Do you have any experiences with Chicago demo court ? I have a property that's a good material for flip…but I would like to find out if the demo court is really tough to work with. Basically I would not like the situa...

Hello!  My sister and I are starting a real estate investment business which will initially be funded with our self directed solo 401k's and regular savings.  Our goal will be to buy and sell to flippers or buy and fl...

I am going to inspect an REO tomorrow that the listing agent listed having liens. The property is in rough shape, (roof falling in, looks like it hasn't been maintained in years) so until I find out what the liens a...

I am looking at a property that will have $1300 per month in expenses and gets $1600 in rent from established renters. There will be significant room to move on rent in the current market, but I will only want to rais...

Do you have to report all maintenance expenses on a duplex or apartment building on your tax return?  I understand I would pay more taxes if I did not report all the expenses.  However, my DTI looks better for qualify...

Hello!I purchased my first property a few years ago into an LLC, and have acquired a few more within the LLC since. I want to make sure that I am doing everything right to protect the limited liability status of the L...

I am just starting out and one of the first articles I have read in-depth was about cash on cash returns. The concept and calculation makes sense but I have one clarification.I was doing some calculations of my own, u...

How can I protect my assets, I am owner occupying a duplex in Middletown, Connecticut. I currently live in the first unit with a roommate and have tenants upstairs, Unit 2. I plan to officially move out so my roommate...

Hello Everyone,
I'm preparing to purchase my first investment property in the new year, which I plan to house hack. I already have an LLC that I originally set up as a business entity to facilitate managing, overseei...

Hi All, I have a house hack which is a duplex. I rent out the lower unit and for the upper unit, I rent 1 of 2 bedrooms. I was told that I could only depreciate 8.6% (square footage percent of the upper unit) and only...