Hello, 
I live in IL, I am a first time investor looking to start by Flipping a few homes to build capitol and to build a better relationship with my agent then from  there in corporate the brrrr strategy.
I would l...

I'm in the process of converting my garage to rent out as a short-term rental.I want to know if I decided to take advantage of the deduction to offset my w-2 taxes, whether I would get a refund from the IRS.ExampleAss...

The first time I rented, a realtor did everything for me.  He charged a 1.5 sales tax against the monthly rent fee.  I did not specify that I would be charging sales tax when I accepted their application and approved ...

I have a rental property in service and depreciated since 1993. Purchased for 110, selling for 146. Don't want another rental right now, so 1031 to a rental not what I'm considering.What are issues with 709 generation...

Hello Chicago, Newbie question here on tax reassessments. 1. Just got my reassessment notice and the value went 50% up. This doesn't mean that my property tax will go up by 50% correct? Is there a way to estimate the ...

In August of last year I purchased an empty lot in an up and coming area of Chicago. I am currently building a new construction single family home with this land. Since I am new to real estate investing I was wonderin...

Hi all,I'm doing some research on mobile home park investing and not sure where to look. How does one estimate the cost of annual taxes for a mobile home park? Is the amount listed on the county website, similar to SF...

Unfortunately my wife and I are planning to divorce the beginning of next year.Based on the current market we will make about 100k in gains and will have only lived there for 1 year so will be paying short term capit...

Is imputed interest for the seller calculated off the entire amount or income received. eg is it taxed on the remaining balance like 200000 with 2 percent tax and 2000 a month payment would be 333 the first month, 330...

Hi! I'm new to this forum, seeking help from anyone who might have pursued the same situation I'm interested in.I'm a US citizen, residing in the UK. I'm interested in starting a sociedad limitada (SL, equivalent to a...