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All in Real Estate
We’ve been getting a lot of questions about double dry closings after our last article about the practice in Illinois. Read on to get an insider’s perspective on this practice.
The Illinois Property Disclosure report is intended to prevent home sellers from intentionally failing to report the condition of a property accurately in order to sell it. This form, provided to buyers before closing, gives the buyers a full and accurate picture of the home they are choosing to buy. Read on to learn more about your liability exposure under this law.
Landlords and property managers must be familiar with “fair housing” federal, state and local laws. These laws are an important way to protect home buyers and renters, they are not always obvious to landlords and property managers. Take a look at our guide to learn about one specific aspect of fair housing that is unique to Chicago and Cook County, Illinois: source of income discrimination.
There has been an increase in home buyers purchasing real estate under an installment contract also called “rent to own” contract or contract for deed, rather than using a traditional mortgage. Read on to learn about the new installment “rent to own” contract law in Illinois is designed to protect home buyers who finance a home purchase using an installment contract.
Changes to the Home Repair and Remodeling Act (HRRA) will go into effect on January 1, 2019 and will impact homeowners, real estate investors, and contractors alike. Review this quick “need to know” guide to understand contractor requirements and homeowner rights.
Having a great support team, such as a property manager, real estate lawyer, CPA, and insurance broker, makes owning and earning profit from rental properties much easier. Read on to find out how the right teams ensures the best protection for yourself and your investment.
Purchasing real estate wholesale to sell to property flippers is a great opportunity for first-time investors because it doesn’t require a lot of experience or capital. The process of wholesaling can be profitable if you know the pitfalls and hazards upfront and with the right legal tools in your toolbox.
If you are interested in wholesaling real estate, then you have definitely heard about “double dry closings” and “investor friendly title companies.” I explain both of these concepts and let you know what is and isn’t possible in Illinois and what you need to do to get your deal closed.
Builder’s Risk insurance is a necessary tool in any real estate investor’s or contractor’s tool box. It insures against damage, loss and other causes that would otherwise impact your profits. Read on to learn more about Builder’s Risk and why every successful investor has it on every project.
You CAN afford an attorney! We are here to help you Focus on Profits not Paperwork, that’s why we offer flat fee and packaged legal services as well as an hourly rate. We have something for every entrepreneuer, start-up, financial situation and stage of business. At Enterprise Esquire, we have a variety of packages and custom payment plans that meet our clients where they are.
Successful flippers (real estate investors) employ strategies and standards to become successful and more importantly to stay successful. While you are bound to make a few mistakes along the way, save yourself money, delays and headaches by learning from the mistakes of successful flippers. Read on to find out what the most common pitfalls are and how to avoid them.
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