My lender suggested moving a multi-family from my personal name to an LLC immediately post-closing via quit claim deed. Does anyone have experience with this (even better if in Chicago)?
According to the City of Chi...

I would like to learn more about the use of an IRA for the purchase of buy and hold properties. Are these properties held in an LLC that your own or in your personal name? Can you use these funds for any property, whe...

From the few people I have spoken with from Las Vegas have generally said that the market is good for buy and hold and not so much for flipping right now.  Is this true from others experiences.  I am new to Real Estat...

Hello Bp,
I would like some feedback on this creative financing I am trying to do.
I have done 2 successful flips and also have one 1 buy and hold.
Now that I have a little skin in the game I’d like to ask my dad ...

HelloI am in the process of buying the strip mall center and just received the proposal for managing the retail strip mall from the current agent since they already manage the strip mall. I want to get your opinion on...

Help me make a comprehensive list of all the tax benefits of owning rental real estate!So far I have:-Depreciation =deduct home price (divided by 27.5) from your income, rental for active income-Rental income is taxed...

Hi there,I am wondering how much do CPAs usually charge for a tax return that involves a simple 1031 exchange? $500? I searched on Google but couldn't find much info. Thanks in advance James

Ok, getting right down to the deets. I currently own and rent my condo unit that I've had for the last 4.5 years. 1st floor, 2 bed, 2 bath, 1 car garage in an 8 unit building. I owe $82k and pay $692 monthly (taxes an...

I bought a small handful of SFH rental properties in 2019 and I am wondering if I should stick with my normal CPA or look around for one who "specializes" in real estate?  I'm confident my current CPA understands the ...

I have a quick question on tax deductions. Today I was at my Business Finance Course and we were talking about TAXES; my professor who shall remain nameless mentioned that "only ~1% of all taxes filed are ever audited...