Dear Illinois REIA: Should I set up a Single Member or Multi Member LLC ? As a business strategy I want to start doing fix and flips and want an LLC for the liability protection. Up till this point I’ve been considering a single member LLC...
It is time to file your Illinois Real Estate Tax Appeal. This blog post is courtesy of a question from Jay in Cook County Illinois who just has a surprise awakening. Jay bought a foreclosure and the tax bill doubled from $2,000 to $4,000 in...
Choosing an S Corp -Dear Illinois REIA: Has anyone in Illinois filed for an S-Corp? Can you give advice on the process of Choosing an S-Corp? How Illinois may differ from other states? Is ***** **** satisfactory or should I go a different route? Alex: Our June...
Illinois REIA and I would like to personally wish everyone a Happy Independence Day! Here is a short refresher as to what it means - After almost one year at war the Declaration of Independence was finalized on July 4th 1776. The Continental Congress did not...
Below you will find the new Illinois REIA Member Benefits that were just unveiled at the annual National REIA Mid-Year Leadership Conference* in Provo Utah. In addition to the New Benefits many of the existing benefits received some major upgrades. These discounts are only available...