Adolf A.
Sect. 1231 Gains...Can they be classified as Partnership Income?
Below is the scenario that is unfolding for us. Looking to minimize taxes and and maximize retirement funding.Appreciate any insights.-------------------------------------------------------I am part of a multi member...
Jerome Nunez
Creative Applications to Use for Document Collection
BP Community,I'm in the closing process of 3-unit multifmaily property. I've been thinking more about document collection, rent payments and bookeeping services and if there are any one-stop shops for the above. Does ...
Tony G
what options are available in my situation?
Hello BP nation, I would love to get your inputs.
This is my scenario. I want to purchase a OO duplex w/ a partner. I have 30k in capital and would like to use minimal cash outlay. I'm looking at 100k-150k pr...
Chris Yenter
Question on mortgage for investment property
I am fairly new to investment properties and have a question on the complication of getting approved for a mortgage. My first investment property is my condo that I lived in for several years and decided to rent out....
Francis Rusnak
Petition Property Taxes as Investor?
Cash flow in Chicago and South 'Burbs is great. But the biggest killer is the redic property taxes.There are two single family houses we're looking at now; we'll be allin for under 50k on each with purchase and rehab....
Garrett Ellison
Just starting with BRRRR - How much money down with Private $$$?
I'm loving the BRRRR method, and I think this is definitely the way to go to minimize risk, start with low to no money down, and grow rapidly.That said, I'm finding it difficult to find out around how much you should ...
Duncan Moore
What should my first few steps in buy and hold look like?
We are looking at buying our first investment property, most likely going to do a live in reno. After we purchase the home and get it all fixed up to our standards where do you go from there? We are wanting to rent th...
Sovannary O.
Rental Property Advice
I live in Los Angeles and am interested in investing in rental property in Inland Empire. Is there any type of paperwork required (i.e. registering my business license in the Inland Empire since it's a different count...
Mike Swanson
Chicago Security Deposit Advice
Unfortunately I did not provide a receipt for the security deposit I received from my tenants 3 years ago in the City of Chicago. I also did not provide a yearly interest payment as required. My question is: if I re...
Marc Cormier
Who Gets the Tax Credit on “Subject To” Deals?
Tax time is quickly approaching, and that means an uptick in the questions about who is entitled to get the tax credit for "Subject To" deals. As David M. Hasson CPA, PFS of Seckendorf Hasson & Reilly CPA's, LLC n...