
24 June 2025 | 18 replies
The proceeds from the initial sale will be held by an 1031 intermediate agent (someone from the 1031 exchange attorney’s office) in their escrow account.

13 June 2025 | 9 replies
A Registered Residential Property Wholesaler is someone who markets residential property for which the wholesaler has only an equitable interest or an option to purchase and, at the time of marketing, has held such interest or option for fewer than 90 days and invested less than $10,000 in land development or improvement costs associated with the residential property.A Registered Residential Property Wholesaler shall provide this disclosure:• To any potential buyers and sellers before entering into a written contract for a residential property wholesale transaction;• To any Broker or Principal Broker who is engaged to assist the property wholesaler in marketing or listing the property;• To any Broker or Principal Broker who is assisting a potential buyer in purchasing the property; and• In all advertising related to the property that is the subject of a residential property wholesale transaction.The Registered Residential Property Wholesaler:• Will only have or only has an equitable interest in the property being sold.• Will not have or does not have legal title to the property and therefore maynot be able to directly transfer title to the buyer.• Is not a licensed Broker or Principal Broker and therefore might not bepermitted to engage in professional real estate activity.• Might not be a licensed appraisal specialist and therefore might not bepermitted to provide an opinion as to the value of the property.DEFINITION OF EQUITABLE INTEREST A person who has an "Equitable interest” in a property means someone that has contracted with the current owner for the right to buy the property at a later date even though they don’t have legal title.

14 June 2025 | 5 replies
However, if they held it each in their own estate, that presents a challenge, but you can look at the warranty deed online and determine if she has the right to sell.

16 June 2025 | 2 replies
The property cannot be for personal use or held for production of income (leased property).

23 June 2025 | 7 replies
Sales are held Tuesday - Thursday.

11 June 2025 | 1 reply
Over the last few years, institutional money has poured into Build-to-Rent (BTR) communities—purpose-built single-family or multifamily homes held as long-term rentals.

20 June 2025 | 2 replies
When the seller tried to create an auction atmosphere by “accepting” six offers at once, we countered with current quotes for the required sewer tie-in and electrical repairs, held firm on price, and won a seller credit that covered most of the work.

24 June 2025 | 1 reply
Regardless of whether or not bonus depreciation reverts back to 100%, 50% on newly constructed properties only as was the case prior to the Tax Cuts & Jobs Act (TCJA), or 0%, depreciating assets according their CORRECT class lives via cost segregation on properties held for a minimum of three to five years to minimize the effects of depreciation recapture upon sale is still beneficial depending on the taxpayers' circumstances.

24 June 2025 | 5 replies
It is being held at a Golf simulator Bar in the south suburbs of Chicago.