17 January 2025 | 5 replies
Self-showing services are extremely common but that should be in the contract.
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13 January 2025 | 1 reply
Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.
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31 January 2025 | 3 replies
Our tenant would have a key and could assist people in through that entrance if needed.We closed, and at closing the developer signed a contract to install a door and escrowed $20,000 in the event they did not end up doing it.
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15 January 2025 | 15 replies
This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.
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12 January 2025 | 13 replies
We're exploring creative ways to provide him with the cash needed for the down payment while avoiding triggering a taxable event.One strategy we're considering is purchasing his future primary residence ourselves, making the mortgage payments, and then, once we've built enough equity—comparable to the appraised value of his rental properties—transferring the title to him as a form of exchange.What are your thoughts on this approach?
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3 February 2025 | 7 replies
Property Bank StatementsTitle, Appraisal, Environmental, Survey Reports – If availablePurchase Contract
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29 January 2025 | 6 replies
It is probably worth your time to connect with BOTH @John Warren and myself since we are both managing brokers, but John is more focused on property management and I am more focused on general contracting, but we are both Chicago investors as well.Oak Park and Lawndale are definitely two different markets.
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25 January 2025 | 2 replies
Here's an example of a property I have under contract and my comps on it.
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25 January 2025 | 155 replies
Anyone want to sell me their contract from this course?
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17 January 2025 | 3 replies
Specifically, I’d appreciate:•Wholesale contracts: Recommendations for templates or tips on using contracts effectively with sellers and buyers.