I am trying to get my barrings straight on taxes, fees, etc. associated with short-term rentals.  In my state short-term is considered less than 30 days.  According to my reading once classified as a short-term stay I...

Hi Guys,I have a Section 8 tenant who I fear may over stay past their lease. I'm looking for contingency strategies on how to manage the situation. But first the background:- Acquired 3 Flat Building in Cook County  F...

Hello all,
Thanks for reading and commenting - 1st rental duplex will close on 05/22 if all goes well. LLC is set up with Illinois, and paperwork is complete.
No tenants yet. I am going to hold the building for abou...

1) Am I at risk if I try to wholesale without an LLC?

I read a post from @Ned Carey in this thread that mentioned an LLC is less important if you have less assets to protect. What about as protection from a...

Per property how much are people currently paying per property for cost seg?  I heard its 5-10k per property.  

Hello everyone! To all the landlords with rentals in LLCs, how do your tenants pay the LLC? Is Venmo/Cashapp/Zelle acceptable?  Can LLCs even get those? Is there a more official way to accept payment?  Just getting st...

The official proving of a will. Is the definition I got on google. Can someone help explain in your own words?

Good evening BP,I started a new LLC for my buy and hold properties and I'm trying to figure out how I should "properly" fund it. I opened up new bank accounts under the LLC and want to move funds from my "personal" ac...

Hi BP, I’m selling some land right now FSBO, and have multiple offers coming to the table it looks like. My main problem is I don’t know how to put the paper work together. I’d love to take a cash offer, however mo...

I've been working toward this goal for a long time, and it is finally official. After being a college professor for the last 12 years, I decided it was time to make the leap. Last year I made more on real estate than ...