What is a Good Cap Rate in Chicago?
You sweat over those suburban rentals. Harsh Chicago winters hit hard. Roofs leak. Tenants delay rent. You need solid returns to keep the family secure. What is a good cap rate? It decides if your investment thrives or drains you dry. In Chicago, smart landlords chase rates that cushion against surprises. Learn fast. Building an […]
How to Handle Late Rent Payments
Rent runs late and your stomach drops. You count on that check to cover your own mortgage and the cash just isn’t there. You’ve already thought about filing the lawsuit for eviction. Maybe you’ve spent money trying to get the tenant served. Then, one day, the tenant Zelles you $500. What do you do with […]
We Won’t be Bribed. Don’t Support the Biden Homebuyer Tax Credit
President Joe Biden has proposed an annual tax credit that would give lower-income Americans $9,600 over the next two years to help with the financing of their first or second home. Sounds great, right? This tax platform will be an unmitigated, $806,400,000,000.00 disaster that our grandchildren’s children will owe eighty years from now. I arrive […]
Understanding the Cost of an Eviction Lawyer: Essential Insights for Landlords
The question on many landlords’ minds is, “How much does an eviction lawyer cost?” The answer isn’t as straightforward as one might hope, but let’s just say $895 plus fees.
Exploring the Opportunities and Challenges of Subject To Finance and Wrap Mortgages
Unearth the potential of non-traditional real estate strategies! Explore the complexities of Subject To finance and Wrap mortgages. Discover their advantages, inherent risks, and strategic implementation, all backed by real-life scenarios. Make informed investment decisions today!
Will Two Extra Mortgage Payments a Year Cut my Mortgage in Half?
Discover the financial benefits of making extra payments on your mortgage. Learn how additional payments can significantly reduce the overall interest and shorten the loan term. This comprehensive guide explores the advantages of making extra payments, how they impact your mortgage balance, and the potential savings. Empower yourself with knowledge and tips to maximize your mortgage payoff strategy, leading to long-term financial success and increased home equity.
1031 Exchanges – Delayed, Reverse, Simultaneous, and Construction Explained. Deadlines and Step-by-Step Guide to Keeping 25% More of Your Profits
Unlock the potential of your property investments with 1031 Exchanges and 1031 Reverse Exchanges! ??? Defer taxes and grow your portfolio with our easy-to-understand guide. Start maximizing your returns now! ?? #1031Exchange #1031ReverseExchange #RealEstateInvesting
The 2024 Illinois Short Sale Guide for Selling Your Home to Get Out of Foreclosure
Short sales are the best way for our Chicago community to face financial hardship. A short sale attorney can eliminate debt and help you get your life back. By explaining your difficulties to the Bank, negotiating the price and working with the Court, we rescue homeowners from debt.
LLC Mortgages: A Guide for Real Estate Investors
Discover how to secure a mortgage for your rental property LLC with our comprehensive guide. Learn about the requirements, application process, and common terms for investment property mortgages, and get expert tips for improving your chances of approval.
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.
