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Converting a For Sale by Owner (FSBO), is a huge opportunity for agents that recognize the income potential. There are thousands of for sale by owner homes and they represent a good percentage of the homes available for sale in any market. The biggest hurdle for converting a FSBO is the fact that many of the sellers want nothing to do with real estate agents.

It’s not every day that a home sells for 10 dollars, but that is what happened to Chris Enck when he paid that amount for a home in Wilmette that was designed by John Van Bergen, an associate of the legendary architect Frank Lloyd Wright. While a Wilmette home that sells for 10 dollars might seem like a real bargain, the catch was that the land underneath the home was not for sale, so Enck had to pay around 80,000 to move the home from Wilmette to Evanston.

The advantages gained from creating an LLC are simply too great to ignore when it comes to real estate investing. For those who are considering jumping into real estate, building an LLC should be one of your first moves so that you can reap all the benefits from the start and make it easier to keep your investments straight. Plus, the tax benefits combined with the ability to pass down the business to your children provides powerful reasons why structuring your real estate business in a LLC is so valuable.

Maintaining payments on high property taxes can be quite burdensome and represent one of the most prominent real estate tax challenges. First, be sure to look for any exemptions and tax breaks that can really save you money. Second, many tax authorities use outdated information when sending out their tax requirements, so if something has reduced the value of the property over time, be sure to have it re-assessed so that it reflects the right property value. It is a good idea to appeal your taxes on all of your rental properties every three years.

There are a number of reasons why a broker can help you with selling your business. Brokers can assist with determining the value of your business, provide tips on how to improve its profile in the area and create a complete package of details that will help seal the deal once the right buyer shows up.

However, the most important aspect is that the right broker has a network of contacts that will help find the buyers for your business.

Remember that growing your business simply for the sake of making it bigger is not the right course of action. If you are growing your business, then you’ll need solid reasons to do so otherwise you risk having your efforts fall apart. This means that you should ask yourself the following questions:

With people looking to do more work at home in terms of fixing up their property and creating new editions, the challenges do-it-yourselfers face usually comes from the lack of experience and knowledge that a professional brings to the task. In order to remodel on your own, there are certain things you are going to […]

When it comes to protecting your clothes, the common moth can really eat away at your shirts, skirts, socks, sweaters and pants with little indication that anything is amiss until it is too late. For many centuries moths have been eating away at the clothing created out of natural fibers which means that moth prevention […]

Security deposits are becoming a rare occurrence in Chicago because of all the rules surrounding them. Chicago enacted strict rules recently because some landlords were using the security deposits for other purposes. Chicago used a shotgun approach and if a landlord does not pay a few cents in interest now, the landlord may get a […]

The fireplace is something that aspiring homeowners want in their houses, particularly new homes which they want for a number of reasons. In fact, fireplaces rank right behind decks, porches and outdoor patios when it comes to amenities that home buyers are looking for in houses.While adding a traditional fireplace is arguably too expensive, there […]