I have an Illinois condo unit that I rent out and would like a second opinion about an issue that was debating with the HOA's property manager.The gist is that after signing new tenants to a lease I was hit with a $15...
I need your response and suggestions about the sudden increase. Will it keep going up remain stable or return to $30,000?
This week's Tuesday Tip is to know the difference between tax preparation and tax planning. Tax Preparation is simply a compliance exercise done once (or twice if you extend) per year. This process consists of filling...
Hi all,I'm planning on participating in an auction process in about a month on a condo property in Florida. I was wondering if anyone in this community had recommendations on short term lenders that I could tap for ac...
Studying for my real estate class. And I'm reading about the powers of government and escheat being one of them. Escheat=the process by which the state may acquire privately owned real or personal property upon owner'...
I'm looking into buying a dollar home and I was wondering what is the process of buying if you're trying to live in the the property as an owner occupant. I don't get the process and I was wondering if anyone knew ...
Hi everyone,
I'm researching tax deed action deals (Central Florida) and would like to discuss with all of you on here the diligence process in order to get myself prepared for the bidding game. I have a few question...
Currently going through the purchase process for my first property. The buyer accepted my offer and now all the paperwork begins. Hoping to close in early January on a side by side duplex (2) 1/1’s that will have 1 si...
Great question! QM stands for a qualified mortgage. Qualified mortgages tend to be traditional government-backed loans and conventional loans (basically non-government backed traditional loans).
QM Loans are usually...
I did a 1031 tax deferred exchange in 2018. I sold three properties which closed on 11/1/2018 and I closed on the purchased property on 11/13/2018. I completed form 8824 and have documented the adjusted basis for the...