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Results (6,435+)
Sid Franklin Chicago/Illinois Property Tax Hikes Making Me Jittery About Investing
15 December 2017 | 203 replies
Witnesses reported seeing a man get out of a black vehicle and open fire outside of the school on Paulina at Diversey around 5:35 p.m.
Aaron Mazzrillo Clayton Morris Podcast
27 March 2019 | 38 replies
I'm not sure what the deal is with the oceanpointe thing - what exactly has Morris been accused of and what has been proven?
Aaron Vaughn Chicago newbies earn 85k on no money down flip!
16 October 2018 | 30 replies
But for every “bad” thing that I witnessed, I also witnessed a lot of “good” things.
Alberto Rivera Partnership Contract
9 April 2019 | 5 replies
If your intentions are to flip real estate - the only money you need is for advertising your controlled property (to find the deal and to liquidate it)- that should be no more than $2,000, maybe $100 consideration on your contract.......Unless you are going to go to settlement first and than flip the real estate paying unreasonable transaction costs.Do you have the needed skills to accomplish what you want to do -- like it or not - flipping houses has a bunch of moving parts -Power prospecting - where are you going to get your leadsNegotiating - do you know how to control propertiesHybrid offers and joint ventures with sellersUnderstanding contracts is important - will you use a long form or a skinny contractAssignment clauses - will your agreement have all the property and self-serving clauses in it.Built-in extensionsFind the assignee and closing the deal - do you know what the proper procedures are - will you collect your assignment fee in advance of closingAre you ready with the what if (s)the assignee backs out and wants his money backthe seller won't come to settlementthe seller wants out or wants more money - he is angry because you made too much moneythe title company will not cooperate because you don't have legal titleauction - will you flip your transaction using the auction methodan agent wants a feethe seller accuses you of operating as an agent without a license you run out of time on your contract, you are in default - the assignee wants to sue you for misrepresentation there is a fire before settlementyour forms; contracts - assignment - disclosures - required by law are not in order - can you defend your positionif you go into a deal and spend $5,000 and it won't close due to judgments the seller forgot to tell you about - what nowSorry for all the negative What if's........ but we are dealing with people - they are complicated sometimes - unreasonable - and litigious most of the time.So be aware - flipping houses, commercial properties, businesses with real estate and non-conforming real estate is not as easy as some would have you believe ---Money - is not the answer -------- systems - techniques - formulas - negotiations and education is!
Jeff Kehl Are Vacation Rentals ever cash flow positive?
30 June 2021 | 125 replies
They either buy the wrong homes (the only ones that they can afford) or, once they buy the homes, they have no funds left to upgrade the homes with the features that renters want.The vacation homes that I witness with positive cash flows (some with 20%+ returns on cash) are in highly desirable locations, and the homes have most, if not all, of the amenities that renters want.
Kyle Grimm WHO ARE YOU? What do you do besides real estate?
7 November 2017 | 402 replies
I can't wIt to quit my bake job and work this full time.
Brandon Leong Seeking Immigration Lawyer and CPA for H1B Visa Holder
12 April 2020 | 9 replies
He also helped a relative of my boss in an 'entertaining' situation - border and immigration lost documentation of one of the guy's H1B renewals, and accused him of having worked illegally in the US.
Robert Burns Alex Martinez Pro Wholesaler Course
4 June 2024 | 42 replies
At Real Estate Skills, we’ve witnessed and participated in successful deals closed without ever accessing the official MLS, utilizing platforms such as Zillow and Redfin.We strive to ensure that our interactions uphold the highest standards of integrity and transparency.
Michael Lowe Why are my friends so against me investing in Real estate?!
26 February 2020 | 191 replies
To wit, most of us don't want to see our friends and family succeed. 
Melanie Stephens Seeking “Biggest Mistake/Lessons Learned” Stories for BP Magazine
5 August 2020 | 97 replies
The greatest and most educational mistake I have learned in my real estate investing career would be on a property that I found driving neighborhoods, I had some cash and found the owner in another part of the state, I made contact with the owner via phone, at the personal meeting I made a offer for the purchase of the property, we wrote it out on a notebook paper, both signed and had a witness, the owner of the diner to sign, legal binding contract at this point. a mortgage person that I have worked with before was brought on board and was all set to do the deal, i was all ready to go and I asked if we could close in less than 30 days, he said no problems and asked why so fast, I proceeded to share information with him about the property and how it could be divided and was already zoned for multifamily buildings, ie 4, 4 plex's.and that the contract would expire after 30 days because the deal I put together was, 5k down, close in 30. the guy turned around and started dragging his feet, until the point I lost the deal. a week after I lost the contract I went by the property and found out that he and his father inlaw purchased the property right after I lost my money.