If I own an investment property titled in my name and my business partner owns a separate investment property titled in their name, is there any arrangement where we could each sell our investment property and pool th...

I am a little bit confused about step up basis.It is my understanding that when you die, your property transfers to your heirs with a step up value to the current market value, so if they sell the property for that sa...

I am rehabbing a nasty 5 plex I bought last fall (pics at bottom). Besides redoing the entire inside, I plan to paint outside, install new cedar/cable railing, redo roof with metal, replace doors and windows, paint, a...

Hi All -- Wondering if anyone out there has faced a similar situation and, if so, whether you might have any guidance or opinions, etc.? My wife and I are in the process of doing a 1031 exchange purchase. We are in co...

Hi BP!On the city of Chicago site, it states "The ordinance covers most rental properties located in Chicago except units in owner-occupied buildings with six units or less."It seems that the Chicago Residential Landl...

Hey all! I’m looking for some input. We currently own 3 rental properties across Texas, Virginia, and Washington State. They were all originally Owner occupied and then turned into rentals when we moved. I’m wondering...

Wife asked - When applying for a EIN number for a rental property in Texas what type of business should I use?
And I add thusly, Prop. Manager requested a W9. If you have only one rental unit for now can you prefer t...

I know this may be a simple question but I am having trouble finding the answer.  1st, In regards to a single member LLC taxed as a pass through, which state do you pay taxes?  I live in Illinois but the property that...

I just spoke with an attorney and he suggested to me to form a new LLC for each property I purchase. He said it would add a layer of protection if something were to happen on one property, then the other properties co...

Hello community friends, I am debating on how to hold the titles to the two properties that are under contract, given some future implication and changing financial situation in our household. There are lot of my own ...