John Blanton
Cost for K1s for a partnership under 10 investors
I am working on getting quotes from a CPA for preparing K1s for a small partnership deal with less than 10 investors. 3 GPs and 7 LPs. I have been quoted $2500 by a local CPA, but some people have told me that seems h...
Malkia Ra
Has Anyone Done Business with "Travelers Haven?"
Was contacted by Travelers Haven today, a corporate housing/short-term rental agency. There's a traveling medical professional who's interested in my rental, so a rep called to get more information.The rep explained ...
Huiping S.
How to prepare flood loss for tax return?
Lots families were flooded from Hurricane Helene. The flood insurance will cover limited, structure may or may not the contents. Lots people's car, appliances were died. The loss is very big for those family. I drove ...
Bill R.
New Business Card Design - Critique it please
Hey BP, What do you guys think of my updated Business Card design, front and back. Wanted to keep it simple, bright and similar to website.
Andrew Angell
Questions around Passive vs. Active classification of activities in my LLC.
I leverage my Life Insurance cash value in a couple of different ways with an LLC, and I have some questions about active vs. passive classification on the deals I'm doing.
I take a policy loan personally, and then I...
Ebony M Marshall
Security Deposit Return- PLEASE HELP!!!
I am a tenant living in Chicago. I lived in an owner-occupied building with 2 total units. I moved out March 30, 2024 and just recently received a letter from the landlord (54 days later) with deductions and reasons...
Scott Welker
Very proud of this rehab project!
Investment Info:
Single-family residence fix & flip investment in Saint Louis.
Purchase price: $48,000
Cash invested: $60,000
Sale price: $164,900
Complete gut rehab. Everything new on insid...
Matt Boyle
Illinois/Chicagoland Broker Price Opinion (BPO's)
Are there any investor/agents out there that write BPO's in the Chicagoland area? Any tips or pointers? Things to stay away from? Id love to pick your brain! Look forward to hearing back from people!
Tarik N.
Tax time: what is deductible?
Topical question: I have closed on a number of properties this past year, and I have refinanced one, so my question is very simple: Which closing costs are tax deductible?Thank you,
Forrest Dabb
Homeowner Capital Gains Exemption with seller financing - taxes
I need help, i have talked to multipile CPA's and they can't seem to find an answer to my question. I sold my personal residence this past year using seller financing. I still have a mortgage on the property. I pay th...