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Joseph Schiller's Blog

By Joe Schiller | Broker in Chicago, IL
  • Joe Chicago Pick of the Day

    Posted Under: Market Conditions in Bucktown, Home Buying in Bucktown, Home Selling in Bucktown  |  May 17, 2011 10:38 AM  |  551 views  |  No comments
    Muti Unit$... big fan of the multi unit investment.  This one is Brick, its in trendy ville, high rent, good renters, safe, vintage, price is getting much better-reduced 60K in last year.  I think there is still room to make it a great deal but its worth a look.  The bottom line is what is the rent going to cover with in principle.  Owner occupied requires less down payment and better rates.  The rules have changed on multi unit purchase..forget investment.. live there 12 months and buy the next one.  the secret.. Go FHA 3.5% down.. big nut for sure but very limited entry..I will hook you up with a top notch lender to find the best saddle for your butt!
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