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My wife and I are about to buy a house in another state to be our primary residence. I'll be moving there immediately however; my wife has to finish her graduate degree and will be moving down in May. That works out...
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So if you’re fortunate enough to win a tax deed auction, but the home is filled with original owners personal property, if you can’t get a hold of them or they do not respond what do you do with all that personal prop...
Is there a difference in property tax rates for a home vs a business owner apartment building? Specifically in Illinois.
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Last year the taxes went up on one of our properties and took a big bite out of our earnings. We had a $1,000 house payment and were renting it out to my step-daughter for $1,400 a month. The county increased our taxe...
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So the question is if I start an LLC and buy a house, will it be taxed at 4% or 6%?
The house will be a rental. Income will go into an account under the LLC.
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I did a search to see if I could find anything on this but no luck. I am about to put my personal residence up for sale within the next month. At the moment I haven't done any investment deals so I don't have any expe...
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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...
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I would like to buy a property, rehab and flip.
The situation: The owner/daughter inherited it from Mom and Dad, the property is free and clear. The property is vacant and the owner doesn't intend to ever li...
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Currently, I am filing my personal and business taxes as one. At what point should I begin doing separate taxes? One banker that I've spoken with tells me that I should begin now. Thoughts from the BP community?
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2020 was my first year owning investment property. I would love to meet with and hire a good accountant and /or tax professional who specializes in real estate investing. Previously, I had always used TurboTax for my...