I have a turn-key rental with Mack Companies in suburban Chicago that has been vacant for FOUR MONTHS!A small sample of my issues with the management:Finding out a tenant has moved out weeks after the fact. When the m...
My wife and I have gone around and around on different approaches to get into real estate investing. So today she shows me the We Buy Ugly Houses franchise. It's 50k to get a franchise and what you get is 2weeks trai...
My question is mostly out of curiosity. Does anyone on here have any example of you or anyone else being sued and losing the entire asset, business or worse?I hear so much about asset protection and it just gets me th...
As a Chicago landlord, I've noticed many local apartment listings that ask for a non-refundable move-in fee instead of a security deposit. I suspect this is partially due to Chicago's strict laws regarding security...
Hi All,
I need some perspective because I am fuming and I want to make the right decision.
The Backstory: We have had a basement waterproofing company who was awful. They did both my house and a rental we have tha...
We always hear about needing LLCs, Several LLCs, Heck- put every property in an LLC. I've never seen the flip side of that. I want to hear stories of when your LLC actually protected you and how?
Hey all, I am relatively new to the group. I am very impressed with the experienced professionals here and am glad that I stumbled upon this site. I am a seasoned real estate attorney and enjoy not only practicing la...
We have an applicant trying to complete an application for one of our rentals, but they do not have a social security number or a driver's license number- which are required fields for our background and credit check....
Hello Guys,
I have read so much from soooo many investors that I really want it clearified here please.
If I find a motivated seller who just wants out of a property, Can I buy it legally with owner financing? I do ...
Since I only have two years of REI under my belt, this is more of a check in to see if I’m going down the right path here and if there’s anything else I could be doing.I have trouble tenants that I inherited and their...