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12 June 2020 | 17 replies
There are many types of real estate deals you can do with minimal money.I became interested in REI when I was around 18.
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11 June 2020 | 3 replies
I have 1 rental, purchased in 2015 for $125k that my wife and I lived in for a year while we rehabbed it. Since then we purchased another primary residence, and we've been renting the original one for $1500/mo for the...
10 June 2020 | 6 replies
As a general rule, if you do work to improve the building it increases the assessed value.But the amount could be negligible in the end and there could be a delay of a year or more until it affects the assessment/taxes.For example, if the assessed value increased by $10,000, taking into account the 40% discount on assessed value for owner occupants and applying the tax rate of 24.56, would only result in $147 more tax per year.
10 June 2020 | 5 replies
But it’s good to know all your options if you are looking to minimize your negative numbers.
12 June 2020 | 10 replies
There will be minimal vacancy and are usually in safer neighborhoods.
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10 June 2020 | 1 reply
The recent legislation to delay evictions takes away landlord rights and assumes landlords will do the wrong thing.
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12 June 2020 | 4 replies
So far The tenant got in in December in paid each month until May (with one time having 2 days delay). unemployment entitlement(tenant didn't get the money yet): Thank you very much for your help and advice!
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14 June 2020 | 1 reply
Full time educator that runs her other real estate school- Brokerage has own app where we store training videos and guest speakers from our events- Mentoring program for new agents to shadow experienced agent- Brokerage creates template personal site for me- 2 education classes/month via Zoom- 1 Sales meeting/month for education & motivation- 1 meeting/month on technology use, a staff member that deals with IT needs- 70/30 Split- $355 Annual Office desk due- 2% Transaction fee- No lead production, produce own leads, repeat & referral- 223 current & pending listings- Have had new agents close 20 homes in first year and other only 6 homes; variesBrokerage C:- This is Keller Williams, so probably pretty standard and y'all are familiar with them, I'm sure- Within my region: Own 12% of all inventory; 600 to 900 active listings and closed just under 3,500 homes last yearBrokerage D:- 21 agents in local office- Momentum Program for training- 95% commission paid on a transaction, fees included but you choose how much you want to spend (private office/shared office/WFH office,- Brokerage does not provide leads but can obtain leads from sister brokerage, no cost- Currently 82 listings, 50 active, states it is currently a seller's market- Goal is to sell at least $2,000,000 per year- Average sale price for last 90 days (8 properties) is $260,400Brokerage E:- Training videos available- Weekly sales meetings- Ninja sales training 2-3/month with Q/A's- Offer a one-on-one mentorship program for new agents- Mentor and I would split commission 50/50 first couple of transactions or when I'm ready to go solo- Lesser degree mentorship for 75/25 commission- $46.50/month Brokerage fees Plus $25/month on E's&O's- Own website on brokerage webpage for $10/month- 70/30 Commission split; 95/5 for sale milestones- Once you pass $5M in sales, you're still on 70/30 split until you pay out brokerage $20,000, which in turn split becomes 95/5- 3% broker fee each transaction with $3,000 cap- Can provide leads by signing and paying up for different things (ICC/OPCity/Buyside)- 255 active listingsBrokerage F:- Extensive 6 week onboarding process for training- No monthly fees; biz cards/signs/lockboxes/marketing all paid for- Provides leads- 2 CRMs that hold database of your clients- Usually 100 listings at any given time, lower now because of Covid- Minimal standard to remain with company is 24/year.
11 June 2020 | 5 replies
The eviction process is task and time driven so delaying constantly in hopes of collecting the money only exacerbates the situation.Good luck moving forward.
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12 June 2020 | 7 replies
Im hearing that attorneys haven’t got the deed from title company yet and Covid is causing delay in getting it back from the cook county.