Stefanie K.
Chicago - Advice for tearing down and developing a lot
I currently own a pre-fire 3 flat (aka VERY OLD, 100+ years) in a very desirable neighborhood of Chicago and when we purchased it, we purchased it for the land value (tear downs all up and down our block). The house i...
Mason Green
Ready to purchase first investment property. Trying to choose city.
Hey everyone, looking to purchase our first investment property and would appreciate some guidance. We are located in the midwest and looking at Kansas City and Chicago as we are familiar with both cities and have spe...
Kevin Luttrell
Forced to take $25k passive activity loss deduction?
Hi All! Hoping someone can help me with this question. For the last couple years I have had losses on my tax returns from passive rental real estate activity. I am not considered a "real estate professional" by the IR...
Zehua Zhou
How to handle the tax forms from the property manager and the bank?
I just set up my solo 401k under uDirectIRA, and the LLC that will be 100% owned by the 401k, and ready to buy real estate using the LLC.
My question is regarding taxation. Should I give my LLC's EIN number or my 40...
Angel Hernandez
$1 million to invest in real estate - what would you do?
BP- Here is my opportunity. I have been able to attract a $1 million investment from a private source into my newly formed LLC. The terms are that I pay 5% interest per year and have to pay the $1 million back in 7 y...
Allison Zittritsch
Looking for an experts opinion!
Hey everyone!! 👋
Long story short, I’m looking to get started in real estate investing and I have 50k to invest. I’ve been interested in getting started in airbnb, but with all the information available online I’ve f...
Karen Mizrahi
50k saved up, looking to invest, need help!
Hi All!
My husband an I have about 50k saved up and are ready to finally take the first step in investing in real estate. We live in Los Angeles where market is so high. So we're looking to possibly invest out of sta...
Will Mejia
Just sold a Rental Property. IRS is going to kill my gains help!!!
I had 2 rental properties in Chicago (I dont live in neither). One of them became a nightmare so I sold it a few months ago. I sold it for way higher than I bought it. I have all this cash in hand and I feel IRS is go...
Joe Splitrock
What Do People Get Wrong Most Often
Some questions that get posted in the forums have no "right" answer, but rather just different approaches. In other cases there is a clear right and wrong answer. In those cases where there is a clear right answer, wh...
Mary Schr
Please Help: Unique Tenant Situation
Hi everyone,I posted earlier but it didn't go through so here it is again: any insight or help would be greatly appreciated.Here's my situation:-I rent an apartment where I live with my family.-I recently bought a coo...