“IT DEPENDS”The answer we don’t like to hear, but is the real answer in most cases.I can’t tell you how many times I’ve used this answer when asked a question about real estate. We like things to be black and white, c...

Specific technical issue that triggered this post. When parents employ their minor child, the child is exempt from Social Security and Medicare (aka FICA) - if under 18. But what exactly happens in the year the child ...

My company is selling a house where the proceeds were to be 1031 echanged into the purchase of another house.  The purchase contract states under 'closing date' section as follows:"On or about DATE, but in no event pr...

Hoping this is in the right place.Bought a house ten+ years ago, lived in it ~3 years, rented to the worst sort of people whom I had to evict, rented to my parents a couple of years, once I had a decent nest egg, no r...

Found a good personal finance tip,raise the # of dependants on your income tax to large more dependants than you have is legal to do, and do so,so you do not have ANY refund coming to you per year/so are not giving th...

How do I identify War-zones and pick solid dependable target markets for investing?

I live on the southside of Chicago, so if you know anything about Chicago you know there is atleast 200 unique neighborhoods each h...