According to the City of Chicago tax code, it costs $5.25 per $500 of the transfer price.

See, California Civil Code 789 and Covina Manor v.

Our short-term residential investment property loans are typically 60-80% LTV and all are personally guaranteed by the borrower(s) -- we pull credit, background and PFS on each guarantor, verify experience, verify liquidity, underwrite the property, neighborhood and zip code.

Also had a random thought how it’s interesting that these laws are getting passed by the state and they seem to magically get altered in the subsequent years in very significant ways.

@Scott Trench   ​    I saw that as well online - 90 day moratorium - basicaly no unsolicitied offers to homeowners impacted in specific zip codes.

I actually used to have a game modeled after Monopoly that was called Slumlord😂 same type of antics with buying property, maintenance cards, dealing with code enforcement etc… Bought it at a real estate convention 

Those same 40K homes have now tripled and quadrupled in value since i first started now being valued at 160K+. 46218 was one of the last affordable zip codes in marion county.

, lack of fence above bricks is a safety issue (is it up to code?).

At the same time, someone else reduces your debt, and you get to use the tax code to improve your tax situation legally.  

the key will be breaking the Broker code its one thing for Brian to get a look at good deals its another for the average investors