Investment Properties in Chicago : Questions & Answers

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John Meyers, Real Estate Pro in Chicago, IL
John Meyers answered:
I am looking for an accessible commercial mortgage broker for a 3 unit salon I am under contract to buy in Chicago, Logan Square.
I have one of the best in Chicago who can outline all of your best options. Underwriting takes about 30 days. Thanks, John Meyers (Meyers Realty)
0 votes Share Flag Fri Jun 20, 2014 Investment Properties in Chicago
Bryan Hayes, Real Estate Pro in Chicago, IL
Bryan Hayes answered:
What's the best type of property to purchase as a first time investment property ?
An owner occupied 2-4 flat is great way to start out because you may be able to live for free while you build equity. Keep it simple and make sure the property is cash positive with th ... more
0 votes Share Flag Thu Jun 12, 2014 Investment Properties in 60644
Katrina Peko…, Real Estate Pro in 60640
Katrina Pekovic-Dobrovolny asked:
Investment properties on Chicago's Northside are priced right to ensure appreciation and an aggressive ROA of 10% . What does it take to be a landlord and is it right for you? Can you handle the "work" and do you have the people skills you will need? These are questions one should answer for themselves,…
0 votes Share Flag Fri May 23, 2014 Investment Properties in 60640
Urban Oasis…, Real Estate Pro in Chicago, IL
Urban Oasis Property Pros answered:
What's the rental market like in Hyde Park/Bronzeville?
Hi Jackie! Bronzeville is definitely a hot spot. Perfect time to purchase in that area. Feel free to call me at anytime to discuss. 312 568 6119 or urbanoasisproperty@outlook.com
0 votes Share Flag Sat Apr 19, 2014 Investment Properties in Chicago
Urban Oasis…, Real Estate Pro in Chicago, IL
Urban Oasis Property Pros answered:
What are some things a first time multi-family buyer in Chicago should know? Looking to buy place for under $400K and want to owner occupy.
Hi! I can help you find a multi-family home in Chicago. I have a few connections with bank owned properties as well as foreclosures. You are definitely on the right track! You just ... more
0 votes Share Flag Sat Apr 19, 2014 Investment Properties in Chicago
B.J. Tregoni…, Real Estate Pro in Chicago, IL
B.J. Tregoning answered:
Looking for a realtor with multifamily experience in the Bucktown / Wicker Park / Logan Square area.
I would love to help!
Organic Realty
Bj Tregoning
myrealtorbj@gmail.com
773-418-1232
0 votes Share Flag Mon Mar 31, 2014 Investment Properties in 60647
Jeff Nobleza, Real Estate Pro in 60640
Jeff Nobleza answered:
Investor/Broker needs MLS Access
Look up Toska Palmer on this site. I think you should talk to her.
0 votes Share Flag Sun Mar 30, 2014 Investment Properties in Chicago
Jeff Nobleza, Real Estate Pro in 60640
Jeff Nobleza answered:
Hey all, I'm thinking about purchasing a nice two bed apartment in Lakeview (around $450,000), which I would want to rent out.
Hire a realtor, there's many good ones on this site
0 votes Share Flag Sun Mar 23, 2014 Investment Properties in Chicago
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
We are looking for Hard Money Lenders in Chicago who will loan at least 70% ARV to include acquisition price.
Ldepiero, if you are looking to "fix & flip", then depending on the project we have an investor who will lend on the ARV. No payments required. Need to sell within 12 months of acquis ... more
0 votes Share Flag Thu Mar 20, 2014 Investment Properties in Chicago
Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
What is a good and bad cash-on-cash return for a condo in Streeterville?
Depends on the amount of rehab needed for the unit. You should be able to get at least 5%.
0 votes Share Flag Thu Mar 20, 2014 Investment Properties in Chicago
Jeff Nobleza, Real Estate Pro in 60640
Jeff Nobleza answered:
mulit units for sale
For a knowledgeable real estate professional to be able to help you we would need more information from you. As stated below, engage a real estate professional to help you answer your q ... more
0 votes Share Flag Sat Mar 15, 2014 Investment Properties in Chicago
Livia Gutier…, Real Estate Pro in Chicago, IL
Livia Gutierrez answered:
Does 5701 N Sheridan Rd allow rentals ?
Yes, 5701 allows rentals. There are a few available right now.
0 votes Share Flag Thu Feb 27, 2014 Investment Properties in Edgewater
Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
I need to see if I qualify for to buy a house
Leon,

Talk to a Loan Officer in order to get pre qualified. The combination of your income, credit & down payment will determine your ability to qualify.
0 votes Share Flag Fri Feb 21, 2014 Investment Properties in Brighton Park
doug, Real Estate Pro in Noblesville, IN
doug answered:
Anyone know of a source to do blanket loans in the name of an entity, such as an LLC, for NOO residential properties in Chicagoland area?
RentalHomeFinancing.com – February 10, 2014 - Direct provider of permanent commercial blanket mortgage financing for 5 to 500+ rental properties on a Nationwide basis.

Competitive ... more
0 votes Share Flag Tue Feb 11, 2014 Investment Properties in 60610
Todd Shissler, Real Estate Pro in Chicago, IL
Todd Shissler answered:
I'm a professional real estate investor in the Chicago area who's looking for an investor-friendly agent/realtor to represent me with sellers.
I am happy to help. I work with Koenig & Strey in Chicago, and am happy to help you look anywhere in the city. Please contact me at 312-602-5711.
0 votes Share Flag Thu Feb 6, 2014 Investment Properties in Chicago
David Hanna, Real Estate Pro in Chicago, IL
David Hanna answered:
Single/ multiple member LLC or C corp
Illinois has Series LLCs, you can check into those. That lets one LLC hold the interest in others.
Case law is case law, and any corporate veil can be challenged in a lawsuit.
A singl ... more
0 votes Share Flag Wed Nov 20, 2013 Investment Properties in Chicago
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