HELP ME CREATE CONTENT THAT ACTUALLY ANSWERS COMMON IL QUESTIONS

[Vincent Incopero]

ATTENTION ALL MEMBERS of the BP CHICAGO METRO AREA:

I WANT TO PROVIDE IL SPECIFIC CONTENT IN ONE EASY TO FIND PLACE & I NEED YOUR HELP TO DO IT.  IF YOU ARE TRULY INTERESTED IN RAISING THE QUALITY OF THIS SITE AND YOUR INDIVIDUAL COMPETENCY, YOU WILL CONTINUE READING THIS PASSIONATE PLEA.

After spending may hours searching the various forums within the BP site at large and reading thousands of questions and the fifteen thousand answers given in response, I noticed an overwhelming trend:

QUESTIONS GET REPEATED OVER & OVER & OVER & OVER and the answers that follow are either:

A. Misleading and/or Wrong OR

B. Provided by contributors that lack expertise in the field they are responding on.

Think about how many times Rickie Responder simply says "Contact Joe 6 pack at Unknown Inc. and tell them I sent you."  Do you really need to tell Outsider Inc. that @Rickie Responder sent you - WTF is that all about?? 

It's difficult for me to see how that response is any different than a paid advertisement for Outsider Inc. Moreover, while I understand the value of a referral, Outsider Inc. has done nothing for the BP community at large and has no body of work that you can look back at to verify that Outsider Inc. is actually qualified/experienced/tested.

SO HERE'S MY SOLUTION, MY OFFER AND MY HAND (for those of you are suspicious of my questioning of @Rickie Responder above):

I WILL CREATE CONTENT MONTHLY (comparisons, how to's, guides, checklists etc.) THAT ADDRESSES SPECIFIC ILLINOIS LEGAL ISSUES.  I WILL POST IT WITHIN THIS CHICAGO AREA SO ITS EASY TO FIND AND UPDATE IT BASED ON READER SUGGESTIONS AND CHANGES THAT AFFECT THE SUBJECT MATTER.  THEREAFTER, ONCE IT HAS BEEN BP TESTED, I WILL POST THAT SAME CONTENT OUTSIDE BP FOR THE BENEFIT OF MY CLIENTS.

With any luck, professionals in other disciplines will take it upon themselves to do the same (CPA's, lenders, inspectors/contractors, appraisers maybe even some @Rickie Responder's that have more to say than "Welcome to BP; can I make some money off of you).

THIS COULD BE GREAT FOR EVERYONE, BUT IT STARTS WITH YOU, ESPECIALLY YOU TOP CONTRIBUTORS/GURUS/LEGENDS.  I CHALLENGE YOU TO PUT ME TO WORK, VET ME AND ELEVATE THE COMMUNITY AT LARGE BY DOING SO.  3 - 2 - 1... BRING IT @?(YOU KNOW WHO YOU ARE)

[Wendell De Guzman]

@Vincent Incopero, sounds good and I am glad that you're doing this. Let's talk OFFLINE as well. I am well connected in the Chicago market and I do deals every single day.

IL specific content that will be useful to the BP community are the following:

1. Landlord-tenant laws - for example, what are the landlord-tenant guidelines in each county, town or municipality? For example, I have landlord license in The Village of Bolingbrook because that's required but Glen Ellyn, or the other towns I have rental properties in don't require them.

2. Impact of Dodd Frank in IL as far as lease options and seller financing are concerned - someone was interviewed in a BP podcast and he gives rent credit when I know DF does not allow that.

3. Land trust - how does it work in IL compared with other states. I know in IL, we utilize bank employees as trustees. Is this really required? I know in other states (OH, FL), this is not required and you can have anyone you trust as a trustee.

4. Wholesaling in IL: the real truth about it - some say wholesaling is illegal but it's not. My attorney does over 700 HUD closings and I utilized much of his time closing some wholesale deals even with HUD. Some claim one should be a licensed agent but...not so...claim others.

5. LLC vs. corps vs. series LLCs - IL charges an arm and a leg for LLCs vs. corps. Does it make sense to get a corporation instead? What about series LLCs (I know in other states, series LLCs don't exist so again, this is IL specific information).

The above are what I can think of right now. Maybe I can think of more when we talk.