Bruce W.
Does President Trump's new tax plan threaten 1031 exchanges?
There have been many rumors from various sources recently about limiting the 1031 tax-deferred exchange. Now we see that the President wants to eliminate all tax deductions, except for mortgage interest and charitable...
Kent Phillips
What's going on in the rural Chicago suburbs
I'm new to Illinois, specifically Joliet area. I am coming from Austin, TX where they are experiencing a tech boom with lots of growth consistently making Austin one of America's fastest growing cities. Coming here I ...
Tracy Selfridge
Help me analyze this land deal
I found a .99 acre lot for sale by a motivated seller. The land is in a small neighborhood with a few other lots and houses in the 150k to 160k range. The lot doesn't have a septic or well and has some small trees on ...
Brian Geiger
What areas around the Chicago land Area good for Rentals?
Hello Everyone,I am no stranger to the Chicago Real Estate Market. I've seen some areas where Fix n Flips are happening even during this difficult time that is upon us. However I am not experience on the rental market...
Gio T.
New College Grad and REI Noob looking for friends and help!
Hi everybody, I am a new college grad from the SF Bay Area that is unemployed but thankful to have caught the crypto-wave. I have lived in the SF Bay Area my whole life but it is my belief that the climate crisis will...
Jonathan Walters
First duplex rental New Jersey
Hello everyone,
I am just starting out my Real estate investing journey and looking for some ideas from people who have invested in New Jersey before. I believe a duplex where i rent one side and live in the other u...
Michael Svoboda
Requesting Feedback On Excel Model Created
Greetings BP community.I was requesting your expertise. Like most real estate newbies I am eager and interested to learn all I can about the real estate business and the best way i learn is by understanding the analyt...
Mina G.
LLC tax benefit (owner occupied multifamily house)
I own a 2 family house in NJ. Currently if I make any repair in the house I can only deduct half of it on my tax return since its 50% owner occupied and 50% rented.
If I open an LLC will I be able to deduct 1...
Duane Alexander
J Scott's minimum profit for a flip
In J Scott's book he says he wants at minimum 10% ARV in profit for a flip. Is this pre-tax or post-tax? For example, let's say you're paying 40% taxes on all profits due to being in the 24% tax bracket and having to ...
Mike Alt
Jacksonville, FL FHA House hacking
Investment Info:I bought a 4-plex in Riverside neighborhood of Jacksonville, FL. My wife and I are house hacking this property, renting 3 units, living in one. We split time between Los Angeles and Jacksonville now....