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25 April 2019 | 17 replies
(Effective September 30, 2018.)(1) A landlord may not, based on the source of income of an otherwise eligible prospective tenant or current tenant:(a) Refuse to lease or rent any real property to a prospective tenant or current tenant, unless the: (i) Prospective tenant's or current tenant's source of income is conditioned on the real property passing inspection; (ii) written estimate of the cost of improvements necessary to pass inspection is more than one thousand five hundred dollars; and (iii) landlord has not received moneys from the landlord mitigation program account to make the improvements;(b) Expel a prospective tenant or current tenant from any real property;(c) Make any distinction, discrimination, or restriction against a prospective tenant or current tenant in the price, terms, conditions, fees, or privileges relating to the rental, lease, or occupancy of real property or in the furnishing of any facilities or services in connection with the rental, lease, or occupancy of real property;(d) Attempt to discourage the rental or lease of any real property to a prospective tenant or current tenant;(e) Assist, induce, incite, or coerce another person to commit an act or engage in a practice that violates this section;(f) Coerce, intimidate, threaten, or interfere with any person in the exercise or enjoyment of, or on account of the person having exercised or enjoyed or having aided or encouraged any other person in the exercise or enjoyment of, any right granted or protected under this section;(g) Represent to a person that a dwelling unit is not available for inspection or rental when the dwelling unit in fact is available for inspection or rental; or(h) Otherwise make unavailable or deny a dwelling unit to a prospective tenant or current tenant that, but for his or her source of income, would be eligible to rent real property.(2) A landlord may not publish, circulate, issue, or display, or cause to be published, circulated, issued, or displayed, any communication, notice, advertisement, or sign of any kind relating to the rental or lease of real property that indicates a preference, limitation, or requirement based on any source of income.(3) If a landlord requires that a prospective tenant or current tenant have a certain threshold level of income, any source of income in the form of a rent voucher or subsidy must be subtracted from the total of the monthly rent prior to calculating if the income criteria have been met.(4) A person in violation of this section shall be held liable in a civil action up to four and one-half times the monthly rent of the real property at issue, as well as court costs and reasonable attorneys' fees.(5) As used in this section, "source of income" includes benefits or subsidy programs including housing assistance, public assistance, emergency rental assistance, veterans benefits, social security, supplemental security income or other retirement programs, and other programs administered by any federal, state, local, or nonprofit entity.
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5 May 2019 | 7 replies
Closing costs to start and then monthly costs of the mortgage, utilities, insurance, and advertising/tenant placement.
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23 April 2019 | 0 replies
In doing this will increase the final NOI as well as add the 2nd entrance into the park.During the advertisement of the units for sale, the new lot rental rate of $300/mo.
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24 April 2019 | 3 replies
All of these units cash flow "fairly" well and the businesses support themselves, but not much more than that.
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23 April 2019 | 6 replies
Sales comps support the repaired value for the refinance.
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5 May 2019 | 2 replies
That is what I do as a broker - support my agents that need help!
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27 April 2019 | 3 replies
We have supported as lender when folks purchased for $17,000 and sold for $30,000 same day.The flipping, land lording might need some cash of your own; even though you can get lender involved for portion of it.There are other tweaks and variations on real estate; which you can explore as well.See what works best for your situation and change as you grow.
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26 April 2019 | 5 replies
I usually just advertise it as a 2 bedroom unit with a storage/office/den/extra room, but it just feels like there is so much wasted space.
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24 April 2019 | 5 replies
The main objective is to have them keep my lease both correct and legal but I also want someone who can protect my assets throughout this crazy journey .I live in Louisville Kentucky but the property is located just across the pond in Indiana if any of my locals have a lawyer they would recommend.Thank you ahead of time and I appreciate all the support guys.Talk to you soon-Jake
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4 May 2019 | 6 replies
@Eric Bate based on the numbers you provided you could do a refinance and take cash out to support a down payment on a new property in Chicago.