Business skill

Welcome to your home tax deduction checklist! For homeowners, this guide is a godsend since, let’s face it, the new tax plan bill has caused a flurry of confusion. Don’t worry, the old IRS codes still apply to filing this year, but that also means it’s your last chance to take advantage of many traditional tax deductions (which is money you shave […]

I purchased a home off of Auction.com a couple of weeks ago. When I tell people where I found the property that I am renovating the follow-on question is “how do you purchase a property off Auction.com?”.  I am not an expert but am willing to share my limited knowledge. Use this blog to increase […]

Rehabbing can potentially be a significant investment if done correctly. However, to pull off a rehab project successfully it is important to know a few things in regards to rehab. In addition, avoiding investments that would later prove problematic is also important. There are certain things you should keep your eye out for – things, […]

Everyone in business makes mistakes. When you are self-employed your mistakes tend to sting a little bit more. Instead of explaining yourself to a boss, there is nobody to blame but yourself. Under the right circumstances a mistake can be used a learning experience. However, if you continue to make the same mistake again eventually […]

A healthy real estate portfolio is one of the keys to true long-term wealth. Even a sole single-family rental can completely change your financial outlook. As much as you may see the upside with a rental, there are a handful of negatives that can be difficult to ignore. There is no question that if you […]

If you have a big purchase coming up or you’re often turned down for loans, you’re probably trying to find ways to improve your credit score. The world of credit ratings is full of misunderstanding and confusion – no surprise many people get it wrong so often. For example, just a 50-point score increase can […]

Seems like we are being bombarded with news and information about the real estate market. As you read/listen to this news it is easy to get confused as to what is actually happening. One day you are hearing that interest rates are going up and this will slow the market down. The next day you […]

A couple of weeks ago I wrote about the impact of the property assessment, exemptions and tax rate on your property taxes. I mentioned that the tax rate does not change drastically from year to year. I also wrote that the investor greatly impacts the assessed value and the tax emptions that can be applied. […]

I was reading the paper this morning and came across the Tax Assessment Special Section. This got me thinking about the impact updated property tax assessments and property taxes in general can have on the Return on Investment (ROI) of your Real Estate investment. Items that Impact the Tax Amount There are three things that […]

Selling a home in Peoria Il can be very exciting but may also make you feel a little uncomfortable. Most of us buy and sell just a couple of homes in our lifetimes. Therefore, this is not something we do every day. It is natural to have questions about the home selling process. One of […]