Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
Recently over 165 lawsuits were filed in Chicago against small landlords who declined Section 8 tenants.
Derek Harville
Grandmother wants to leave/give me trailer! Help!
6 February 2025 | 13 replies
If over that amount, she must file a gift tax return, though no tax is owed unless her lifetime exemption is exceeded.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
I doubt 10% of the GRM will equal enough to where an S filing status makes sense.The home office and such is nominal so that alone isn’t worth doing this.
Collin Hays
What part of no don't you understand?
12 February 2025 | 15 replies
After removing the expenses involved with turnovers, she is getting back a 1/4 of what she lost in that cancellation.
Sarah Ali
Found potential first property - need help on how best to approach selelr
25 January 2025 | 6 replies
Hey Sarah, if the seller has an agent, it’s best to go through them first since they’ll likely get involved anyway.For a property that’s been sitting on the market, approach with strategy.
Jimmy Chao
Selling fixer to relative and avoiding seasoning period.
19 January 2025 | 3 replies
There is no seasoning requirement involved since the property isn't a short sale and it isn't someone buying REO from a bank with a seasoning requirement.
Matt Smith
Existing Illegal Basement unit remodel and short term rental
5 February 2025 | 13 replies
It may be easy to rectify, maybe not, depends on your jurisdiction, the issues involved and the City's stance.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.
Amit Chugh
Section 8 Property
2 February 2025 | 9 replies
Sounded like there was heavy paperwork involved.
Aaron Ram
Seller Financed Deal - What am I missing?
31 January 2025 | 7 replies
There are a plethora of CT based real estate Invetsor meet ups you should get involved with.