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29 March 2018 | 2 replies
Looking to get involved, but have come across several, such as:http://chicagoreia.org/http://careia.org/index.phphttp://www.reia.org/https://www.ccia-info.com/Not sure if there is much of a difference between the above or others.
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28 March 2018 | 5 replies
Also, you may have a filing requirement in the other state.
3 April 2018 | 4 replies
Each time I have asked to be involved as much as possible to dip my toes into commercial real estate and gain knowledge, he has pushed back and doesn't want me to be a part of the transaction.
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31 March 2018 | 8 replies
If there are multiple properties in multiple states then you would have to file and pay or get a refund for income taxes to the IRS and any states with an income tax.
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28 March 2018 | 4 replies
All real estate activities you engage in need to be approved by your broker as their insurance can have a clsim filed against for any of your activities.
4 April 2018 | 4 replies
There was little plumbing involved (other than a water line for the washer) or structural changes needed (there was a concrete slab already where the patio was).
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29 March 2018 | 6 replies
Small home repairs and late night phone calls are a minute part of land-lording, there are also a lot of legal aspects involved. - City rental certifications can be required- There is certain paperwork that you need to give someone at the time of signing a lease with them (lead based paint disclosure and pamphlet, inventory checklist, etc...)- If someone stops paying rent you may need to go through an eviction process- When screening tenants you need to do a thorough check of who you're renting to- There are several Fair Housing laws you need to be aware of when placing a tenantOften times, a PM company will even be able to cover their own cost by receiving the highest rental amount possible for your investment, most likely higher than you could by yourself due to the exposure and avenues they have for marketing.
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1 April 2018 | 4 replies
It can be a nightmare if you let your emotions get involved, but a lot of folks on bp evict tenants regularly and it's a pretty straightforward process at the end of the day.
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29 March 2018 | 4 replies
In December I filed the dispossessory and started court proceedings.
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29 March 2018 | 4 replies
I just filed my 2017 taxes, but it had not even occurred to me that I may have not needed to file given my low income.