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22 January 2025 | 2 replies
Purchase price: $540,000 Cash invested: $108,000 Sale price: $540,000 My client bought a condo in Lincoln park.
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29 January 2025 | 9 replies
I would lean more MTR or LTR regardless of product type.
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27 January 2025 | 2 replies
A great thing about my team is we handle the sale and property management side for investors!
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9 February 2025 | 3 replies
We have explored disposing of the asset multiple times and the same comes up during sale.
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31 January 2025 | 6 replies
However, electing partnership or corporate taxation could be seen as a sale, causing unintended tax consequences.
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4 February 2025 | 87 replies
One big one is that scaling the lease option sale to a homeowner will attract both public regulatory scrutiny and private litigation, perhaps class action, once it reaches a certain threshold.
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19 January 2025 | 18 replies
"Question: have you ever filled out a spreadsheet of cost and lifespan of each product of a property?
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13 January 2025 | 21 replies
Hey @Dalton Foote - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.
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25 January 2025 | 3 replies
Ensure the state provides a clear title upon sale.
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29 January 2025 | 21 replies
This way in case of “default” we don’t need to go thru foreclosure, or bankruptcy litigation since we already own the property on a sale/leaseback/option arrangement.