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Costs of Holding Onto An Inherited House in Chicago

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So, you have inherited a house, while this may sound exciting, the reality is less than a pleasure. The truth, however, is that you have inherited expenses along with the house. Well-intentioned loved ones all too often leave their property in their will to beneficiaries that are already struggling to afford their monthly bills. Often, … Continued

5 Ways to Buy Investment Property in Chicago When You Have Bad Credit

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Bad credit doesn’t have to derail efforts towards building passive retirement for your income through real estate investments. While conventional lenders may turn you away over your past transgressions, they are not the only option available for funding investment property. While the perfect scenario would be to repair your credit issues and then gain financing … Continued

What You Should Know About Using Hard Money Lenders in Chicago

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Hard money is a term that describes borrowing without going through the traditional lenders to purchase real estate using the property as collateral along with other factors to approve the loan. When borrowers either lack time to go through the conventional process or are unable to attain lender approval, hard money lenders offer an alternative.  … Continued

How to Get Financing for Your Chicago Investment Property

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Time waits for no one. Nowhere in life is this more true than taking measures to ensure your passive income during your retirement years. By taking action, you will have the ability to tackle your bucket list as well. It is more critical that you get started sooner rather than later because the amount of … Continued

6 Tips For Dealing With Bad Tenants In Chicago

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Are you tired of dealing with bad tenants in Chicago? Whether it is the property or the location attracting the wrong people, owning a bad investment property can be expensive and frustrating. Below, we offer 6 tips for dealing with bad tenants in Chicago!  Owning an investment property occupied by bad tenants can destroy your … Continued

How To Find The Right Tenants For Your Chicago Investment Property

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Even the best rental properties don’t show their true value until the are being rented by the right people. Learn how to find the right tenants in our latest post! Having the right tenants for your Chicago investment property is critical to your success. Tenant turnover, damage, unpaid rent, and violations incurred by your tenants … Continued

5 Tips to Help You Pay Cash for Your Investment Property in Chicago

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While you may believe you are in no position financially to invest in another property, there are several creative ways to achieve the American dream of homeownership. The ultimate in buying is the ability to pay cash for the real estate transaction, saving time, trouble, and interest. Cash buyers stand out among other offers and … Continued

How to Make Money Buying Notes in Chicago

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You may have had a mortgage with a lender and then received notification that you will be making payments to a different lender. This change of payment notification means your lender sold the note on your mortgage on the secondary mortgage market. Your originating lender bundled your mortgage note in with others and sold them, … Continued

5 Rock Solid Ways to Grow Your Chicago Real Estate Portfolio in 2021

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Understanding the possibilities available to you as a real estate investor will allow you to diversify your portfolio. As an investor, your job is to continually seek a balance to cover any short-fallings of your investments in any given area of the real estate market. By spreading your investments across various types of properties, you … Continued

How to Improve Tenant Retention in Chicago

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Anyone can become a landlord. But not everyone knows how to find and keep quality tenants. To help increase your overall ROI, we have put together some ideas to help improve tenant retention! In the simplest terms, the more turnovers you have, the more days your property will be vacant. The more days your property sits … Continued

The Eviction Process – Do’s and Don’ts in Chicago

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As a landlord, you will inevitably have to deal with the eviction process. It’s never fun, for you or the tenant. But there are ways to prepare, so you can make things go as smoothly as possible. Here are some do’s and don’ts to help you navigate the process. What You Should Do: Try to … Continued