If the insured driver was sued for more than their car insurance covered, the accident must have involved negligence.

Converting your condo into an investment property and transferring it into an LLC is a smart move for liability protection.You’re correct that retitling the property involves Chicago’s transfer tax, which can be substantial.

Since joining this club I have a new attitude at work and have received a promotion every year since I have been involved and closed some deals on the side.

Do 1 thing, stabilize the property, and then move on to the next.On the short term rental, I would encourage you not to partner.

I have observed clients who have purchased properties based on the 1% rule but have struggled to stabilize them.

Most people cant afford that alone which means a syndicate or getting PMLs involved and doing the synd yourself. there's nothing wrong with starting with some smaller properties.

So for example, let's say a friend of mine wants to get involved in real estate but doesn't have the time, knowledge, experience, or resources to do it very well.

who are involved in wholesaling or other real estate ventures.

I've heard that about the algorithm and changing your listings but didn't know about getting so closely involved with Airbnb + VRBO.

Instead of 40 houses cash flowing $200 each or $8000/month, you buy 10 houses and pay them off for a cash flow of $10,000/month with 1/4th the headache.People don't understand the amount of time, energy, and stress involved with managing a lot of doors, especially if they are lower-class properties typically needed to generate cash flow.