Home Buying in Chicago>Question Details

sebastien.hi…, Home Buyer in Chicago, IL

non-resident, non-us perso, possible rate and LTV, and LLC advice

Asked by sebastien.hitier, Chicago, IL Sat Aug 31, 2013

Hi, I am a european living in Asia. I noticed yields are higher in US.
I want to buy property in chicago for investment (round 300k-400k cash, with some more coming in the next 2 years).

Any advise on who would do financing LTV (the goal being to make this cash buy more home).
Also, tt looks like I need proper tax advice on setting up a LLC (FIRPTA Act of 1980)... You know someone who can do that?

Help the community by answering this question:

Answers

6
You can get a property if you pay cash.

If your looking to buy, get a good Realtor to help. Its free to use their services.
Web Reference: http://Americorpre.com
1 vote Thank Flag Link Sat Aug 31, 2013
Purchasing with CASH will be much easier.

Financing options do exist, but more complicated.
1 vote Thank Flag Link Sat Aug 31, 2013
Call Don Kiolbassa at 312 783 9035 and dhk@gbataxlaw.com

He is a CPA and real estate attorney that can advise you properly.

Call Tammy Hajjar at Wintrust Mortgage at 773 609 4374 and she can advise you on what loan products are out there.

I'm a real estate broker with Baird & Warner with an accounting background who can assist you
773 677 5340 Jeff.Nobleza@BairdWarner.com
1 vote Thank Flag Link Sat Aug 31, 2013
I AM YOUR MAN. The investment will need to be reviewed by my team which includes a VP at G rate Mortgage, a attorney who works with international investment and my team @ Koenig.. we are you 1 stop that can make your investment return as you would hope.
1 vote Thank Flag Link Sat Aug 31, 2013
Yes you can do it , but no a lot of lenders in Chicago doing this , but some in Miami
1 vote Thank Flag Link Sat Aug 31, 2013
Please email me at bbiederman@citypointrealty.com. I can refer you to experts in both fields & help you find properties for investment, as well. Barbara Biederman, City Point Realty, 773-914-5309
1 vote Thank Flag Link Sat Aug 31, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer