Selling your rental property may feel like a challenge. With tenants living in the home, it can be even more difficult. Utilize these tips for selling a rental property in our latest post! As a landlord in Chicago, there may come a time when you need to sell your rental property. While waiting until your … Continued
It takes careful planning to provide for your income in retirement, and real estate investments offer fantastic tax benefits to investors. These laws exist to encourage investments in the real estate market through incentives. Missed opportunities to keep more of your income can add up over time, and knowing what you can write off the … Continued
If you’re a real estate investor looking at selling a property, or if you’re thinking of buying a property now and thinking long term about selling it, then you might be worried about what taxes you’ll incur. In this blog post you’ll read about investment property taxes capital gains – what Chicago investors should know … Continued
Exit strategies are necessary for the real estate investment business as a part of your overall strategy to realize the best returns on the investment when you purchase the property. Savvy investors, however, understand that they must maintain a constant vigil over the local market for upcoming changes or trends in real estate requiring an … Continued
If you’re on the fence about selling your investment property, it never hurts to be well-informed on the various indicators your property may fall under. Read on as we explore these five signs that it’s time to sell your Chicago investment property! Aging When major systems like the HVAC or structural components like the roof … Continued
For those who may be ready to sell yet can hold onto a house that is ready for rental for a few years longer, the rent-to-own scenario provides some perks that make rent-to-own an option worth considering. There is a large buyer pool waiting for these opportunities, seeking to attain the lifestyle that homeownership affords … Continued
Preparing for when a loved one passes will allow you to endure the loss without adding the stress and pressures of dealing with all of the details of an estate. If you’re wealthy, then the alarming tax rate on gits has likely been of concern. Taking action by preplanning for the distribution of an estate … Continued
The answer to the often-asked question “Can a house be sold while it is in probate in Chicago IL?” is “Yes”, but as is true of any home sale, you must adhere carefully to your state’s pertinent rules and regulations. The probate court will monitor every step and all aspects of the sale, and if … Continued
Are you an estate representative who needs to liquidate an estate and are wondering how to have an estate sale? While typically held after a loved one has passed and the property has gone through probate, estate sales may be helpful when going through a divorce or other personal transition which requires the disposal of … Continued
Probate is simply the process of administering a decedent’s estate. Most of us have heard the stories about how long and headache filled the probate process usually is, and we dread it when we actually have to face it. The reality, though, is that done right, the probate process for a house in Chicago can be as … Continued
Cloudy title is one of those terms that you don’t hear much about until it happens to you. And when it happens to a buyer or a seller, it can quickly tank a sale right before it’s ready to go through. To protect yourself as either a buyer or a seller, it’s important to understand what … Continued