Ria Lamb
Putting a 1031 exchange property into an LLC (3 years later)
Three years ago, my husband and I did a 1031 tax exchange for a rental property. The property is still a rental property and will continue to be, at least for the forseeable future, but I would like to put the propert...
Tom Goans
Rich vs Wealth
Rich vs Wealth
As I have been taught, the difference between rich and wealth is rich people work for money; wealthy people have their money work for them.
To illustrate, some professional U.S. athletes ...
Stephen S.
who would I foreclose on?
This house has been empty for four years. Well upside down on the mortages. It took me a long time to find the owner - and actually I am still one step away: presently talking with the previous owner - the aunt of ...
Forrest Faulconer
Are Baby Boomers to Blame for Low Housing Inventory?
There are not enough houses to go around and I think I know why. Some have suggested the pandemic has caused the low inventory in housing, but with interest rates so low and houses selling above asking, why would any ...
Gary Van Horn
Wholesaling in Illinois
IS WHOLESALING ILLEGAL IN ILLINOIS?The Real Estate License Act of 2000, 225 ILCS 454/1-1, et seq., and its accompanyingregulations, 68 Ill.Admin. Code pt. 1450, govern the business of real estate brokerage in Illinois...
Nathan Gesner
Landlord lost $60,000 in rent, Tenant walks away
As the Landlord admits, he's partially to blame because he failed to conduct a background check. If he had, he probably would have learned these are habitual offenders. We used to call them thieves.https://www.wfsb.co...
Leslie Johnston
Divorce settlement 10 years ago unclear about ownership of house
My husband and I were divorced in 2012. We filed the paperwork ourselves without an attorney. On the property / assets / debts portion it states under his name "debts" (mostly credit card debt) and "asset: House Prope...