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All Forum Posts by: Tomas Satas

Tomas Satas has started 23 posts and replied 61 times.

Post: Evicting a tenant that stopped allowing showings during home sale

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

Greetings fellow landlords.

Has anybody successfully evicted a tenant that completely stopped allowing showings?

The building is for sale and it’s a very long story.

To make it extremely short...

We have cooperated 1000% and have even bent over backwards with this tenant’s showings “rules.”

She would only allow week day showings, 2 hour window, shoes off, and on and on.

We complied because we did not want to start a war.

So all of a sudden the other day we notified her of a showing 24 hours in advance and she said we cannot show her floor until she moves out.

She still has a year left on her lease because the genius previous owner was signing 2 year leases with her.

Now our only option is eviction.

Has anybody evicted a tenant for breach of lease agreement due to denying showing requests?

Thanks so much. :)

Post: Tearing down my 2-flat to build 5 townhouses

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

How did this go?

Post: HELOC on primary - Andrews Federal CU

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

Any luck?

Post: S Corp question for flipping houses

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

So I am thinking of starting an S Corp to take advantage to the tax savings while flipping houses.

Has anybody run into an issue buying properties from either online or live auctions as an S Corp?

Also is all the extra work and cost of maintaining an S Corp worth the tax savings?

Thanks! :)))

Post: Home Vestors, is it a good entry point?

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

@Adam Schneider

As would I.

Post: Searching for IL Accountant that only works with RE Investors

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

Greetings!

Can somebody please recommend an accountant that specializes in RE Investing and mostly only works with investors?

Thanks. :)

Post: IL lender that offers lines of credit on commercial properties?

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

What up BP family!

Can anybody recommend a bank or credit union in IL that offers lines of credit on commercial properties?

Thank you!

Post: Cook county firm that specializes in condo property tax appeals?

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

Thanks! :)

Post: Searching for Credit Union in IL that offers HELOCs.

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

What's up everybody!
I am looking for a Credit Union in IL that offers rates below prime for a primary resident.

Long story short is that my home is paid off and I would like to get a HELOC.

I've found a lot of CU's online but would feel better with recommendations and hearing about your experiences.

Thanks so much! :)

Post: Do you use FaceBook Ads to generate leads?

Tomas Satas
Posted
  • Investor
  • Berwyn, IL
  • Posts 64
  • Votes 8

Yeah what happened to your plan buddy?