9 January 2025 | 4 replies
Dan,The process to create an LLC in Illinois is pretty simple.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3152493/small_1734411523-avatar-kenzerh.jpg?twic=v1/output=image&v=2)
8 January 2025 | 14 replies
Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2817223/small_1736815400-avatar-brettr612.jpg?twic=v1/output=image&v=2)
13 January 2025 | 6 replies
So have to make sure you interview beyond just asking the simple "can you do this for me".
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3004439/small_1734040723-avatar-benh473.jpg?twic=v1/output=image&v=2)
9 January 2025 | 9 replies
Look into Baselane it’s designed specifically for real estate investors, You get automated rent collection, expense tracking, it makes it easier to manage properties, stay organized, and keep up with your finances.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3161439/small_1735684738-avatar-sufyana1.jpg?twic=v1/output=image&v=2)
3 January 2025 | 7 replies
Hello everyone,I am from Alexandria, VA located at the border of Washington DC and Prince George County, MD working for a kitchen and bath remodeling company since 2017 known as European Granite Design that also fabricates granite, quartz, marble and quartzite countertops since 2003.I'm experienced Sales and project manager also designs kitchens & bathrooms for remodeling.Using my expertise and connections I want to start working for myself flipping old condos or houses in the Washington DC, Maryland and Northern Virginia (DMV) area.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/506784/small_1702584111-avatar-josephs81.jpg?twic=v1/output=image&v=2)
25 January 2025 | 32 replies
Check out Norada Capital with a simple no fees structure and 12-15% annual yield depending on how much you invest.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/575645/small_1621492945-avatar-jerrys42.jpg?twic=v1/output=image&v=2)
11 February 2025 | 167 replies
It is done with a simple click by the teller or by a processor later.Each one of those reported transactions makes it more likely the person will be audited by the IRS.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1168975/small_1738422502-avatar-chrisl402.jpg?twic=v1/output=image&v=2)
4 February 2025 | 24 replies
You nailed it—it really is a solid business model, all designed to maximize profit (which, to be fair, I respect from a business standpoint).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3171473/small_1737233964-avatar-nicka346.jpg?twic=v1/output=image&v=2)
23 January 2025 | 16 replies
As @Brett Synicky suggested, keep it simple, as a sole proprietorship.You are also not considering that you will have to pay $800 per year and per LLC to your greedy state.In short, get some professional advice instead of TikTok advice.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3015508/small_1715096163-avatar-andersons17.jpg?twic=v1/output=image&v=2)
10 January 2025 | 2 replies
Yet, many investors overlook simple strategies that can significantly reduce their tax liability.