Anthony Chan
Sold my rental condominium (~15 years in service) - DO I NEED FORM 3115 ?
Hello all - Long story but any help would be much appreciated.• I purchased a small 1B/1Ba condominium in a high rise building in 2004 for personal use.• In 2010, I moved out and decided to put in in service as a rent...
Amy Hu
How to put 750 hours to qualify as real estate pro for tax
My husband is working full time. I'm housewife taking care of our child and rental properties.We have 5 SFR and one apartment building out of state, managed by PM. We bought the apartment building vacant last year an...
Tyra General
What would you do?...Grandparent's House
Hi All,
My grandparents are both retired and owe about $36,063 on their current house. As you might imagine their monthly note is only about $600. It will sell for no less than about $200k. I am looking for advice o...
Eddie Davalos
Cleveland House Hack
Hello BP!After reading the House Hacking Strategy, I’m looking to make the plunge into my first house hack.I’ve been searching Lakewood, Ohio City, Shaker, and Cleveland Heights since March 2022 and have come up short...
Dale G.
Probate Letter
I'm learning about probate and currently working on my letter. I've heard different recommendations on what or what not to include.
Some people recommend including you business letterhead and so that follows ...
Tar-U-Way Bright
How could I use my LLC
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...
Renee Williams
Pace Morby’s Gator Lending - yay or nay?
Hello BP Community, Do any of you have experience as a gator lender? If so, I’d love to hear it!
Will Mejia
Just sold a Rental Property. IRS is going to kill my gains help!!!
I had 2 rental properties in Chicago (I dont live in neither). One of them became a nightmare so I sold it a few months ago. I sold it for way higher than I bought it. I have all this cash in hand and I feel IRS is go...
Jaron Walling
The UAW wants to wreck the economy
Is the auto industry big enough to create ripples in RE markets? If so, why? The UAW just escalated the "stand up" strike to 38 new locations. This includes everyone already striking. This affects thousand of UAW memb...
Vicente Hernandez
General questions on referral programs
Hey Guys, I work for a property management company here in Chicago and we are expanding our agent referral program. I wanted to get some insight of what many of you brokers/agents have seen in your markets. Would love...