Rich Hupper
Tax increment financing
Hi I am trying to learn more about tax increment financing.1) What is it2) Who can apply for it3) What types of properties can benefit from the strategy4) Does it replace financing through a bankPlease share your exp...
Josh Jennings
Building residential units above commercial space (in Chicago)
I own a commercial building, one story, typical Chicago lot (60639), and I pay the crazy taxes (17K year) for it. I'm new to this RE world, but in doing research, I noticed many of the buildings like mine, with resid...
Matt Streeter
1031 rental properties into farm land
We currently own two nice duplexes, they have been totally redone and are set to make money. we never intended to sell them, so have accumulated a lot of write offs against them since we started in 2019. this year w...
Aakash Shah
Commercial Building Negotiations
I am a partner in a medical group where a single owner owns the building. We are trying to negotiate for me to buy into the building. The owner is only willing to allow me to buy 49 percent of the building but with de...
Renae Bliss
Need advice on 3/3 duplex with Tax Delinquencies 2010/2011
I have came across a 3/3 duplex that isn't OFFICIALLY listed on the MLS, but is delinquent in taxes for 2 years now. IT seem the owner of the property has a couple others that he can't pay the taxes on either. It's ...
Robert Plumpe
Thoughts on a commercial office building?
Hey all:Just wanted to get some ideas feedback on a building I'm looking at...It is an office building that is single story/brick. It is solidly built, in pretty good mechanical condition, but it is a bit dated and w...
Sean Peters
What would you do: Make $400K on a flip, or $2500/month cash flow
I'm Wondering what people might do in this situation. I was able to find a multi-family property in a good market that has potential to be converted into condos, or held as a solid income property.If I decide to sell...
John Matthew Johnston
Quick 1031 Exchange question
Doing first 1031 Exchange from property to property. My question is once I sell my new property will I have to pay double capital gains taxes( like for both properties) or just on the new property. Assuming of coarse ...
Paolo F.
Information on depreciation
Good morning,as I am very small I am trying to fill my tax return for my duplex by myself.The IRS documentation seems clear but not on houses depreciation.My doubts are:1) Should I start using depreciation from the fi...
John Barry
Pros and Cons or building condos for sale vs Rentals
My father owns a piece of property that currently has a triple decker on it. Years ago he started (then paused, now actively pursuing again) tearing down existing building and building a 21 unit building on it.
Loo...