Erick V.
Opinion on NPN Im looking at......
I'm looking at a npn of a property located in a gated community with HOA. The title is currently under a company that purchased the HOA lien through auction a little over a year ago.
If I wanted to offer a qu...
Gail W.
Contractor's final invoice contains big surprises! Now what??
I had a slab leak in my rental home. The insurance adjuster and contractor he brought in were great! I couldn't believe how much would be covered; we would be getting a whole new kitchen and flooring thru out most of ...
Benjamin Cowles
W repairs being the responsibility of owner, aren't LO's the last
... thing that the owner would want to do? Can you set it up to where you as the master tenant takes responsibility for all repairs and structure rent payments low enough to make that work? And then with your sub tena...
Raquel Baranow
IRS is Auditing My Real Estate Business
My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
David Avetisyan
Hedge Funds taking over SoCal
I'm an investor in SoCal and when I'm not at work, I'm most likely researching real estate.
Recently, via CL, I began looking into what the going rental rates were in areas I purchase - simply out of curiosity. Oddl...
Edouard Pierre
Cash for keys in Chicago - Best procedure?
Hi! I'm in Chicago and in the process of closing my first property where I'm inheriting tenants that haven't paid in a while. The situation: 7-unit building where the top two units are family and are both not paying r...
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...
Nicholas Varner
Big Data in Real Estate
In today's post, I want to use experience I've had in two fields that I really love: databases and real estate. Specifically, with databases I want to go over new techniques using more data and varieties of data as it...
Account Closed
Strategies for Home Ownership as a Real Estate Professional - Pay Taxes or Take Write Offs
I have been in a good/bad dilema for some time based on my success as a real estate professional. Since we are growing and taking on new projects, my write offs have steadly increased or at least kept pace with my i...
T Brown
tenants depositing into account
How does it work to have tenants deposit directly into your bank account? Do you just give them your account number? Isn't that dangerous? I've never heard of this and would like to understand the mechanics.
TIA
Trina