Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.
How Do I Get Rid of PMI on My Mortgage?
How do I get rid of PMI on my mortgage? What can you do if you don’t want to pay private mortgage insurance on your mortgage loan? Q: I appreciate your articles and landed on your site after reading your article on prepaying your mortgage. I have a question for you about mortgage loans, private [...]
How Do I Avoid Paying Taxes When I Sell My Rental Property?
How do I avoid paying taxes when I sell my rental property? This reader wants to know if they can avoid capital gains taxes without doing a 1031 exchange. Q: My wife and I are about to sell a Chicago rental property we purchased together. The house was our first home and when we moved [...]
How Do You Protect Yourself When Selling a House?
How do you protect yourself when selling a house? This home seller thinks a buyer might be taking advantage of them after a home inspection. Q: I would appreciate your advice on how a seller can protect themselves from being taken advantage of by a buyer. When I put my house up for sale, a [...]
Using an LLC to Transfer Property from Parent to Child
Using an LLC to transfer property from parent to child. This reader wants to know how to avoid future gift taxes transferring property to their son’s LLC. Q: We are subscribers to Ilyce’s Expert Real Estate Tips YouTube channel. Thanks so much for sharing such good advice and tips. We jointly bought a rental property [...]
Can Condo Associations Ban Cannabis Smoking in Units?
Can condo associations ban cannabis smoking in units? This reader wants to know how cannabis smoking can be prohibited if cigarette smoking isn’t. Q: I recently received a letter from my condo association about a proposed amendment to our condo declaration to ban cannabis smoking in our units. The letter states "The Condominium Act states [...]
I Received a Property Tax Bill After Selling the House, Now What?
I received a property tax bill after selling the house, now what? What happens when real estate taxes are still in the seller’s name years after closing? Q: I owned a house for six years and then sold it. It appears the new owners never put the home in their names. Three years later I [...]