Was just told today by a Chicago area attorney who works with a lot of investors that he has seen a sharp increase lately in banks calling notes due.Very curious if anyone else is seeing this.
For those of you who live in California, you may think you can "Triplex" your home by tacking on an ADU and Jr. ADU to your existing dwelling. From what I've gathered (at least in my city), the truth is that you CAN d...
Twice recently people have told me of this new strategy to use a HELOC to pay off your mortgage faster. You essentially take out a HELOC to pay off your first lien, and then use that account to direct deposit your pa...
Attention!!!!
Landlords / rental property owners in affected areas of the Covid19 pandemic
The SBA Economic Injury Disaster Loans (EIDL) are available for rental property owners if your state has already made th...
Hey BP! I have an interesting and important dilemma in real estate that I don't feel gets touched on enough. It's something I've been struggling with for years, despite the tremendous success I've had over the last fe...
Let me start by being crystal clear. I am very sympathetic to all of those who have been exposed to COVID-19 – those who have either struggled through severe (or even mild) symptoms and certainly those who have passe...
After many of the Ashcroft capital syndications paused distributions, I get this surprise email this morning saying all LP investors need to pay additional 19.7% of invested capital call anyone have experience with c...
Chicago is a hot market now but the State, County and City all have significant public employee pension and healthcare debt (that cannot be reduced except maybe in a bankruptcy). Property taxes are already high, but ...
Im sure many of us have read all the warnings and reviews of buying low price properties, and the problems typically associated with them, but all that considered, it is what first attracts a lot of people , indeed th...
Hello,I have a contractor that is requesting 50% of what he quoted the job up front. It isn’t a super large sum of money, but I’m curious on what type of things I should do/look for to protect myself. As of now all I ...