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8 November 2024 | 5 replies
If you are with a cloud brokerage like eXp or Real, you can just move and stay under their umbrella with a new state broker after you complete whatever Illinois needs for reciprocity.If they don't have a TC team, you will need to complete and upload all of the paperwork, but they should have compliance videos for you to do.
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7 November 2024 | 15 replies
Here is an update : https://chicagorealtor.com/advocacy/advocacy-resources/northwest-housing-preservation-ordinance-issue-summary/The DOH has posted the forms required to be in compliance with the ordinance which means any properties not under contract by 11/9 will need to be pulled off the market and 30-60 days notice must be provided before listing.
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6 November 2024 | 8 replies
I think the only legal way a seller could get that assurance would be to close the loan in 2nd position, and after everything was recorded you sign a new promissory guarantee or other collateral in case of default.
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9 November 2024 | 17 replies
However, strict compliance with IRS rules is essential to avoid penalties and preserve the tax advantages.Best of luck with your investment!
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11 November 2024 | 65 replies
(Turn-Key- meaning, they don’t have to deal with Tenants, Toilets, or Trash)In other words, all they have to do is close on the carefully vetted properties we bring to them.We provide property management, title, attorney and Insurance.We even screen tenants, deal with the various gov’t programs and provide a 3 month rent credit on the HUD.You’d see a firm that believes in keeping all investors continually “in the know” about their investments.And if that’s what you see, you’d be partially correct.But by taking a deeper look, you’d see that we’re much more than that…People choose us based on four main criteria…✅ Relationships✅ Accountability✅ Integrity✅ TransparencyIt’s about operating with integrity to build trusting relationships, being transparent with both successes and failures, and taking ownership through accountability…Focusing on taking care of our greatest asset, which is the people who choose to align with us.We want them to be able to lie down at night and sleep like a babies because they know we have their best interest in mind and always working to proactively solve any issue that may arise.To be 100% hands-off, while enjoying the passive income that hits their bank account every month.Just as sure as the sun rises…To the tune of double-digit net caps WITH equity.We conduct extensive research to know which markets present the biggest opportunities, which reduces risk and maximizes upside.And the best part?
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4 November 2024 | 1 reply
We wish you the best in your housing search.Sincerely, [Your Name/Property Management Team]---This phrasing keeps it professional and avoids specifics, which can be helpful from a fair housing compliance standpoint.
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4 November 2024 | 1 reply
Consulting with a contractor or local building official is advisable to navigate compliance with safety requirements while optimizing your renovation project effectively
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4 November 2024 | 4 replies
Potential for Permit Revocation: Non-compliance with noise ordinances, occupancy limits, or HOT reporting can result in permit revocation.
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4 November 2024 | 9 replies
One letter explaining the moratorium requirements may be enough to spook her into compliance.
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7 November 2024 | 45 replies
I can assure you, this will cost you more money before it's over.