Mindy Jensen
What is the going rate for tax proration in the south suburbs?
My sister is buying a new place. She isn't an investor, and I haven't sold anything in IL in more than a decade. Her agent is requesting 105% taxes for next year. What are you seeing? She's in Tinley Park if that help...
Robert Mack
Will you still have buyers? End of Tax Creidt & Rates Rising
For all those who purchase properties to flip, what are your plans for the next couple months? Are you still purchasing properties to flip like normal or are you treading carefully due to the credit expiring and the ...
Joe S.
The taxes and fees are more than the nightly rate on STR
I have never stayed at a short term rental and I have been hearing all about them. So I go on line and look at a number of Short term rentals. I’m a little unsure about how the pricing goes whether the listed price is...
Ingrid B.
cap gain tax if not 100% of the proceeds go into another house
Greetings. I own a property that I am planning to sell, it will have long term cap gain. I don't certainly want to invest all 100 % of the proceeds into another property. Say only 50% of the proceeds goes into another...
Miguel Nava
Is it "common" to get taxes reduced?
I am looking to buy my second duplex in Cleveland. Taxes in the "Heights" cities are high. Is it too rare to have taxes reduced? What I mean is that some properties that are listed around $100,000 have taxes as high a...
Vikranth Biradar
Accelerated bonus depreciation for short term rental
Hi all, I am looking for some expertise from STR landlords or accountants. I currently have W-2 earnings and realize that I can buy a STR, spend 100 hours fixing it up and staging it, and perhaps manage to get a few g...
Craig Herring
Tax benefits of Land contract/Seller Financing
Hi everyone! I’m trying to become more verse in seller financing/land contracts and have a few questions on the benefits for the seller. I know seller financing is attractive for sellers for the fact that instead of ...
Dan Chandler
Paying Tax on Rent
I am filing with the state to form an LLC in which to purchase homes and rent them out. There are a lot of questions about sales tax. Do I pay sales tax on the rent that I will be collecting? And if I do, is it just f...
Eric P.
Home price vs. Property tax
My wife and I are mainly looking at 2 towns for our first primary home purchase. We're used to renting in North Jersey at $2,400 a month comfortably so that's our budget. In town #1 we could buy a house for $300k b...
Chase Woodard
Tax Benefits from Rental Property
Hey Guys, So I’m a noob & trying to learn everyday. What I’ve been trying to understand is how Real Estate is so great for taxes. I’m planning on getting a rental property & was wondering what tax benefits do ...