Tag: investment

Buying foreclosures in Chicago can be a sound investment strategy, but you need to know how to take advantage of these opportunities. Before buying any Chicago foreclosures, there are some important things to keep in mind about the process in general and the property in particular. Foreclosures vs. Pre-Foreclosures You should consider whether you want … Continue

So you’ve just purchased a foreclosure property and it’s necessary to make some renovations.  As with any investment, it’s important to stick to a budget. While some tasks can be easily accomplished yourself, it’s also very important to hire professionals to do certain tasks for both safety and economic reasons.  Here are a few areas … Continue

Finding the perfect foreclosure to invest in is exciting, but paying for it is the opposite. Many would-be investors shy away from purchasing bank-owned properties because they don’t have the available capital to make an all-cash purchase, which is the preferred payment option (or sometimes only option as in a foreclosure auction). However, there are … Continue

According to many advisors, a great way to diversify your investment portfolio is real estate. An attractive option for those who want to generate a positive cash flow is to purchase a multi-unit property. This is a good choice for several reasons. May Be Less Difficult to Obtain Financing A larger loan for a multi-unit … Continue

Whether you are trying to estimate your current property’s value or determine if a potential new home is priced fairly (but aren’t quite ready to consult with a realtor), here are some tips for estimating it yourself. The first, and most important step, is to look for comparable properties in the same area. Try to … Continue

Throughout the state of Illinois, including the Chicago metropolitan area, residents are slowly reopening the doors of their non-essential businesses and attempting to resume work in the midst of COVID-19 health precautions. However, as many other states haven’t been as slow to reopen, they are seeing resurgences in the virus and are reinstating stricter rules. … Continue