Mark Tanner
Tax Question With Big Impact
How can we apply real estate losses from prior years to offset current year non-real estate income? I assume we need "real estate professional" status, but 90% of CPAs I have talked to (all with real estate clients) s...
Seb Ko
Help with Chicago STR application
Hi everyone, hoping I could get some help from anyone that has successfully applied for an STR/Airbnb in Chicago. I have now been denied 3 times. I have a 2-unit and I live in one and would like to Airbnb the other. I...
Cary Trusty
Capital Gains Tax - 'Use' test exemptions
I'm looking for some feedback to get an idea on how much I'll need to put back for taxes on capital gains from the sell of my first home.
Scenario:
I purchased my home March 15th, 2013. I moved in the w...
Natalie Nelson
SFH in Baltimore, MD set up for 2 units, zoning issue 21214
Hello everyone, I put an offer in on a short-sale property in the Hamilton area that used to be rented out as 2 units however it does not have an active multi-family registration. I know it is located in a district th...
Levi Perl
When to lower rental listing price?
How many showings a week is considered good? Meaning that the number of showings show you have it priced well? I have seen many say “3-5 showings a week is good”. However, does that include people who wouldn’t qualify...
John G.
Owner Builder Contracting License
Good Day Bp,I was wondering if anyone had any experience in getting a contractor's license for their flip. As a Carpenter that doesn't have a license I'm interested in being the owner builder of a rehab. Any informati...
Desmend Jetton
Real-Estate Tech: Help with Landlord/Tenant Screening
Happy Holidays BP Family,I'm working on my final graduation project at Illinois Tech focused on Web API/App development and I need you all's help. Problem: From podcasts, articles, and forums, it seems the biggest lia...
Christine Graviet
Investing in property with your kids
I need advice, suggestions, anything. About 3 months ago, we decided to invest in a house (with rental accessory apartment) in an area where 3 of our kids go to college. Our oldest and her husband were wanting to in...
Brandi T.
K-1 loss offset gain from sale of rental?
I'm figuring a year end tax payment - we sold a rental property for a gain (held more than one year) and will have K-1 losses from two syndications that we are LP. Turbotax is allowing the losses from the K-1 to offs...
Aaron Liu
Ways to Add Character to Your Home
If you are getting yourself a new home, then there are lot of ways in which you can make it look really good. This is particularly important if you have bought yourself an old home that needs a little renovation of th...