flip house with a friend/partner. I am the money guy he is the rehab guy. The house is being closed on very soon. The property is completely in my name and I want to ensure I a...
Erin Elam
Tax implication on HML loans
Hello BP!I couldn't find a straight answer to this question: receiving funds from an HML ... what are the tax implications for the following year?If i use an HML this year for a flip, they fund me for purchase + reh...
Lloyd Hudson
W2 employee...filing real estate professional
I just had the privilege of going through my first tax audit and fortunately came out with a no change. However, I wanted to take a second to remind any investors who are still gainfully employed, and self manage thei...
Shaheen Ahmed
Property taxes on rentals
Why are property taxes are double or triple on rentals than owner occupied? Mobile county is more than 1%. some counties in Ohio as high as 2%+. What gives? Prises are so attractive but as soon as add the taxes….there...
Angelina Callaway
When does a Cost Seggregation Study make sense?
I have two SFH rental properties. Each are moderately updated. One of them needs a new deck and fence. When does it make sense to do a cost segregation study? Is it best to do one after all updates are made to a prope...
Dylan Dell
Wholesale Tax Implications
Hello All,
Just a quick question for the seasoned wholesalers out there. I'm wondering what the tax implications are specifically for wholesaling and which forms are utilized. Obv- my best bet is to touch base with...
Douglas Abbott
Selling strategy for a Denver SF rental
New to the forum here and thought I would put my situation out for critical feedback to the population. I have a question about how to handle a current rental property I own in Denver. I am trying to decide one of two...