Hello everyone, my partner and I own 4 buildings comprised of 22 units in the Chicagoland area free and clear. they are fully rented. We also fix and flip single-family homes in higher income sections of chicago.

W...

When protecting yourself and your investing partner in a two-member JV (LLC), it's advisable to get life insurance for each partner.  Which is the simplest/best solution to implement this?A) the life insurance is purc...

Hello,Can someone share information on Business liability coverage for an LLC created to hold investment properties?Does the insurance need a 'person' on the policy or can the policy be in the name of the LLC?Is there...

I have been buying and selling real estate for about fifteen years in several different states.  I have had major ups and downs both in spite of and despite the pricing bubble that we experienced.  Mine has been a suc...

Hi everyone, I work for a new carrier focused on rental apartments (single and multi-family properties).
We're on a mission to create a better insurance product for landlords/real estate investors. 
What do you thin...

I am continuing to work on my policies and procedures. Does anyone else have a rough draft or finished product they can share? I will offer my feedback and share my procedures with you in return. Would like to work wi...

I just got off the phone with the lender on a property I bought a year ago, and after several calls I have discovered that the title company did not pay the homeowner's and flood insurance after closing. Wonderful!...

Hi all,a little off-topic but I think it is an important matter.So, the bank asks you to have Life Insurance to protect itself. It can be either your own or you can pay extra for your monthly mortgage payments.I happe...

First time asking for deal analysis. The kicker is that they are offering seller financing. What should I ask for in terms of seller financing, what is a typical agreement? Would like to put down 25% and get se...

There are hundreds of topics on this forum regarding tax strategy for LLC. When I talked to my CPA, they explained if I will classify my company with IRS as S Corp, then I will be avoiding paying self-employment t...