Seems to be the consensus a non-refundable move-in fee is preferred in Chicago -- legal reasons.
What about getting, in addition, first and last month's rent prior to move in? Does this open you up to more litigation...

Gents,  I have run into some Chinese investors looking to invest money in US market.. not homes, but large developments.  My broker told me that I would need some sort of a financial/investment license to move money i...

Deferred Sales Trusts seem like a viable strategy to defer capital gains. But really the only info out there on them is marketing material (I'm talking to you Brett!). I've talked to a few tax accountants and attorney...

Hi All,
Things are moving forward with getting my STR up and running by end of next month. I'm still on the fence about self-managing remotely vs a local PM company. Those of you who self-manage remotely, have you ev...

Hello

A buddy of mine with little income has inherited $2 million.
what would be some good moves in terms of investing it all in real estate?

Do you think it would be a good idea or even possible use the money as a ...

Good evening BP!

Does one need a LLC or any other business entity in order to claim rental property related deductions on taxes? I recently acquired an occupied rental property in NC under my own name and am curious ...

Hi Their,We have a property with an extra dwelling on it that we have rented long term for about 6 years.  We are considering making it a short term rental instead.Are taxes more favorable for long term or short term ...

Hi everyone,My friend, who lives overseas, sold his house in Kansas City and the title company wrote him a check. My friend does not have a bank account in the States (and is unable to open one since he is not a resid...

Hey!
The title was a little too short in characters to allow me to fully describe the post, but in simplest terms i'm trying to ask for advice and critique of my plans - in addition to leaving a record in case I or w...

I bought my house 5 years ago with the intent to live in it for a few years and then turn it into an STR. Unfortunately, recent regulations have made it so that I can no longer STR in my neighborhood. I have about $25...