Daniel Warren
llc question
I have been reading a lot of llc threads and I have a general question and a couple of specific questions. I have been reading about the need to separate my stuff from the llc stuff. I have caught bits and pieces o...
Udi Vaknin
Convert a Mix Use to a Condo
Hello,I am looking into buying a mixed Use building, can I convert it into condo units? also, what are the possibilities for me to build a few more floors ( I have another 15,000 Buildable) but the building is a landm...
Brad Scott
What is the best way to deduct expenses for AirBnB's
Hey short term rental owners,
I'm wondering what you would suggest in order to be able to deduct expenses of running your short-term rental business, i.e. furnishing the rental, management fee, etc. Is it easiest to...
Chris Scales
Interior Demo in Chicago - Insurance/Permit?
Hi all! I hope I'm posting to the correct forum... I recently purchased a 2 flat in Chicago that is in need of a full gut rehab. Between the basement, first floor, and second floor, there is about 2,500 sq ft of finis...
Art P.
Mortgage Interest deduction tax treatment on mixed use assets
Hello all tax professionals on BP, I would like to reach out to the knowledge base to see if any of you have dealt with a similar situation as addressed below and how to properly handle it. Thank you in advance!Topics...
Ben Lin
Convenience store pros and cons
Hello BP,I am looking to purchase a duplex. First floor is a fully occupied convenience store and the second floor is a 2 bedroom apartment unit. This is going to be my first time owning a commercial unit in a big cit...
Adam Odom
SC legal residence question
Ok I'm getting mixed responses from people and wanted to see if anyone has had a similar situation. We moved into our new home in mid January of this year and are in the process of finally selling our old residence. W...
Ross Sib
New apartment construction process
Hi,I have a basic question on how to go about evaluating responses form architects. I never dealt with architects before. I have a 7000 sq.ft. lot with R-3 zoning. So I found an architect from a similar project devel...
Genaro Reyes
Help with Commercial Mixed Use
Hey everyone, the main reason for this post is to welcome any and all advice on a recent project that I am working on. I have a property that is Zoned CMU-3 (commercial mixed use). Has a single family home on it now t...
Erich Beyer
Commercial personal residence refinance
Hey all, my wife and live in a commercial property and are having trouble refinancing. We bought the property with a 203K FHA loan. We are now trying to refinance but everyone that we have spoken with has said that ...