How to Set up an LLC for Rental Property

If you’re looking to start a business in Illinois, forming a Limited Liability Company (LLC) is a popular choice. An LLC is a type of business entity that provides the benefits of both a corporation and a partnership. In this guide, we’ll walk you through the steps of forming an LLC in Illinois.

SB1872: Illinois Law on Wholesaling Houses

On the first of January, 2020, the State of Illinois passed SB1872, and effectively outlawed real estate wholesaling in Illinois. Undoubtedly, many investors are scrambling to find a business model that fits the new law. So, today we will answer three questions: First, what is Real Estate Wholesaling? Second, why did Illinois make wholesaling houses […]

Quantitative Tightening and Inverted Market Economics of Housing

Reuters just published an article announcing a leak from the Federal Reserve about the beginning of Quantitative Tightening – https://www.reuters.com/business/calling-time-qe-central-banks-prep-synchronized-asset-cull-2022-04-19/. What, you might ask is that? For the last decade, the Banks have been adding money to their balance sheets at the end of every day. This is called Quantitative Easing. They do this through […]

Dual Agency? Rights, Realtors, and Lawyers.

While dual agency agreements allow buyers and sellers to save money and better project costs, both parties will never truly get the maximum benefit they would in an adversarial transaction.

The COMPLETE MultiBoard 7.0 Guide – All 39 Clauses Explained

Buying or selling real estate in Illinois? You’re using the Multiboard 7.0 contract. We tell you how to use every clause to protect your investments!

What Kind of Mortgage Would a Mortgage Attorney Recommend?

Buying without your finances in order can cost 1000s annually. Learn the new FICO score guidelines and FHA rules for 2020’s post-COVID lending.

For Sale by Owner – 6 Questions for FSBO Due Diligence

For Sale By Owner. FSBO. These words often mean a seller looking to save money, but how do you protect yourself as a buyer? As an attorney, it’s my job to save your money by showing you where you must spend and where you can save.

The Best Time to Buy a House?? Why COVID-19 Corrected the Seller Market in Chicago.

Spring 2020 is the best time to buy a house in Chicago. With COVID19, values have never been lower. We found the data that shows how you can make money. Capitalize on the low values, high cash flow and long term stability of Chicago with your portfolio.