Lots of investors are looking to get started, and as active real estate experts in Chicago IL, we get asked to share our secrets quite a bit. Fortunately, we love to share 🙂 One of the biggest questions we get from local investors is ” How to find a good investment property in Chicago IL?” With the … Continued
So you wanna get started investing in Chicago and you’re checking things out, eh? Good for you. Always do your homework and you won’t get schooled. Here’s some great tools that we’ve found and we use from time to time and great real estate investing resources in Chicago for investors here locally to tap into … Continued
There’s a lot of competition to find great deals on local Chicago IL foreclosure properties. Finding them is only one part of the process – you also need to know how to capture them. Here are a few secrets from the pros that we’ve used with great success on how to find great foreclosure deals in Chicago. … Continued
Short sale properties can be a great source of income for investors and a great deal for home buyers. It’s important to keep in mind that a short sale is one where the bank has approved a loss on a current loan. They’re losing money, so they want to unload. Generally, the current owner is in a rough … Continued
There’s a ton of information on finding foreclosures in Chicago, and lots of services that will charge you for access to their data. In fact, we have our own foreclosure property listings in Chicago IL right here. Join our Foreclosure Property Alert List here >> But… How do you tell the difference between credible information and … Continued
Uncle Sam gives, and Uncle Sam takes away. But in the case of buying local Chicago investment properties… you can earn investment property tax deductions for your Chicago properties. For real estate investors, the United States provides the opportunity to earn a living purchasing investment properties… and holding those properties as investments, and of course the … Continued
While most people understand that real estate is an investment, many people are taking advantage of the qualified retirement accounts to purchase real estate as an appreciating or revenue-generating instrument like IRAs. It’s really important to understand the tax implications, legal ramifications, and various other intricacies of purchasing Chicago real estate within your IRA. So, let’s dive into … Continued
There are many benefits to investing in real estate, including the ability for nearly anyone to amass great wealth and ensure reliable passive income in retirement. However, to do so means you must avoid costly blunders by educating yourself about the most common warning signs. So read on as we explore these five red flags … Continued
Following proven strategies to invest in real estate has the potential to build significant wealth and provide you with a reliable income stream through your retirement. However, there are limits to what you can achieve alone, so many investors turn to partners to strengthen areas of weakness. Perhaps you have the financial backing but need … Continued
Real estate investments are a great path to building wealth and a secure financial future from passive income to carry you through retirement. Unlike other business ventures, real estate investing happens around the clock, so it’s helpful to have everyone in the family on the same page and ready to jump into action when the … Continued
Consejos de Bienes Raíces para invertir Ubicación: Busque propiedades en áreas con potencial de crecimiento y alta demanda. Investigación: Investigue a fondo el mercado, los valores de la propiedad y el potencial de retorno de inversión. Presupuesto: Establezca un presupuesto y siga ese presupuesto, teniendo en cuenta todos los gastos potenciales, como reparaciones, gestión de … Continued
Location: Look for properties in areas with potential for growth and high demand for rental properties. Research: Thoroughly research the market, property values, and potential for return on investment. Budget: Set a budget and stick to it, taking into account all potential expenses such as repairs, property management, and taxes. Networking: Build a network of … Continued
Investing in real estate can provide a number of benefits, including: Potential for steady cash flow: Renting out a property can provide a steady stream of income, which can be used to cover the mortgage and other expenses associated with the property. Appreciation: Real estate values generally increase over time, which can provide a significant … Continued
It’s never too soon or too late to invest in real estate. However, the best time to get started is now, no matter your age, building wealth and securing a comfortable retirement through passive income. Accepting no excuses and overcoming whatever stumbling blocks may be holding you back, and taking action now means a future … Continued
Your property’s equity or current market value, less any debt still owed on the mortgage, increases your net worth. You must understand what lenders are looking for when borrowing to purchase an investment property, such as barring gifts for use as your downpayment, making your available equity to invest a much more valuable resource. Using … Continued