If you had to start over today with limited resources, what strategy would you focus on- Would you start with house hacking, BRRRR, wholesaling, or another strategy?

Get sued on one get sued on all.Recently the Illinois legislature gutted most of the protections that made an LLC a desirable entity choice in Illinois.As of January 1, 2025, several new Illinois laws have come into effect, impacting Limited Liability Companies (LLCs) in various ways.

Once you have the place under contract you are time limited.

Or will you be subject to the passive loss limits? 

Faced with these burdens, many owners choose to limit their renovations to cosmetic work or, worse, proceed without permits to avoid triggering the requirement.This raises a crucial question: which is safer—a fully gutted and renovated building with modern electrical and heating systems, rebuilt to 2025 code but without sprinklers, or a building where the original, outdated wiring and heating systems remain in place because owners chose to avoid triggering costly sprinkler requirements?

However, our current hard money lender only funds one loan at a time, limiting our ability to take on multiple deals simultaneously. 

More people have always lived there because of the history of economic development near the oceans coupled with tight supply and limited high-density building. 

I do not live within the city limits.

Business entities are US state law creations: LP is a limited partnership. 

For the top tier area like Palo Alto where cap rate is 4.0%, LTV can only be limited to 40%~45%.