Additionally, for each existing and future Illinois investment property, I intend to:- Deed each property into separate Land Trusts.- Establish an Illinois LLC that will be taxed and will own the interests in the Land Trusts for my Illinois properties.- Set up a new management entity taxed as a C corporation, which can be fully owned by my revocable living trust.

The first exist strategy was to flip it, but what about a second one? 

It's lazy how it was presented.I know you read down further, but the point was that every single business coach that has ever existed would have given the advice that I gave without saying the exact same words.

@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.

Hi all - I'm struggling with what the best type of analysis to use to come up with to compare investment options and wondering if anyone could help me focus on the right metrics.I am trying to make a decision on build on an existing piece of land that I have or to buy a completely different deal.Details:- Currently own/operate a triplex that cash flows very well.

Have you talked with a lender on the plan to refi your existing home?

How does the PL prove that a deed of trust ever existed?

You have a number of ways you might be able to finance multiple down payments — potentially through partnering with investors or using HELOCs on your existing properties, possibly even seller financing.

Unfortunately, there is a good number of illegitimate PMs and contractors in the Cleveland area, BUT quality property management does exist here.

Without that existing network, I’d find out-of-state management much more challenging, and I generally wouldn’t advise OOS management for new investors who don’t have reliable local contacts.Currently, I’m in the process of transitioning my properties to a local property manager.