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Investment Properties in Chicago : Real Estate Advice

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  • Local Info374
  • Home Buying1K
  • Home Selling268
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Activity 88
Sun May 21, 2017
Arlene.cowen asked:
Using Deal Dog from CI 3.0 only brings me south side homes for discount buys
0 votes 0 Answers Share Flag
Sat Apr 1, 2017
Mark Killion answered:
Here is an update regarding Chicago Cap Rates:

I analyzed 2 years of sales transactions for Chicago
Multi-Family apartment buildings.
I wanted to find out the average cap rates by neighborhood.
This is one of my most popular reports.

This report is based on MLS data for sales transactions that closed in 2015 and 2016.
For example, the average cap rate in South Shore was 12.66%.
The average cap rate in Grand Boulevard (Bronzeville) was 9.53%.
The full report can be found here:

Mark Killion
Kale Realty - Chicago, IL
... more
1 vote 14 answers Share Flag
Tue Mar 14, 2017
Sharronandersona asked:
How do I get started building lists of hard money lenders, appraisers, mortgage brokers, inspectors, and leads. Thanks
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Wed Jan 18, 2017
Davistracy2004 asked:
Sun Nov 13, 2016
Malcolm asked:
Sat Nov 12, 2016
Malcolm asked:
I want to add more property to portfolio . I have several properties & my wife wants me to purchase her property . She has good credit & has always paid mortgage & taxes on time…
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Tue Oct 11, 2016
USMortgageRanger answered:
YES as Lender I can help you with a Investment Condo Finance. I would be delighted to provide you with some mortgage options, this does not require us pulling your credit and will allow you to make the best decision for your family. I can be contacted for a FREE no obligation consultation.

Lowell Sterling
Mortgage Banker
NMLS 968898
Phone 469-347-3572
... more
0 votes 1 answer Share Flag
Thu Aug 25, 2016
MCM_STL answered:
You need to be really careful with this. This is a non-arm's length transaction and you'll want to involve your attorney and accountant before you act to make sure everything you're doing is in compliance with tax laws in order to avoid or at least reduce the risk of IRS scrutiny. ... more
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Mon Jul 18, 2016
Cathryn Browne answered:
You can do it simultaneously. Talk to your lender. There are several options including a 203 FHA rehab loan.
0 votes 2 answers Share Flag
Sun Jul 10, 2016
Sattarbhutta49 asked:
Is it possible to buy a Studio or one bed apartment within the price range of 60,000 in Chicago IL 60659
0 votes 0 Answers Share Flag
Wed May 25, 2016
Bob Brandt answered:
It will depend on the size, quality, updates, curb appeal and the best judgement of the appraiser that comes to do it.
0 votes 1 answer Share Flag
Tue Apr 12, 2016
Bob Brandt answered:
Would you like to come in to discuss it and we can look through the best options to achieve your goals?
I specialize in the Northwest suburbs and around the Schaumburg / Streamwood /Barrington / Bloomingdale areas. ... more
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Tue Mar 22, 2016
Sardintommye asked:
I applied for loan for two-flat the unit is $85K. the LO said I should have 6 mos. reserve for the duplex owed, and 20 percent down plus closing cost. Also, the value of property is too…
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Sun Jan 3, 2016
Harjeet Bhatti answered:
Good Afternoon Antwon
Are you planning to flip the property or want to rent out? So I can suggest the right lender name.
0 votes 1 answer Share Flag
Thu Dec 10, 2015
Harjeet Bhatti answered:
We do offer loan under Foreign National Program. I do want more details so I can get your pre-approval. You can reach me
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Wed Oct 28, 2015
Matthew Roder answered:
Patrick Epplin. Very reasonably priced and plenty of experience.
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Tue Oct 6, 2015
John Meyers answered:
You need an agent that will go above and beyond the norm, especially if you are interested in buying or selling an investment property. -- With investment rental properties, the biggest hurdle that most agents don't know who to get over is getting financing approved. -- In addition, the agent needs to warm up the to tenants especially if the agent represents the seller. -- Showing multi-unit buildings is a real challenge so providing the tenants with little tokens of appreciate go a long way. -- I even purchased a car was gift certificate for a difficult renter once and he became my best friend during that deal. :-) ... more
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