Home Buying in Ravenswood : Advice

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Mary Kay Lau…, Other/Just Looking in Chicago, IL
Mary Kay Laurent NMLS ID: 8705 answered:
I am looking to buy a 2 flat building in the North Ravenswood area with the hope of rehabbing it and
Condo conversions are tricky and you will want to consult with an expert on doing this. Purchasing it as an investment property and getting rental income is an excellent long-term opti ... more
0 votes Share Flag Mon Oct 14, 2013 Home Buying in Ravenswood
Joe Schiller, Real Estate Pro in Chicago, IL
Joe Schiller answered:
If the property is in pre-foreclosure, how does one buy before foreclosure?
you go to the agent who has it listed for sale and buy it
0 votes Share Flag Mon Oct 14, 2013 Home Buying in Ravenswood
Joe Schiller, Real Estate Pro in Chicago, IL
Joe Schiller answered:
How often do sellers cancel contracts AFTER the attorney review period?
you have to call the attorney and ask them how to do it
0 votes Share Flag Mon Oct 14, 2013 Home Buying in Ravenswood
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
Which direction do you think interest rates are likely to move in the next year?
Up as we saw yesterday. Rates jumped already and with the fiscal cliff extension ending after this year they will prob go up even more next year.
0 votes Share Flag Tue May 21, 2013 Investment Properties in Ravenswood
Michael Vrie…, Real Estate Pro in Lincoln Park, Chicago,...
Michael Vrielink answered:
Short sales and pre-closing possession fun!
Personally I would explore the idea of pre-possession provided your attorneys can draft up language that protects you.

Paying only HOA and utilities certainly helps you save your ... more
0 votes Share Flag Thu Aug 23, 2012 Home Buying in Ravenswood
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