Ken Yu
How many deals does the average wholesaler have on contract?
21 February 2017 | 4 replies
For earnest money, whats your standard percent of the sales price
Brian Cornick
Financing second SFR
20 February 2017 | 3 replies
I don't want to wait a year to acquire my next property through standard financing, but don't feel comfortable structuring a complex financing deal yet.Any advice?
Alex Ewing
My Murray Circuit breaker tripped twice today
23 February 2017 | 10 replies
It is standard practice to have a microwave on the same circuit as a gas range, especially when the microwave is mounted above the range.
Blake Wilkinson
Seller financing counting as first home buy?
19 February 2017 | 0 replies
We want to invest in a duplex in the future to house hack but we want to try and get first time home buyer benefits when from what I understand means lower interest and much lower money down than standard .Thanks everyone !
Matt Boyle
Illinois/Chicagoland Broker Price Opinion (BPO's)
21 February 2017 | 4 replies
@Matt Boyle no offense, but if you are an appraiser asking for tips from agents about price discovery that is sorta a red flag for me.You as an appraiser are considered to be an impartial expert on value, and agents like it or not have an inherent bias and are generally not trained, licensed or required to follow USPAP (Uniform Standards of Professional Appraisal Practice)Refer to link below for differences between USPAP and BPO.https://nationwide-appraisal.com/appraisal-avm-bpo...I am curious as to why you are asking for tips from agents doing BPO's vs seeking advice from professional appraisers in the Chicago land area?
Joe Kim
My $8000 problem. Do agents really deserve $200+/hr
4 April 2017 | 94 replies
The standard split generally works 3% each way, with the broker & agent splitting 1.5% (on a 6% commission).
Vincent Parello
Analyzing Rental expenses Illinois, Chicago
21 February 2017 | 6 replies
Then I can a more accurate CapEx reserves requirement.I would not recommend trying to lower my standards of analysis.
Jordan Shutts
2017 Tax Implication
21 February 2017 | 6 replies
You will be able to write that portion off; however, it would have to exceed your standard deduction.
Mike S.
When Cap Rates go from 10 to 5 you ?
25 February 2017 | 5 replies
From 2500 to 7500 on a 650k purchase (2 family 5 years ago)Appreciation on 1 and 2 doubled and on 3 has tripled.The area has climbed so much so fast but is now a standard 5 cap which is why I am reluctant to buy more.
Edward Smith
Taking on a bad tenant
22 February 2017 | 5 replies
Assuming rent is due on the 1st, you will either already have rent paid in full or know there is a problem.If March rent is paid in full at the time of the meeting, I would just explain whatever your "standard" is, ie rent needs to be received by X date or a 3-day/5-day pay or quit notice will be posted on the door.