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12 January 2025 | 21 replies
Quote from @Michael Ewers: Hey y'all, Wondering what is the best marketing strategy for obtaining off market leads?
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18 February 2025 | 11 replies
Misclassification can lead to tax penalties.Donating to a church is fine, but tax-deductible donations have limits (usually 60% of AGI), so sending all wages wouldn’t fully offset taxes.
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5 February 2025 | 0 replies
This experience proves that even with challenges, strategic renovations and persistence can lead to a profitable outcome.
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31 January 2025 | 2 replies
.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.
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20 February 2025 | 13 replies
.✔ Stick to a Consistent Screening Process – Fair Housing laws require uniform screening criteria, so making an exception for one applicant could lead to discrimination claims.
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9 February 2025 | 4 replies
He told me that without installing a sump pump system (at a cost of $12k), the foundation will continue to deteriorate, which could eventually lead to bowing basement walls—an issue that could cost upwards of $50k to fix.The inspector asked if the previous homeowner disclosed any water damage.
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28 January 2025 | 0 replies
Consider temporary work if needed and be proactive in finding new leads.2.
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5 February 2025 | 9 replies
And I agree that it can work in gaining leads.
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5 February 2025 | 0 replies
This project highlights how purchasing from motivated sellers, making strategic renovations, and selling to retail buyers can lead to successful outcomes.
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23 February 2025 | 7 replies
If R5 is an option, then I might have some areas I could look into.All of this leads to my two questions:1. any tips/advice on how to best transition between my current primary residence and a new one?