Telko

I own a business and am trying to develop the property.

What is it you are asking specifically?

I have been buying realestates and have held the property under an S-corp or LLC. I am planning to sell and then do a 1031 exchange. Can LLC/S-corp do this? I have done it in the past as an individual person, but not sure if the IRS allows a corporation/LLC investment firm to keep on deferring the gains.

Yes, as long as ownership stays the same. ABC corp sells, ABC corp needs to purchase. Dissolving entities or changing ownership before selling or after purchasing should be looked at by a tax adviser. A single member llc is considered a "disregarded entity" by the IRS and is the exception. John Smith single member llc can sell and John Smith the individual can purchase.

www.1031alternatives.net

I’m searching realestate records for a paticular property in chicago ILL. in the area of ridgeway/armitage about the 3800 block of armitage & the 1300 block of ridgeway ave.

The best place to look is with the county property tax assessor’s office to find out about specific properties.

I am renting a house through carpenter partner. And my lease has ended. And i never got asked to sign a week by week lease. I wont to move out. I went down to realestate to say i would be moving out.
And they say i need to give 3 weeks notice.
Is this correct since i do not have an outstanding lease agreement now.?

Thanks.

Most leases require a minimum of 1 month notice (and usually 60 days) and there is usually provision for you to be on a month to month if you don’t resign another lease. Even when you have a 12 month lease, you are still required to notify the landlord that you intend to move at the end of the lease and this is generally a 60 day notice

for example the city of Boston has their own website where one can make payments online for property taxes? ex: http://cityofboston.gov/realestate/

The Randolph City Clerks website says that you can, I didn’t investigate how or which system they used, the link to their online payment system in near the bottom of the page located here:

http://www.randolphtownclerk.com/

Does anyone know anything about Mini realestate. I was told that a husband and wife both took a realestate course and go around posting and selling vacant property. They also both are doing a travel agency from home. I was told that there is such good $ in it that they both quit there real jobs and are making around 500k a year anyone know how to get in to this.

I can’t say that I know anything about mini real estate, but after having been in the business (real estate) for more than 10 years on the lending side, I have seen and heard just about everything.

People cannot post and sell vacant property without owning the property – it is IMPOSSIBLE for someone to sell something that does not physically belong to them, that is what title researching is for. There is a little thing called mortgage fraud and it will send you to jail for a LONG LONG time.

I’ve seen recently too an informercial about bying up property at tax sales – you can do this, but not as easily as this informercial would like for you to think.

There is no such thing as a get rich quick scheme, if there were don’t you think EVERYONE would be rich?

Keep your nose to the grindstone and save, if you have a bit of extra money invest it in a short term CD with a high yield.

Take it from me, the real estate market is going soft because interest rates have been going up, and people aren’t buying anymore, or refinancing. Defaults are at all time highs, mostly because people bought too much of a house on an Interest Only fixed rate (5 years or less), or even worse on an ARM (Adjustable Rate Mortgage) and now they can’t afford the new payment.

-Em

Ok, so I know I am…I’m the one who broke it. The thing is, it is a flowery pattern glass. I broke the small window pane, at the bottom. There is a larger one above it, still perfectly fine. By law I have to fit safety glass in, and it doesn’t come in the old original pattern. The realestate said I’d have to pay to fit new glass for the unbroken top piece as well, so they both match.
Does that seem right?

Yes, you want the door to look decent.

You may be able to have a piece crafted, do not assume you need tempered glass, you usually do not on a framed door. If you are within 5 feet of stairs, yes, but otherwise check.

I have several realestate properties and would like to know the advatages or disadvantages.

Thanks for any insight.

I would definately encourage you putting your real estate holdings into a trust fund. I believe a trust fund is the same as a corporation. Either way it protects your assets. If you get into a car accident they cannot sue you for your property. It is protected. Also I believe it is part of a will which is always great, ya never know when your number is called! Its better to be protected any way possible.

Good luck to you and all the ventures that come your way!

A realestate attorney stole to deed to one of his deceased clients and falsified the documents to the court. Gained the property and sold it.

Do you have a question?

I was researching taxes on a property in Texas, much to my amazement, I ran along a property that doesn’t have title or anyone paying taxes (I couldn’t believe that someone at the tax office missed this one) but I need some direction. Does someone know realestate law in Texas? How do I get title to the property? Thanks in advance.

The better odds are that SOMEBODY has title to the lot. You would have to do a title and chain of title search (not clear above that you did one). It is probably "part" of another tract of property. My money would be on the idea that the tax department overlooked it and some individual is benefiting by not being billed.