A frequent question at Illinois REIA is, “Which is Better, Buy and Hold or Flip?” Here is the short answer. It depends upon your needs. Flipping creates CA$H. Buy and Hold creates WEALTH. Flipping Flipping is one strategy that has a main focus on turning properties over quickly....
Never Put your Kids Names on Anything! I bring this up because every once in a while someone comes up with the brilliant idea to put things in their kids names to avoid liability, probate, seizure by Medicaid or Medicare or hide it from a...
Rent Control is Wrong. Have you ever wondered what happens if the local municipality imposes rent control on apartments? This was a recent topic of discussion on one of the forums I follow. First we need to agree that rent control in any form is a...
A “Health Savings Account” (HSA) is one of the most tax efficient and versatile retirement accounts you should own! A Self Directed HSA is an IRA version 5.0. With proper planning, a self directed HSA can literally outperform a 401(k), Traditional IRA, or even a Roth IRA! What is an...
Our students have asked more than once, “Will raising the minimum wage cause rents to increase?” This question is in response to the state of Illinois passing a feel good bill raising the minimum wage in the state of Illinois to $15.00 an hour, over...