Fix & Flip
How Often Does An LLC Pay Taxes
If you’re considering starting a Limited Liability Company (LLC) or restructuring your business as an LLC, it’s important to know how often an LLC pays taxes and how to file business taxes for an LLC. As an LLC, your company benefits from receiving personal liability protection without the compliance formalities required of a C Corporation.…
Read MoreInflation Rate at 40 Year High
The U.S. Bureau of Labor Statistics, who tracks the inflation Rate is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.6% in January, 2022. However, the all items index was up 7.5% for the 12 months ending in January. Inflation Rate Buckle up… Click here to read the full release at the Bureau…
Read MoreHow Does New Credit Impact Your Score/FICO
We’re not credit experts but we have a referral partner National Care Credit (NCC) who are. This is the latest from NCC. The new credit section of your credit is broken down into basically two parts: Inquiries (where you have already received brilliant tips on) and new accounts. When obtaining a new account, regardless of…
Read MoreWhen a Chicago Building Permit IS NOT Required
We often get questions on how to do a renovation without a permit in the city of Chicago. Well here’s the official answer: A building permit is NOT required for the following types of minor work for any type of existing building* * Excludes proposed and designated Chicago Landmarks and buildings in proposed or designated Chicago Landmark districts. For more information, contact…
Read MoreDown Payment Misperceptions Persist
Tackling Home Financing and Downpayment Misconceptions This is a reprint of a National Association of Realtors Article January 7, 2022 Financing & Credit By: Jessica Lautz The article below is a reprint from the National Association of Realtors (NAR). Please note that we have some referral lenders with conventional lending programs with as little as 3.5…
Read MoreMortgage Interest Deductions 101: What You Should Know
If you don’t enjoy doing your taxes, you’re not alone. (Sometimes, it even feels feel like hot pokers under the fingernails.) But taxes can be fun when you understand how to make the best of your personal financial situations. Savvy investors must understand the power of taking all of the deductions you can—legally, of course.…
Read MoreWHERE ARE THE BEST SUBURBS FOR CITY-LIKE LIVING?
The Dallas and Chicago metro markets offer some of the best suburbs for city-living and suburban atmosphere, according to StorageCafe. By Vincent Salandro Courtesy Adobe Stock While the suburbs have not always been able to compete with cities in terms of lifestyle offerings, shifting expectations in recent years have caused many suburban areas to offer more…
Read MoreFed sees three rate hikes next year
Fed sees three rate hikes next year Fed will aggressively dial back its bond buying, sees three rate hikes next year PUBLISHED WED, DEC 15 20212:01 PM EST UPDATED WED, DEC 15 20216:28 PM EST Jeff [email protected]@JEFFCOXCNBCCOM SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email KEY POINTS The Federal Reserve provided…
Read MoreThe Top Seven Traits Of A Successful Real Estate Investor
This is a repeat of an article we love from Forbes David Green: Real estate is said to have made more millionaires than anything else. For those who have successfully made money in it, it’s not hard to see why. With so many different ways to grow wealth investing in real estate, there are…
Read MoreWhy It’s High Time to Ditch Rent Checks for Good
This is a Reprint of a Bigger Pockets Article from Remen Okoruwa Remen Okoruwa is the co-founder of RentDrop, a payment app making rent payments more convenient and rewarding for landlords and renters. The best way for tenants to pay rent is always a hot topic among landlords. Some property owners still prefer the traditional method…
Read More