So, this is going to turn out to be a short diary unfortunately, as the deal recently died. Still, might be instructive - and at least maybe some of you can commiserate. An ex-hoarder house, a 3/1 in Urbana, was liste...

Hi all, I am looking for some expertise from STR landlords or accountants. I currently have W-2 earnings and realize that I can buy a STR, spend 100 hours fixing it up and staging it, and perhaps manage to get a few g...

Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...

Simple answer might be: consult CPA / get one. I'm trying to see if there's a rule of thumb of sorts.I recently rehabbed a home late last year, and spent a lot of money doing it (it exceeds my income from my normal jo...

Hi everyone! My name is Jessie and I live in Arizona. I was looking to educate myself in house flipping, so I went on Amazon and looked at the top rated books on real estate investing, not noticing the Bigger Pocket b...

Looking at purchasing a vacation rental and furnishing it in Phoenix; any advice on location, size and what to expect out of short-term tenants?

I have a house under contract and inspection yesterday.  We found some things that were as expected, some unexpected.  The biggest was the discovery of termite damage on the floor joists in the basement.  It appears t...

So close on our first buy and hold purchase.FannieMae Homepath Tri-plex that we got under contract for 160K.  The numbers worked out really well.  Not much work to be done, just a re-paint and I was going to replace a...

Has anyone used private banker services? Chase, Wells Fargo, Goldman Sachs, etc? Do you recommend them? Any pros and cons? Here's something to throw out there we too have several rentals. Our banker suggested we use t...

Hi, I've never built/owned/operated an RV Park before, but I've done lots of research, have paid hundreds of dollars to the city for a 1 hour discussion on requirements, etc. Sounds very doable, city is on board. I wo...