How To Be Successful In A Real Estate Bidding War
Thursday, August 23
Last month I posted an article about how to avoid overpaying when several parties compete to purchase a property, especially in a bidding war. Today I want to extend the post and review a couple cases where bidding strategically paid off for the client.Background:Both properties that I assisted ...
The Money Still Gets Made On The Buy Side
Monday, July 30
2012 has seen a market where investors and home buyers are going toe to toe on many listings. Inventory is tight, buyers of all types are overwhelming the market and bidding wars are almost expected on anything priced well. What options do you have if you’re out there looking to buy? At this p...
5 Things To Do After Purchasing An Investment Property
Tuesday, July 24
You bought the building, now it’s time to crack the whip and get it into shape. The sooner this is done, the sooner you can put things in auto pilot. First things first:Notify tenants of ownership change & meet with themThis seems pretty obvious but it goes overlooked many times. Tenants ar...
Sell In 2012 To Avoid Higher Taxes In 2013
Monday, July 16
Real estate investors should take a minute to determine how looming higher capital gains taxes will impact their returns in 2013 and beyond.Beginning January 1, 2013 Medicare taxes will be increased to 3.8% (from 2.9%) and expanded to cover investment income for higher-income individuals. This a...
5 STEPS TO BETTER POSITION YOURSELF IN A BIDDING WAR
Wednesday, July 11
Multiple bids are back in a big way and not just on distressed and bank owned property. Demand from buyers entering the market in 2012 is far outstripping supply across many asset classes. If you’re in the market to purchase income and multifamily property in Chicago and you want to compete, her...
Simple Steps to Maximize Your Sale Price
Wednesday, May 30
Selling smaller income and multifamily properties is not an overly sophisticated process. Buyers are going to consider location, gross income, condition of the property and potential to add value when making an offer. As a seller, there‘s nothing you can do about location, the gross income migh...