As you have heard, investing in Chicago presents a few hurdles.

Secondly, concerning step 4, I learned that contracts are construed against the drafter, meaning that whoever drafts the contract is liable and responsible for anything misleading or fishy or sketchy on itI find this to be super smart and logical - just wanted to see if people share the same thoughts or have any comments on this since I don't really see any added risk to doing it this way Lastly, concerning number 5, the way this was presented is that having your buyer sign the contract first almost guarantees the deal going through since the buyer is showing commitment and all that - and also, apparently in the real world there's some unwritten thing where when you call back the agent in step 4 and say that you have a deal and to start the closing process, that realtor is now on notice and has officially agreed to be committed to you is this all true and works?

It is the holiday networking event but there will be one shorter presentation then just more networking.

My daughter and son-in-law were given a house as a wedding present, (nice I know) when can they sell it, and not pay capital gains.

Therefore the only way they will remove him is by court order with a court officer present.

Your ARV of ~110k presents ~58k -cost of sale, leaves a pretty respectable tax free capital gain on your primary residence!

I bet that your buyer on that one figured the ARV to be more like $130K and the repairs at closer to $10K (Assuming that your assessment of what needed to be done is close) and that gives you a MAO of just over $80K.It seems super unlikely you are presenting any deals that have $60K profit in them.

If you're buy and hold, no time to start like the present!

Does the assignor need to be present at closing?

Instead of cold-calling, which often doesn't have the same comfort level as conversing with someone you've an established business relationship with already.Only this time, in lieu of a wholesale offer, you can present a potential jv rehab deal.