Hello all,I (via my LLC) own several units now. I also lease out and manage the units via the same LLC. I am thinking about creating a new LLC (to be owned by my current LLC) to handle all the property management to p...

A tenant informed me on Sept 15 she was moving out Sept 30. There are 6 months left on her lease. A new tenant will move in on October 7. Her rent is $550 or prorated $18 a day. She did an ok job of cleaning. I paid a...

If someone is a "real estate dealer" and can't report profit as short term gains from developing or flipping property, then wouldn't the best option be to buy and sell through an S-corp since they're a business?

Hey guys...I just read that the Biden Administration is seriously considering axing 1031s to pay for the next huge government sponsored spending plan (Family Plan).  Besides the potential of eliminating the "step-up" ...

Any advice on trying to convince a court ordered administrator to sell a home in probate via short sale?It seems they would all prefer to let home go to foreclosure auction. 

I would love to connect with a seasoned developer that could give me some insights about my project idea. I lived in an apartment this year and my monthly rent was $885 + $125 administrative fees. There is a perfect l...

Not that one needs another reason to dislike Homeowner’s Associations (HOAs), but try this one: paying for the same services three times. The abusive and illegal practice of charging HOA Transfer Fees on the sale of ...

Because I cannot take advantage of active deductions related to my real estate rentals, I am wondering if I can pay myself as the "administrator" or property manager of these properties?  The IRS believes you can't ac...

Real Estate Investors:There’s been a lot of discussion about how the upcoming election could impact our industry. I generally stay out of politics, but I’m interested in hearing investors' perspectives. How do you thi...

Hey people has anyone dealt with Chicago city violations. I just got recently hit with Chicago city violations with exterior violations like window replacements and owner ID sign missing. I never dealt with Chicago ci...