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Updated almost 8 years ago on . Most recent reply

User Stats

15
Posts
3
Votes
Christian Halsey
  • Real Estate Investor
  • Chicago, IL
3
Votes |
15
Posts

% Buying in Chicago %

Christian Halsey
  • Real Estate Investor
  • Chicago, IL
Posted

Hi BPC,

I am currently living in Chicago wanting to purchase a residential multi-unit (2-6) building  in the Chicago and surrounding communities.

I am wanting to do a creative deal as I have experience with terms and negotiation. Also if anyone would like to JV on a deal I am open to that as well.

What I can bring to the table is knowledge to put a deal together and the necessary contracts. I also have a network of experienced r.e. investors that I     may call upon at anytime if need be.

Most Popular Reply

User Stats

380
Posts
201
Votes
Chase Gochnauer
  • Investor
  • Des Moines, IA
201
Votes |
380
Posts
Chase Gochnauer
  • Investor
  • Des Moines, IA
Replied

Unless something has changed, you can get an owner occupant loan on a 4 unit, so that would be the way to go as it will limit your down payment to a small amount. Once you hit 5 units you'll be stuck putting 20% down. Just something to keep in mind.

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