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3 April 2018 | 8 replies
Nobody can argue the legality closing on the house yourself and reselling, but that take a lot of benefits of wholesaling right off the top.
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3 April 2018 | 11 replies
I'm not sure what the marijuana laws are where you're at, but here we have a lot of people that want to open medical marijuana dispensaries, but most landlords don't want to lease to them because it's such a grey area legally.
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9 July 2019 | 10 replies
As a reminder for any other readers, the 50% rule applies to gross rents and accounts for all expenses like management fees, taxes, insurance, vacancy, maintenance, Capex, utilities, water, legal, yard, etc..You should only use the 50% rule for a quick analysis and a true historical picture of expenses on a property is preferred.
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28 January 2019 | 11 replies
Marathon is popular, because the city has allowed an explosion of legal short term rentals (min 7 days).
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5 April 2018 | 8 replies
Also, i usually will add it to the OPTION agreement (not the rental agreement) that the tenant will pay anything up to $X maybe more like $2500 in this price range or all of it - however you can't MAKE them do the repairs as they are still a tenant - but you can put in there that if they don't do the repairs and you need to do them that you will add the expense to the purchase price plus a certain % return (make sure it is a legal rate) - or some of my friend will do the repair but the stipulation is it voids the option agreement - I personally think that is too harsh and unfair so I lease option by adding it to their purchase later should a repair be needed and they can't afford it.
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6 April 2018 | 2 replies
Has anyone successfully rezoned a legal 2-flat into a legal 3-flat in Chicago?
24 April 2018 | 7 replies
Hi,I'm looking for a referral for a small architect / interior designer to use on fix and flips.
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12 April 2018 | 6 replies
No legal advice given.You cant force them out.
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8 April 2018 | 6 replies
If the owner, completes the steps in the redemption process, they can get the property back....Seek legal though to be on the safe side and Denise Evans in a well-respected pro and offers a class.
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6 April 2018 | 16 replies
Legally isn't she entitled to entry of the property if she is on the lease?