Joel Owens
Current tax reform status 12-2-2017 / Senate Passes Resolution
Dear ICSC Member,In the wee hours of this morning the U.S. Senate passed its version of a tax reform bill by a 51-49 margin along party lines. Senator Bob Corker (R-TN) was the only Republican to vote against it due t...
Adam Sporinsky
Can a Chicago Landlord ask a potential tenants immigration status
I have a possible tenant that called and asked if they can apply if they only have an ITIN number and no SSN. Does anyone know if it would be a violation of any Illinois, Federal or Chicago laws to find out if they h...
Lauryn Meadows
My CPA Doesn’t find benefit in Real Estate Professional Status
Question for my Investher CPAs.
My husband works full time in our real estate business, I believe he should have no problem qualifying for real estate professional status.
I work at W2 and have a 1099. We also fli...
John Stamos
Real estate Licensing course counting towards real estate professional status?
Hi, I looked into REPS and my spouse meets most of the criterion. My question is the following…Do the several hours taking a Real Estate Licensing course and exam count towards Real Estate Professional Status? My spou...
Alex Lee
Real estate professional status to offset federal and state taxes
Hello,First post in this forum. I am looking into becoming a real estate professional to grow my portfolio long-term and to reduce my earned income tax %. Would becoming a REP and materially participating in rentals r...
Mayank Jain
Obtain Real estate professional status while house hacking with ADU?
Hi everyone,
I'm a house hacking rookie. I intend to get a single family residence, add an ADU, live myself in the residence and rent out the ADU as a studio apartment long term.
I have checked my city's ADU laws an...
Leighann Davis
"0" property addresses and finding the status of empty lots
Hello all,To give you a little context for my question: I'm currently looking for my first deal that I hope to be a buy and hold rental. There's a certain area that I'm really interested in so I've been trying to look...
Account Closed
Florida Delinquent Tax Roll-best "status" focus?-TDA vs Open
I would like to have a conversation with a Tax Sale Investor who has experience with working Florida Delinquent Property Rolls to solicit buying tax delinquent property from the tax delinquent owner, before it goes to...
Mengqi Jia
Claim RE Professional status with W2 from full time job
My partner and I working full time with W2s and our income is above the $150k limit. AFAIK We can not use the rental loss to offset our W2 incomes without RE professional status.I understand it is usually tricky to cl...
Account Closed
Condo FHA status expired and a non-responsive mgmt company
Hello all,Need some advice - there is a buyer under contract who can only do an FHA loan and the condo unit for sale FHA status has expired. The management company is not responding to any calls, emails from either bu...