Investor Concentration Chicago Condo All Locations : Advice

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p8ntguy36, Home Buyer in Chicago, IL
p8ntguy36 asked:
Is 25% rental cap in condo building too low? Is obtaining a loan to purchase more difficult if rentals a ... I live in a building with about 40 units. The HOA caps the rentals at 25%. They stated the reasoning is that banks will not loan to potential buyers if the rental units are above 25%. I...
0 votes Share Flag Thu May 30, 2013 Home Buying in Chicago
Riverbuyer, Home Buyer in Chicago, IL
Riverbuyer asked:
What is the HOA situation in 10 E Ontario? I've heard a large amount of tenants are in foreclosure
0 votes Share Flag Fri Feb 24, 2012 Home Buying in Chicago
4525, Home Owner in Chicago, IL
4525 asked:
I live at 4525 N. Western Avenue, Chicago. We have 3 rentals in an 8-unit building, cant get Fannie, F ... No restriction on investor owned units in Declaration. Now, all the other unit owners are stuck with thei ...
0 votes Share Flag Fri Feb 4, 2011 Property Q&A in Chicago
Ben Haile, Home Buyer in Chicago, IL
Ben Haile asked:
Nervous about buying a condo bc the owner of the only other two units in the building is not in the country. ... Our agent tried to find any tax records for the property but apparently couldn't find any. I have searched through the online public records and cannot find any records for this pr...
0 votes Share Flag Sat Aug 7, 2010 Foreclosure in Chicago
Tasha Stewart, Home Buyer in 60653
Tasha Stewart asked:
Condo not approved for FHA- are there other options for financing? Property is not on the FHA approval list nor did it past spot check approval. any options that may help when FHA is not approved?
0 votes Share Flag Fri Apr 9, 2010 Financing in 60653
Cj, Home Buyer in Chicago, IL
Cj asked:
First Time Home Buyer: High amount of rentals in a Condo affect decision to buy? Hi guys,Does/should a condo having a large number of units being rented have an impact on my decision ...
0 votes Share Flag Wed Feb 18, 2009 Home Buying in Chicago
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