I obtain a hard money Fix and Hold Loan and purchase the property from the owner.

It sounds so sexy to see a $5,000 home on the MLS and people feel they can´t lose.

It’s your choice, and I’m sure you worked very hard to obtain that paid off asset.

Some states require the deposit to obtain interest.

I am looking for recommendations on the best way to build a website for the purpose of obtaining private money for my real estate business.

Typically a tax sales is initiated by the County Treasurer to satisfy delinquent real estate taxes and a non tax sale is initiated by a creditor (such as a bank or entity who has the MER lien) who is trying to satisfy a judgment obtained against the debtor.

Lastly, after you receive advice from other Chicago area SLH operators & the local municipal agencies that will not only save you time but direct you towards ways to save you money, you are going to likely want to register your business as an LLC with the state and obtain the proper small business renters Insurance policy under your LLC’s name (if its just a 2-3br operation the policy monthly premium  cost will be very low and will shield you as an individual from the very probable situation of being personally liable for the behaviors, damages, & actions of a traditionally high-risk short-term tenant group bc no landlord’s homeowners insurance policy will cover any damages or personal liabilities that will occur when they discover the nature of the operation.

Three drive by shootings later (that blew out two of my new windows and the front t door) I got them out.

Not closed yet.The property was obtained in a 1031 Exchange ~46 months ago. 

We understand the rent is still due and payable, but even if the tenant does not pay, it will be up to the landlord to go through l/t court or other collections post-moratorium to sue for the money.