Hi all,
This is my first post on BP - I looked around for similar questions/answers and couldn't find a good match so I figured I'd go ahead and post; hopefully this is the correct forum for my question. First, a li...
Hi all, I recently started an informal real estate group with some old college friends. They are all looking at strategies to use for their first deal and many of us are leaning towards a house hack to reduce the amou...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Machesney Park.
Purchase price: $240,000
Cash invested: $63,500
Contributors:
Tara Shedden
Self-managed fo...
Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...
So here's where I am with this.... A couple of weeks ago, a close personal friend reached out to me about an off-market property she picked up in Eagle Rock, Los Angeles. She is now on escrow using a loan to purchase...
It has been agressively stated here on BP that operating expenses average 50% of gross rents. I have posted many times that while that may be true with some properties, it is not accurate or appropriate to use this pe...
AB 2088 establishes a first-in-the-nation net worth tax, setting a 0.4% tax rate on all net worth above $30 million. If successful, Illinois, New York, New Jersey and Connecticut are likely to follow suit. How will th...