Sid Franklin
Chicago Gentrification
Does anyone think that Chicago's record tax hikes and the possibility of a tax exemption for property's under $250K will lead to a new round of gentrification largely driven by Millenialls wanting to live in the City ...
Ignatius Okonkwo, Jr
Tax Sale Overages Advice
I'm looking to start a tax sale overage business. Is anyone doing these types of transaction is this forum? Nay advice would be helpful.Thanks
Christopher McGuire
Please help with my cash sale closing costs - details and numbers inside.
I'm closing on an $18,000 house in a week and they sent me the following as an estimate for closing. It seems too high based on what I have read here but I don't know what all to cut out.Title Insurance plus Binder Fe...
Sattir Bitti
What happens to Passive activity loss on 1031 exchange?
Hi,When 1031 exchange is performed, what happens to the Passive Activity loss on original property? We have considerable PAL and good equity on the original property, wondering what happens to this loss after the exch...
Jason Peterson
Provided lawnmower legalities
What are the legal ramifications of providing lawnmowers to tenants? I have been told multiple things. One, never provide a lawnmower as you are now legally responsible for any accident that may occur. Two, the owner ...
Peter Kozlowski
New investor business plan
Hey everyone,New investor here. I just read and took comprehensive notes from three books on real estate investing:- Long-Distance Real Estate Investing (David Greene)- The Book On Rental Property Investing (Brandon T...
Peter Kozlowski
New investor business plan
Hey everyone,New investor here. I just read and took comprehensive notes from three books on real estate investing:- Long-Distance Real Estate Investing (David Greene)- The Book On Rental Property Investing (Brandon T...
Christina Potosnak
21st Mortgage CASH Program Sales Tax
I need to find other park owners that have used the 21st Mortgage CASH Program to fill their parks. Specifically those that immediately kept the homes as rentals instead of selling them to an owner occupant. 21st se...
Sarah Poole
Cut losses and walk away?
Bought a condo at a ski resort in CO in May 2022 for $510k. Put down 15%, borrowed the rest at 4%. Originally planned to move in, or at least use substantially, but life had other plans so have been listing on Airbnb....
Jason Teague
Cash Boot on a 1031 exchange
I have a tax basis of $150,000 on a rental property that I am selling. I am under contract to sell the property for $215,000, of which after closing, I will realized $200,000. I have no debt on the property, I own i...