I'm JRod, and I'm thrilled to join this vibrant community of real estate investors.

I have clients in KCMO that buy distressed properties and generally don't have issues, but they have several years of experience doing this, some properties are even abandoned.

I absolutely collected first, last and security for my class-C rentals until NYS prohibited that practice back in 2019.Many tenants cannot manage their money properly, so this mitigates the issue of not being paid last month's rent when they need to move and the new landlord is receiving those funds they have allocated for their housing during the last month of their stay.This was also helpful to me to pre-screen who has their financial house in order and had saved for their moving costs as part of their planning.If I still could, I most definitely would - without exception.

Forming a Wyoming Holding LLC and using Land Trusts for your Illinois properties are smart moves to help shield your assets.

Thats a great tip!

Emmy,For me I would put money like that in a high yield savings account because when I start saving for a shorter term goal I want to be able to use the growth to help me save. 

This process updates ownership records at the county level and makes the sale a matter of public record.2.

I innocently (this is my first property) gave her a notice to vacate and gave her 30 days until 11/5.

This is a great community 

Where would this credit be applied to ?