Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 6 months ago,
Private money lending, Chicago
Hey all! Looking for some advice. We are looking to do a private money lending deal with a company out of Chicago on a SFH. There are some details I just found out about. Although we will be the 1st lien holder on the house, they do not record the lien. Is this a normal thing for Illinois? Or should we back out?