The letter states the status is valid through 2033, provided compliance is maintained.My technical question: When taking title, does the 'Change of Ownership' affidavit need to be filed with the county before funding, or is it standard practice for the title company to record it simultaneously with the deed?

Hey Chicago investors -
Quick technical question on the Cook County AHSAP (Class 9) incentive.
I am under contract on a 16-unit in Phoenix, IL, and we just received our formal approval letter from the Assessor reduc...

Make sure that they are real estate savvy and ask referrals whether they’ll run scenario modeling before filing; also, sharing your asset type, state, and holding period will help the community recommend the right specialist faster.

Jay, I'm not saying there is shame in filing a bankruptcy.

Your unpaid judgement can be filed as a general lien and attach to real estate easily without having to find them and pay to have the judgement executed on. 2.

In Massachusetts, this often does matter, unfortunately, and your attorney isn’t being overly cautious.If the eviction you filed is for nonpayment, and you then send a non-renewal notice that changes the basis of possession, courts can view that as terminating the original tenancy theory the case was filed under.Key points that usually control whether it must restart:What was the eviction based on?

Every line with the word "gain" ultimately feeds to line 7, where it specifically states: "If line 7 is a gain and you didn’t have any prior year section 1231 losses, or they were recaptured in an earlier year, enter the gain from line 7 as a long-term capital gain on the Schedule D filed with your return."

Quote from @Jimmy Rojas: Im a 1099nec recipient, for a traditional home loan i know i have to file  past 2yrs taxes using my 1099s , profit and loss and recent bank statements, back when i was employed i believe i only done my taxes less than a handful of times (yes , i know, i know), went to a generic online site where it gives you an estimate of how much i would i owe uncle sam, the amount was crazy and it was just for 2024, not past years when i was employed, if this amount is even close to what i would owe  for just one year, i dont think im going with it, other than hard lending what are my other options.I’m not really understanding what it is you’re trying to communicate.  

Its very easy to e-file but you still have to go to the sheriff's office with cash and pay them to "serve" the tenant.

I’m currently weighing whether filing Chapter 13 makes sense as a strategic reset, but I don’t want to unintentionally stall my ability to continue investing long term particullary when it comes to DSCR loans.I’d really appreciate hearing from people who’ve actually been through this or worked closely with investors who have.