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 ...

Hi everyone. Ive been a bit of a ghost follower for quite some time and recently decided to really start this REI journey. Ive always been interested in real estate but thought id have to have tens of thousands of dol...

I have heard tidbits about this, but i want to try to get a full understanding. With a self directed IRA, i have heard that it is easiest (contractually) to invest money as just a hard lender. If you begin doing any w...

I own a rental in a condo association and I think the dues are a little high. Is there anything I can do to reduce them? Can I talk with the board, or would I have to actually get myself on the board. Has anyone had a...

I already have an e-mail into my attorney/CPA with this question (so don't bother telling me to check with one), but while he's answering the 80 or so e-mails before mine, I thought I'd post this question here to get ...

Hello.  My wife and I recently purchased our first rental property in a rural Ohio town.  We have remodeled the interior and have just started the rental process.  Our first, and so far only, applicants are a couple w...

I have a unique situation, and since you all are experts in the real estate world, I wanted to get the opinion from knowledgeable neutral parties. Appreciate you taking the time to read my post.

My wife and I...

Hi, I'm a younger investor (27) with quite a bit of education under my belt. I've attended my local REIA for over a half year now, took the license course, read many great books, and did a 3-4 month intensive mentorsh...

Hello all!  My name is James Kulakowski and I'm a newbie to the REI world.  I currently live in Saginaw, Texas with my wife and two dogs.  My wife and I are in our early 20's and are fortunate to have purchased our ow...

Last year, I set up a CA LLC owned/controlled by a WY LLC, with the intention of deeding my 20% share of an apartment building into the LLC. (I've been on title as 20% co-owner.)I was able to transfer my share with th...