Seyi A.
Evicting a renter in Chicago
I’m aiming to have at least two rental properties (my first) by year end, but I’m unsure about the rental laws in Chicago.How hard is to evict a renter in Chicago? What’s the process?
Mehul Desai
Tax on flip crossing over tax years
Hello All, My friends and I bought our first property to flip. All cash if it matters. We put the property in one friend's name (no separate entity yet). The house was bought in Ocotber 2015 and is now complete and ...
Account Closed
Which Markets Might Take A Tumble?
With the inflation we’re seeing, what are your predictions on the RE market? Which markets do you think might take the biggest tumble? Smallest tumble? Do you think any market is safe from a market fall (not sure it’l...
Thomas P.
Deed of trust fees
I am using private money for a purchase. The person lending me the money is a friend. The reason I am using his money short term is to get on the deed and own the property free and clear (on paper). After two years...
Joshua Myers
RE professional status and carrying over tax losses
Question for my 2022 and 2023 taxes:I qualify as a Real Estate Professional and I did a cost segregation last year. That led to a qualified business loss of 78k to carry over from 2021. For 2022 tax year I am going to...
Jared Haxton
Setting Up and Marketing 4.25% Seller Finance Deal
Hi BP Community,
I own a 2-bed/2-bath condo in Prescott, AZ (near Embry-Riddle Aeronautical University, hospitals, and medical facilities), and I’m exploring selling it via seller financing. We have had it as a renta...
Nyjuwa Newton
Rolling an assignment fee into a rental property
Can you roll the money you make from an assignment fee over to a rental property? Tax free???
Heidi Ann Faller
Negative AGI from rental properties - how to carryforward and use
In 2021 I had overall negative AGI on my personal return due to losses on rental properties. I had no tax liability in 2022 and now here in 2023 I do. How/ where do I utilize that prior loss? Is it an NOL on Schedule ...
N/A N/A
Determining Value - Electronically
hello all,
Trying to get some basic information here. I deal with REO's and am very familiar with BPO's. I am having some serious issues determining electronic values though. This topic may very well be in here so...
Eron A.
500K house 25K under tax value VS 325K house 75K over tax value?
Im trying to decide what to do. I know overall it depends on what works for you financially...but if we keep all factors equal...and just consider the prices compared to their tax values....can we discuss the pros and...