We just set up our LLC in Illinois to flip houses.  I'm preparing to file for our EIN with the IRS and need to decide if we want to be taxed as an S-corp or partnership.  I'm all for S-corp except for the requirement ...

Has anyone ever used their TSP for closing costs? If possible to use, would you recommend it?

Hi,

The Federal Housing Administration has long been a channel where borrowers who fall within the guidelines can turn to get a loan. The FHA loan allows borrowers who qualify for the program to put less money down,...

Is it usually a good idea to start an LLC to place each property in? If so, is it typical to transfer the property to the LLC after the purchase or get any financing as the LLC?

Good Morning All,I'm finishing up courses to become a real estate agent with ambitions to begin a property management company in the Buffalo, NY area.  Looking for feedback from other investors as far as what I should...

I recently became the administrator of my mothers estate. She had no Will. I’m preparing to get the deed to the house(very small). Can it be put in an LLC and not my personal name. I am hoping to buy my own home soon(...

Hey folks,

Several weeks ago, I posted some questions about what I suspected was an un-informed group offering IRA advice. As I suspected the advice was bad, as indicated by the answers I got here, my accountant, an...

Ok there are late fees and buyout the lease clauses. We even have a fee associated with a citation for our student rentals but what other fines/fees/disincentives can you enforce? I have a tenant , thankfully she ...

I'm trying to put together my first deal using our Self Directed IRA.

Our problem is we have no money for investing except what is in our SD IRA. I'm trying to find a way to use the SD IRA and be involved in a deal ...

Most of us charge fees/penalties in our leases. The normal late fees, application fees etc. Can you mention what other fees have worked well for you please?Some ideas to start the conversation.We email our tenants all...