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Updated over 8 years ago on . Most recent reply

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April R.
  • Chicago, IL
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

@April R. - Welcome!  We have an awesome group of Chicago investors who are all about helping each other.  

Have you narrowed it down to an area yet?

I also want to suggest a alternative financing strategy.... if you don't currently own any property you can do a 5% down conventional loan program. The PMI is lower and you don't pay the UMIP. Then in 6-12 months you can buy another property with a 3.5% down FHA loan. Essentially using two low money down programs, but it doesn't work if you do FHA first.

This is a strategy almost all my clients use and we plan the first one so that we can get a second one quickly.  

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Second City Real Estate
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