Kiley Harris
New to This - Lease-Option Questions
I recently came across a lease-option opportunity and I have no idea where to begin. I am 22 years old, fresh out of college and working a typical 9-5 and feel like this fell into my lap and can't tell if it is too go...
Brian Klingbail
Ordinary business income vs. long term cap gain on K1
Hello All,I just got back my K1 from the accountant on a property that I purchased in 3/2013, rented out and then sold in 6/2014. The K1 has all of the profit listed on line 1 as ordinary business income and does not...
Henry Lazerow
Beware with legal non conforming units - NEW CHICAGO "POLICY"
I have noticed the City of Chicago has changed their policy on legal non-conforming. Previously you could easily get these units legalized and keep them legalized. I have now noticed several cases where we have X numb...
Kristofer Willis
Primary residence or rental: implications and advisement
Hi, all, First post and was hoping to crowd-source some advisement re: to preparing taxes as I plan for next steps. I'm definitely wet behind the ears re: real-estate investing wanted to listen to any tax advantages/...
Account Closed
Real Estate Agent | The Listing Game
Hey BP!Really quick, I finally have blocked out time to work on real estate (I’ve been working full-time at my day job BUT just resigned so now I have the time lol).I’m big on being remote yet accessible as I’m buildi...
Zachary Diaz
Renting SFH to a Church - Ministry Home
The fly on the wall finally has a question, hope you all can be of some help. Here is some background information.tldr- I have a SFH with an ADU attachment. I am worried about the legality and insurance of renting bo...
Don Konipol
Can a SIMPLE Strategy lead to Wealth?
For the past few years I’ve been periodically posting about complex, somewhat hard to implement, and time consuming strategies and tactics that I’ve used and can be used to “accelerate” wealth building in real estate....
Jephte Augustin
Mixed use property in Philadelphia
I'm looking to BRRRR a CMX2 triplex in Philly where the first floor must have a commercial section. I have a few questions I'm hoping to get clarity on. Maybe some people have encountered this before.1) As the owner, ...
Tristan Romero
What would be ideal Cash on Cash Return when housing Hacking
My girlfriend and I are going to purchase a Duplex in the general Sacramento Area of CA. Being that I am in California and its not the easiest to cash flow what would be an ideal target for my Cash on Cash return to b...
Paul Shannon
Multifamily Cross Collateralization
Hey all, thanks ahead of time for advice. I have an apartment I'm repositioning currently. I purchased it for $1,045,000, cap ex is $170,000. ARV appraisal was done pre-closing @$1,350,000, which would put the in-p...