Chicago Real Estate Forum
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 almost 5 years ago,
Mortgage Payments in Illinois
Like everyone else, I'm trying to make sense of everything going on right now. I really try to limit how much and where i get my information from but I keep hearing government officials encouraging tenants to not worry about rent, paying utilities, and halting evictions. I get it, but what about owners, like myself, who have to make that mortgage payments to the banks and lenders on all my real estate investments? Yes I have reserves saved but that will only cover for so long. Those reserves were meant for unexpected expenses, not for all my tenants not paying their rent for the foreseeable future.
When I ask What to do? Im asking just that "what do to do as an Illinois home and property owner?"