Hi all,I've recently purchased a property in Wayne county (not the city of Detroit) where the sale price was $77,000. The property has an assessed and taxable value of $55000. This property was originally purchased in...

I've asked this before, and came away MORE confused. So let me try again.

Another poster on here in an older thread said: "In a few years when my units are paid off, I can keep the full rents as profit." (p...

Hello to my new BP team,Background:  I'm a Chicago native, I come from the IT sector (8 years), jumping ship and getting my feet wet in real estate investing full time begins now.   Goals:  Near-term, I'm looking to g...

Hi there, While finalizing my 2018 taxes, I found an error on my 2017 Schedule E, Depreciation calcs.In 2016, my accountant used the straight line depreciation method for "Appliances".  The following year, I used the ...

Hi,I'm buying a single family house. Listed as 1,566 SQFT. The appraisal came back as 1,419 SQFT (147 SQFT difference). That's almost 10% and I think it's not negligible. Need advice and tips on what I should do next?...

Does anyone have any recommendations for reasonably priced tax appeal services for Cook county?Would prefer working with someone who charges a flat fee.Thanks in advance!
Lou

Has anyone reading this every successful protested their tax assessment?  How did you win? What was the outcome?

I've heard many times that people shouldn't appeal their property tax assessment because there is a chance that the value could go up instead of down.  Has this actually happened to anyone?  Or is this a rumour that t...

I have this house under contract with outstanding liens in violations. We were able to mitigate those liens down to zero!!!!!!(from 1.2million!!!!) Which is from what I hear an amazing feat as that rarely happens. I m...