All Forum Posts by: Nicole Duran

I feel that its always good to confront your realtor and ask him/her what needs to be done to get the home sold. I would ask for a market analysis showing what houses are currently on the market, under contract, and sold in past 3-6 months depending on inventory. I also like to use a 12 month comparable analysis in additional so you can take out seasonality. 

It's really hard to say what to do without more data. If your realtor has superb marketing and is working the listing then the listing can be over priced depending how active your market is at this time. If the realtor does not have the following then it might be priced right but the realtor isn't working the listing.  You really don't know unless you do your homework and analyze the situation.

Long story short, step 1, ask your realtor for a new game plan and if they don't have a good one that sells you then step 2 find a better broker. When finding a broker its always good to do your research on who does the most sales in your neighborhood. Then meet with them and ask them to show you their listing presentation aka what they will do to sell your home.  Also, keep in mind that you pay for what you get. Do not go with a discounted brokerage when selling real estate. Once you find the best broker then keep them for future flips and  focus on building that relationship. 

In this business its ALL about building relationships and how good your team is.  

@Sarah Pursell

I would sign for six mo this and get on the prime rental season. Then raise rent quit a bit. If she takes it then at least you have more money in your pocket to put up with her. Also keep in mind that there are horrible tenants that smoke, throw parties, and trash your property so you just need to ask yourself what you value more.

I’m looking for 2-4 unit buildings in Logan Square and Avondale in Chicago. Please message me if you would like to sell your building for a fair price.

My attorney's always say not to take security deposit and just do a non refundable move in fee. Chicago tenant rights completely benefit the tenant. Even if they do mess up the place you have to go through an entire process to keep any of the money anyway. Read all the requirements and follow all steps or they can sue you or even get out of their lease if they need to find a loophole. If you are really worries make them get renters insurance and you get insurance too and call it a day. One big thing landlords don't know about security deposit is that it has to be in a completely separate account with no other money besides other security deposits. This also has to be an interest bearing account so you need to have tenant fill out a w-9. And always give receipts for security deposit. I would also do a walk through video and get on camera the condition of place bc if you plan on keeping any of that money you have to be able to prove it if needed.

Hello everyone, Does anyone have a CPA in Chicago that specializes in Real Estate Investing? I am a real estate Broker and want to start aggressively buying property but first want to get all my ducks in a row. My goal is to find a full service CPA who can advise me on retirement investments, tax write-offs, and company structure as far as LLC, S-Corp, C-Corp. Any referrals would be greatly appreciated.

Hello everyone, Does anyone have a CPA in Chicago that specializes in Real Estate Investing? I am a real estate Broker and want to start aggressively buying property but first want to get all my ducks in a row. My goal is to find a full service CPA who can advise me on retirement investments, tax write-offs, and company structure as far as LLC, S-Corp, C-Corp. Any referrals would be greatly appreciated.

@Erik Biatti- Hey Erik, thanks for reaching out. I live at Logan and California so we are just a hop skip away from one another. Let's grab a coffee and chat. PM me your availability for this coming week. Talk to you soon.

@Mark Hafeli- Let me know when you are ready to hit the ground running so I can reach out to my network for some pre-market listings for you. 

@Mike Nelson- Logan still has a lot of room for growth and a good neighborhood to invest in. Would you like to meet for a coffee to chat? If you are not in the city a call can be just as good if that works better for you. Let me know.

@Oscar Jacome Thanks Oscar, I have been watching a podcast a day and I already read the tax strategies for real estate and learned about so many write offs it was worth every penny.

Dmitriy Fomichenko thank you for the tip. Very helpful Dorothy Wulf absolutely. Do you have any listings coming up on the market. I have a ton of buyers and investors so PM me if you do.

Alex Bok stay walking distance from the EL