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12 July 2024 | 7 replies
I've dabbled in the new construction space here in Chicago and there is A LOT that goes into it...I'd highly suggest spending some 1:1 time networking with some other investors like @Jennie Berger or @Prashanth Mahakali who are both Chicago developersYou make your money with the land purchase and then systems/processes/volume over time in the development game, but it's not easy and competition is high!
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12 July 2024 | 24 replies
The purchase would likely need to be consummated at the higher price in order to establish the "damages" to which you are referring... and then I would refer you back to the other potential issues I raised with respect to a negligence claim.Responding to a demand letter with "go pound sand" is not the same thing as defending a lawsuit.I just don't see any attorney taking this $12K case to trial and that is what you are suggesting as the end game.
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11 July 2024 | 22 replies
If yes, then it will be helpful to decide how to optimize additional payments across different mortgages.
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14 July 2024 | 27 replies
If she is going SFH route, then she might be able to get a DP even lower depending on qualifications.
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12 July 2024 | 10 replies
If i buy the property as myself and then transfer the title to the LLC, it could trigger the pay in full clause.
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11 July 2024 | 0 replies
Purchase price: $342,000 We purchased this home in 2021, lived in it for two years and then started renting it.
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11 July 2024 | 5 replies
Take as long as possible and then refinance?
12 July 2024 | 18 replies
This can be a very expensive mistake if you don't make the phone call to check.I am not going to choose sides or define multi-family because the original post didn't ask that and also because the answer will vary from one town to the next.I encourage any current or future readers of this stream to look at the original post then follow the advice I have given and will repeat one more time - if you don't know 100% for sure if your intended use is allowed whether by change in use or grandfather status, then call the LOCAL code enforcement office, explain to them your specific situation as well as your intended use, and let THEM advise you.Disclaimer - this is not to be considered legal advice, but I am beating my head against the wall explaining it because it is an elementary lesson in real estate.Best of luck to all.
11 July 2024 | 6 replies
And then, you'll have investors calling the SEC.
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11 July 2024 | 7 replies
these are facts and circumstance cases.. did the contract have a mandatory mediation then arbitration clause or do you have to go straight to the court system.either way if seller does not cooperate your going to spend some months flushing this out.