18 June 2019 | 1 reply
I’m 18 and my goal is to get my first rental before I turn 20, but I’m not sure how I could go about it like if course save up money but how could I ever get a loan at such a young age to finance it?
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18 June 2019 | 1 reply
I know some people your age who are killing it.First off if you are going to partner up make sure you have a thorough agreement in writing spelling out roles, investment, profit splits etc.You will need a title company or closing attorney to close your deals.
21 June 2019 | 26 replies
many in real estate sales never really learn proper technique its a learned skill.. there is a reason there are top performers in real estate.. they simply have better skills you can learn those skills.I was taught them at a young age and by some very sharp salesmen..
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18 June 2019 | 4 replies
You should build up reserves, 5-10%, from rent to meet those expenses depending on the age of the building and condition.
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19 June 2019 | 6 replies
Supply and demand heavily favors the solid GC in the current market; my retirement age GC father in law says that he's raised his retail first time customer rates 20% per year for the last 4 years and, in his words, "no one has even blinked."
18 June 2019 | 3 replies
I've only done a handful of flips but I always replaced the heating systems, roofs, and any other major system that was even remotely borderline on age or wear.
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25 June 2019 | 5 replies
I actually told her maybe she should get rid of the cats just so she would have more options for apartments to rent, but she's a crazy cat lady already at age 20 so I knew my advice would go in one ear and out the other!
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19 June 2019 | 1 reply
When I decided at a much earlier age to learn plumbing and make a career out of it, I also learned my requirements to become licensed.
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19 June 2019 | 0 replies
Breaking even is partly due to inefficient management, but also high taxes(Chicago) and the age of the building.
23 September 2019 | 13 replies
Prohibits an RGB from setting longevity rentincreases.Part D: Repeals High Rent Deregulation, which allows units to be removedfrom rent regulation upon vacancy after the rent achieves a high rentthreshold; and Repeals High Income Deregulation provisions, which allowsunits to be removed from rent regulation if a tenant's income is$200,000 or more for two consecutive years.Part E: Sets the Preferential Rent as the base rent for the duration ofa tenancy, but preserves regulatory agreements that allow for legal rentincreases.Part F: Allows HCR or a court of competent jurisdiction to look back at6 years of rent history when determining rent overcharges, or a longerlook back period if it is reasonably necessary to make a determination.Eliminates the ability of an owner to escape punitive damages where theovercharges were willful.Part G: Enacts the "Statewide Tenant Protection Act of 2019" to allowany city, town or village to opt-in to ETPA and provides the appointmentof the members of the new RGBs to be done by the opting-in munici-palities.Part H: Amends the maximum collectable rent increase formula thatapplies to Rent Control units to set annual increase at either an aver-age of the last five years of RGB increases, or 7.5%, whichever is less;and prohibits Fuel Pass-Along charges for rent-controlled tenants.Part I: Reforms the personal use exclusion to limit the number of unitsan owner can take out of rent regulation, and requires the use to be animmediate and compelling necessity for use as a primary residence.Part J: Ensures that units rented by nonprofits to provide housing tohomeless or previously homeless people revert to rent regulation at theend of the use by the nonprofit, and that the previously homeless personor persons are treated as tenants for purposes of the law.Part K: Major Capital Improvement (MCI) & Individual Apartment Improve-ment (IAI) Reforms*Limits approvals to work for essential building functions and otherimprovements (e.g, heat, plumbing, windows, roofing); exclude mainte-nance.