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How To Manage Investment Property While Working Full-Time

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In 2017, upwards of 75 percent of independent rental property owners in the U.S. reportedly worked another job on top of being a landlord. That means the overwhelming majority of landlords are attempting to juggle more than they can handle at times. However, there are organizational and strategic concepts that can maximize efficiency and profitability of your investment. Consider the …

3 Reasons Why Buying a Chicago Investment Property Is the Best Way to Build Your Net Worth

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Whether you have recently graduated from college or are getting close to retirement, it’s likely that you have given some thought as to how you can grow your net worth. You might have invested in stocks, picked up a few bonds or have a 401(k) plan set up to help fund your retirement. But have you considered buying Chicago real …

Auction

Auction 101: Bidding On Your First Property

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by Kurt Clements Are you thinking of buying an auction home to invest in the South Side of Chicago? With the right combination of strategy, knowledge, and luck, flipping houses can create big profits for short-term investors. However, your path to success starts at your first auction. For first-timers who are intimidated by their lack of experience at public auctions, follow …

mortgage rate

Real Estate Remains A Strong Wealth Management Investment

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by Kurt Clements A young long-haul trucker driver once took an elder’s advice and invested all of his money into real estate. Even though he was seldom at home to enjoy the fruits of his labor, he hired a property management company to handle the properties. The advice that stuck with the driver was simple. “They’re not making any more of …

Buying a Chicago Rental Property? These 4 Key Tips Will Ensure You Buy One That Turns a Profit

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Are you considering purchasing a Chicago rental property? With today’s interest rates doing little to encourage saving, many individuals are looking elsewhere for new investment opportunities. In today’s blog post we’ll share four essential tips for buying a profitable rental property. Let’s get started. Buy A Property With Year-Round Potential Many real estate investors agree that the best rental properties …

Land Survey

3 Things You Should Know About Land Surveys

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by Kurt Clements In the south side of Chicago land surveys almost seem unnecessary, with the 25X125 lots and all.  Yet, that could be farther from the truth.  One thing to think about when purchasing a home or parcel of land is to have an updated land survey conducted. While property deeds generally include detailed information, many are outdated for a …

‘Tis the Season: 5 Reasons Why Winter is a Great Time to Buy or Sell a Home

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by Kurt Clements It’s a common misconception that you shouldn’t try to buy or sell a home during the fall and winter months, even in Chicago. This is generally considered the “offseason” in real estate. Many sellers mistakenly believe that the cold weather will keep buyers away and that no one is looking over the holidays. Unfortunately, many real estate …

Renovating in 2018? Cash-out Mortgage Refinancing Might Be the Best Way to Fund It

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If you are a Chicago homeowner thinking about a significant home renovation in 2018, you have probably already considered your budget. As with any large project, you need to have the ability to pay the expected costs plus have a little bit extra set aside, just in case. The great news is that if you are a homeowner with a …

Questions and Answers Regarding Escrow Accounts

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Whether you are purchasing a new Chicago home or you are considering applying to refinance your home, chances are the lender will require an escrow account. These accounts are often a source of confusion for homeowners. In reality, these accounts benefit the homeowner and help protect the lender. What is an escrow account? Escrow accounts are sometimes called “impound” accounts. …

Why Real Estate Investing Makes (Dollars and) Sense

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INTRODUCTION Scroll through Facebook, and chances are you’ll see at least one advertisement for a group who promises to teach you how to “get rich quick” through real estate investing. The truth is, much of what they’re selling are high-risk tactics that aren’t a good fit for the average investor. However, there is a way to make steady, predictable, low-risk …