He also told me that he made more from his rentals than he did from the law firm.He still held the entire portfolio of properties when he passed at age 90, giving the properties to his relatives who continue to keep the properties and run the rentals, living off the income. 30-40 free and clear properties does provide a nice "side" income.The "stepped up basis" provides that the inherited property transfers basis at the value at the date of death, which makes all the capital gains unrealized during the owner's lifetime tax free.This attorney had the same portfolio for maybe 40+ years, he never bought any more property and never sold any of his rental properties.

Ikea would be another good place to buy inexpensive curtains and area rugs.For us it just makes sense to have a few things on hand for staging as we continue to flip about 4-5 houses a year.

Thanks for sharing, I have been trying to keep up with beltline projects, as many of the investors I work with are purchasing homes in these areas for buy and hold purposes as the project continues to grow.

It was the best feeling ever and continues to be today.

Looking to open a HELOC to fund my continuing real estate adventure, and the higher we go, the more I will be able to do to expand the business..So, I was wondering what folks thought the best tips for getting the most out of your appraisal.

In the employment verification process, one of the questions the lender ask your employer is "what is the likelihood of continued employment for one year"?

Your alternative is losing stacks of those Benjamins to continued lost rent, paying attorneys and the court/administrative costs.Messing with the utilities in the dead of winter in Chicago will only put you on the wrong side of the law.

Experienced investors I work with understand the RE lead marketing is continuous effort and at time takes 2 yrs or more to finalize a deal from probate and inherited leads.  

If you're simply doing your own deals on the side (buying and selling) without a formal listing in the MLS or a commission involved, you should be able to continue as if you didn't have a license.

Assets will continue to provide value even after you buy them- real estate investments, stocks, college education (value in the form of smarts rather than money), educational books, etc.Remember the advice of "take advice from people you would trade shoes with".