Planning on purchasing my first owner-occupied 2-3 flat in Chicago, IL this year with plans to continue purchasing buildings year upon year, to grow a small Chicago realestate empire.Thanks,Paul

I've bought them at lower percentages than that.Let's just see about some that I can easily remember (I may be off two or three grand in my memory here or there):47, listed for 7518, listed for 49 (or was it 51?)

Make sure that you each have umbrella insurance of at least $2mm.Recognize up front that partnerships often result in frustration and remorse due to inequities in work performed (that is not property recognized in the operating agreement), differences in opinion on how to grow the business (take distributions versus plow all profits back in), etc.

., there is a big capital gains tax that can be avoided· Assets continue to grow in an income bearing vehicle earning interest or dividends, and the account continues to benefit from investment growth.

Remember you don't have to own a property to control it.Good LuckPaul

We could always use more help around here, and you'll grow by leaps and bounds by just entering conversations here.Thanks for joining up!

(I'm speaking from information I read a year ago and I can't remember where I read it, so I might be entirely wrong) I thought in the bahamas you can only own land if no bahamians what that property, then it can be bought by an outsider.

I remember the exam to be challenging.

Remember you don't have to own a property to control it.Good LuckPaul

It turns out, I couldn't remember if I actually ordered them, or just meant to.