Home Buying in 60620 : Advice

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Harry Maisel, Real Estate Pro in Chicago, IL
Harry Maisel answered:
My name is Andre, will a bank approve me for a loan for a 3 flat bldg in chicago with me having no experiece as a landlord ?
Andre,

You absolutely do not need any experience being a landlord in order qualify for a mutli-unit property.
Before I got into residential real estate brokerage, I owned several mu ... more
0 votes Share Flag Sun Oct 13, 2013 Home Buying in 60620
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
Can I legally sell a home that I have a forbearance contract with?
I would also speak to an attorney for a little bit of help .
0 votes Share Flag Fri May 17, 2013 Home Buying in 60620
Riccardo War…, Real Estate Pro in Downers Grove, IL
Riccardo Wardlow answered:
We just bought a property in Chicago and only my wife's name is on the deed and mortgage. What rights do I have to the property?
If your wifes name is the only one on the deed that means you signed away homestead. If that is the case, you don't have any rights to the property. However, if she is on the Deed and t ... more
0 votes Share Flag Wed May 1, 2013 Home Buying in 60620
MarkusAIC, Real Estate Pro in Chicago, IL
MarkusAIC answered:
I saw a 3 bed 1 bath condo for, $5K, in my area. The building is in receivership. Should I stay away from this as a first home buyer?
Reality check here folks. $5K Condos aren't usually the deal they may seem to be. Tread cautiously.
If the building is in receivership, it means that it has severe enough problems for ... more
0 votes Share Flag Fri Apr 27, 2012 Home Buying in 60620
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
i want to get into a rent to own property, what do i need to do??
Based on my personal experience working with credit challenged individuals most of the rent to own situations do not result in homeownership. In fact, it is amazing how unrealistic the ... more
0 votes Share Flag Thu Sep 1, 2011 Home Buying in 60620
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