This means that to benefit from the separation between my personal assets and the company’s assets, I need to establish the LLC in New York State.However, I’ve found that the start-up costs and procedures for opening an LLC in New York State are significantly higher and more complex compared to other states (such as the requirement to advertise in several newspapers for an extended period).

Feel kind of non-sense that biggerpockets advertise multi-family a lot and there is no way to find the deals for that.

It’s essential to evaluate whether the potential rental income aligns with your financial goals and if you can manage the ongoing expenses associated with property ownership.On the other hand, flipping a home could provide a more immediate financial return, especially with your access to a private loan and mentorship from an experienced developer.

Hope everyone has been doing well halfway through the 2024. I just ended my management company (30 notice), officially ends the third. Due to their lack of urgency to get repairs done to get the home rented out. (Had ...

The issue is Calumet City is a good 45 minute drive south of Chicago and North Chicago is actually about an hour drive north of Chicago (talk about false advertising).

Ensure that there is a way to change access codes for each new guest.

But the most accessible is obviously the MLS.

The plan: I am identifying on/off market properties that are targets, will do all of the real estate work (listing, showing, advertising, vetting, etc) and will split the cost of the purchase of the home and the material costs for any needed repairs.The contractor will be subbing out portions of the job and be on site mostly full time until the project is completed. 

Slope is not your friend, neither is poor access and there are many more to watch out for.

There are a lot of moving pieces to the sale of a property, and having an accessible resource to guide you along the way is crucial.