Hi I am relatively new to Real Estate Investing and have been mostly buying buy and hold properties for rental income for past 9 months or so in Chicagoland area - primarily in suburb areas. Have acquired a few SFR / ...
Hello. My name is Doug, but you might as well call me Dr. AnalysisParalysis, because I have an honorary PhD in procrastination via research. I've spent a few years reading and listening and combing through all the i...
Hi Everyone,I got a 1BD/1BA condo in Downers Grove, Illinois under contract for 15K on 11/4/2015. I put inspection deadline on the 18th and closing date of 25th. (Yippee! My first deal) A few days after the contract w...
So I'm about to close on a 3-unit investment property tomorrow morning and I go check the place out tonight with my realtor for a final walk-through.Good thing we did that.The seller has basically emptied the basement...
Need a little help with understanding Evictions and leases. I'm closing on a duplex in Redlands Ca. There is currently a tenant in one of the duplexes. He's been there for 5 years, but his lease is up in about 2 mo...
I never looked at the files that my CPA was submitting for me. Now I started to look for the previous returns and I've noticed that the stock transactions were not reported and several other small things. This presuma...
I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.-When I sell the property, would I be paying a tax on the prof...
Well looks Marriott is getting into The Vacation Home rental business... what do you investors think about this?
I am new to REO investing. My offer was accepted by the bank for a duplex of 2 units. It is valued at $210K by the city tax dept. My offer was 152K. It was listed for 170K. It needs 10K rehab work to make it perfect. ...
I good friend and I have discussed flipping houses before but never created an LLC or invested. He has attended some auctions and saw some interesting properties. We have finally come to a point where we are ready to...