Should an investor wish to pay Property Tax vs Privilege Tax is the largest single tax in the state of Illinois. It is a major source of revenue for local governments and their taxing districts. Residents of the State of Illinois currently pay the second-highest...

When done correctly, Investing in Mobile Homes can be a great business opportunity. My wife and I have managed a small mobile home park since January of 2000. In the last 19 years we have acquired, rented and flipped a few mobile homes. Terminology Manufactured Homes can include...

The Tax Cuts and Jobs Act was passed by Congress and signed into law by President Trump. It added Section 199A to the Internal Revenue Code. IRS Section 199A Benefits Investors.Section 199a is a new Section of the Internal Revenue Code. It allows a deduction...

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....