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30 December 2015 | 9 replies
This applies even if LLC is just a shell and does not conduct any business or owns any real estate.
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16 January 2016 | 9 replies
(c) The licensing requirements of this Article do not apply to: (1) any person who is employed as a code enforcement official by the State of Illinois or any unit of local government, while acting within the scope of that government employment; (2) any person licensed by the State of Illinois while acting within the scope of his or her license; or (3) any person engaged by the owner or lessor of residential real property for the purpose of preparing a bid or estimate as to the work necessary or the costs associated with performing home construction, home remodeling, or home repair work on the residential real property, provided such person does not hold himself or herself out, or advertise himself or herself, as being engaged in business as a home inspector.
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18 January 2016 | 9 replies
You do realize that every time you apply for a new property via FHA loan, you have to move into that property for at least a year, right?
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17 December 2015 | 23 replies
In Ontario, Canada, we must adhere to REBBA (the Real Estate and Business Brokers Act), which does not allow some entrepreneurs to be quite as creative in their negotiations, financing, etc.From what you have described of your situation and your goals, it seems best for you to learn what you can from the course and materials, but to not actually become licensed.Another option is to take the exam(s), but not apply for your license.
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19 December 2015 | 14 replies
These are the properties that are most suitable for a first deal, IMO.At this point, at the height of a market and with interest rates ticking up slowly over the next 3 years, I wouldn't bank on natural appreciation.
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21 December 2015 | 10 replies
I'm not "branded" to one niche, I can pull a deal off from many different directions, apply the strategy as you find the circumstances of the owner and property.
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18 December 2015 | 17 replies
I'm particularly interested how I can apply my knowledge of the law to investing and property management.
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20 December 2015 | 10 replies
So I naturally called my bank to see where it was from they couldn’t tell me, just that the description was “[My business name] svc fee [My business name]”.
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8 January 2016 | 3 replies
Once you have built a successful wholesaling business you can naturally transition to other strategies.
17 December 2015 | 3 replies
The other property is 17 acres - 3.8 of which we have had released from ALR and are ready to apply for subdivision.