I will also talk about the annual Tax Scavenger sales in Illinois, ‘Sale in Error’ loopholes and how you can buy property, and show you HOW I remodel homes and sell them. By 2030, 1-in-5 Americans will be 65! Prepare NOW for retirement!
Disclaimer – I am not an expert at anything, so please so your own research BEFORE making any moves. ‘Know the Facts and DIY the basics so you can better manage the result. ‘ – RonC
THE CHAPTERS TO THIS VIDEO (Chapters or Time Stamps)
0:00 – Introduction
0:43 – Bought a $75K house in cash (The details)
1:46 – Hiring a contractor tip
2:08 – Landscaping Projects (on- going)
2:46 – Landscaping – The ugliest house on the block
3:07 – Paving the driveway – I have a cheaper solution? (TBD)
3:14 – Landscaping – Installing the Timbers around the yard
3:21 – Landscaping – Installing the Lights
3:35 – Bam-Bam (My Covid Dog)
3:45 – Landscaping – Removing slaps or cement with stakes
3:49 – Landscaping – How it looks at night
4:19 – Landscaping – Where I bought the timbers, stakes and lights (Linked Below)
4:38 – Why Seniors and Baby Boomers are selling their homes
5:10 – Rising Home Ownership Costs –Taxes, Insurance, HOA fees and more
5:36 – Housing inventory is rising, along with interest rates,
6:00 – Illinois Taxes Doubled and Tripled since 2020! Taxes are due NOW!
6:22 – Yearly Tax Scavenger Sales and ERROR IN SALE Tax Loophole
7:55 – Are REAL changes coming?
8:22 – My last home – TOTAL Gut and renovation. Bought for $137…
9:33 –My first INDOOR projects – Carpet removal, flooring, railings and ceiling
9:47 – HOW I….Kitchen and Dining Room – Removedre-arranged cabinets
12:05 – HOW I…created the railings, cut the white box and more
12:28 – Removing old carpeting, underlayment and more.
13:18 – The Laminate flooring my wife found on offerup
15:06 – HOW I…installed my newold Laminate Flooring
16:26 – HOW I…upgraded the kitchen drop ceiling with styrofoam titles
17:18 – HOW I laid out the ceiling plan BEFORE putting up my titles.
17:57 – HOW I stalled the railing on the stairs with 2X6, 2X4’s and 2X2’s
18:30 – HOW I extended the stairs, built blocks, laminated the stairs, etc.
21:33 – Future Projects for the INSIDE and the OUTSIDE of the house
22:35 – HOW I…Updated the light fixtures. Kill electricity FIRST!
24:50 – Helping an elderly man sell 3 of his properties,
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LANDSCAPING MATERIALS
8’ Treated Timbers from Menards – $4.48 before rebates
https://www.menards.com/main/building-materials/landscaping-materials/landscaping-timbers/8-treated-landscape-timber/1112748/p-1444422505299-c-12369.htm
Wood Auger Bit from Amazon (3/8 x 9) $9
Landscape Stakes from Amazon ($25 for 50)
12 color Lawn Lights from Amazon ($23 on sale – normally around $35)
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THE REAL COST OF DIY HOME RENOVATIONS
https://www.youtube.com/watch?v=weTsUYj0FXI
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ILLINOIS PROPERTY TAX INCREASES OVER PAST 3 YEARS (Channel 9 YT Page)
SALE IN ERROR PDF (The doc in this video)
https://dig.abclocal.go.com/wls/documents/2022/101922-wls-sie-study-doc.pdf
HOW IT WORKS FROM CHANNEL 7 YT PAGE
CRIMINALS ARE GAMING THE SYSTEM, TOO
https://abc7chicago.com/scavenger-properties-abandoned-property-for-sale-in-chicago-cook-county-tax/10910525/
SIGNING THE BILL
https://wgntv.com/news/wgn-investigates/the-bill-closing-the-illinois-property-tax-loophole-may-help-residents-buy-abandoned-homes/
ILLINOIS TAX SCANENGER SALE FOR 2022 AND HOW IT WORKS (From Treasurers Office) Maria Pappas
https://www.chicagocityscape.com/scavengersale/
https://www.cookcountytreasurer.com/scavengersale.aspx
https://www.cookcountypropertyinfo.com/newsarticle.aspx?articleid=1548
https://datacatalog.cookcountyil.gov/Property-Taxation/Treasurer-Scavenger-Tax-Sale/ydgz-vkrp
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Thanks For watching. Please leave many comments, suggestions, ideas, etc. below.
Have a Creative and Prosperous Day!
Ronald Carroll
MAD Skills University