Property Management Blog

By Tom Shallcross

Understanding 2-4 Unit Appraisals in Chicago

For those looking to purchase a 2-4 unit building in Chicago, one of the most important variables to accurately forecast is the appropriate value of the property - whether it be a stabilized purchase value, or the anticipated after repair value (ARV). The appraised value of 2-4 u...

By Aaron Zimmerman

UBIT and UDFI - What You Need to Know For Investing in Your IRAs

In this article, I look to cover the basic elements of Unrelated Business Income Tax (UBIT) and Unrelated Debt Financing Tax (UDFI) as they pertain to real estate investors. Usually, when we are talking about these taxes for real estate investors, it’s typically within the ...

By Aaron Zimmerman

Paying Your Family In Your Business

The IRS encourages you to hire your family members in your business. What this can do is shift income from a higher tax bracket to a lower tax bracket. This strategy can be powerful depending on your level of income from your real estate related businesses. In this article, we wi...

By Lee Shreve

Time Value of Money; Get $ for your business now

Have you ever read about lottery winners who win millions and decided to take the lump sum now versus the installments over more than twenty years? Why would someone make this choice? Any economist will tell you that if you have the opportunity to take the money now i...

By Aaron Zimmerman

Qualified Business Income Deduction: A Free 20% Deduction (With Some Catches)

In the tax world, I’ve already noted that there’s been quite a few changes in recent years. One change that I haven’t talked about until now is the qualified business income deduction (QBID). This came out as part of the latest tax cuts effective for tax years s...

By Tom Shallcross

A RECAP OF BISNOW'S “CHICAGO STATE OF THE MARKET

Earlier this month I was fortunate enough to attend Biznow’s “Chicago State of the Market.” The half-day event featured panels of city officials, architectects, capital market executives, construction leaders, mega developers, and even past Straight Up Chicago I...

By Tom Shallcross

Seven Factors that Determine Your Commercial Loan Rates and Terms

Most real estate investors, especially when just starting out, use personal credit to obtain conventional loans to buy rental homes. And this may work fine for you today, but how serious do you intend to get about your investing tomorrow? But if you plan to increase your portfoli...

By Aaron Zimmerman

Life Cycle of A Fix and Flip

I haven’t gotten the chance to discuss fix and flips quite yet. My apologies to the fix and flip real estate investors for the delay! This article will be a comprehensive article for understanding the tax implications of your fix and flip. There are three main stages of a f...

By Aaron Zimmerman

What You Need to Know For Your 2021 Taxes

The tax world is ever-changing with our complex set of laws, oftentimes yearly. That is why it’s important to stay on top of the latest changes. In this article, I wanted to set the stage for some key changes/provisions that will impact your real estate business: meals, mil...

By Aaron Zimmerman

Passive Activity Losses: What You Need to Know

In this article, I will be discussing the basics of passive activity losses (PALs). This is a very complicated area within the tax code that I want to boil down to its essential elements. In this article I’ll touch on what PALs are, where they are formed, what happens to th...