All Forum Posts by: Andy Smith

 Thanks for the mention @Jonathan Klemm!! Nice to meet you Michael. Definitely agree with Jonathan here, that if we can find you a way to continue your multi-unit adventure, it would present the opportunity to expand at a fast rate. Responding to your colleague request now.

 Thanks for the mention Jonathan. We definitely still have the 15% down program. I'm actually using it at the moment on two properties. Feel free to reach out Timir. 

 Thanks so much for the mention Jonathan. 

Great to meet you Robert! Jonathan has provided a great list of my colleagues here, I would be delighted to chat with you about what our company offers. Jonathan and I actually host an investors meet up together and about 50% of my clients are either investors or house hackers. I'm actually under contract at the moment on 3 doors, so happy to chat and share my experiences as well.

 Hey Antonia, great to meet you. I have worked with a ton of first time investors, and I'm actually in the process of acquiring my first property as well; fun times! Let me know if I can answer any questions.

Thanks for the mention @Jonathan Klemm. Steve and I are already in touch, looking forward to helping him get started on this adventure!

Hey @Ornuma Panmunee, so sorry to hear about everything you're going through! I actually used to be an elementary school teach, so I can relate to how life must be feeling right now, especially with the new school year. 

A couple of my colleagues made great suggestions here about rent to own using seller financing, so I would definitely recommend looking into that. I would also recommend enlisting the support of your attorney to plan your next purchase. In Illinois, you actually only have to have a spouse waive title on a refinance, so you could go ahead and close on something in your own name without your spouses input. 

Seems like you're already quite savvy with rental return, just a reminder that you can use 75% of the rental values of a prospective property to help qualify if you're thinking about multi-units. Hope this is helpful and good luck!

Thanks for the mention @Jonathan Klemm. I would say if you're willing to @Chris Gundersen, owner occupied investments is definitely the way to get started. Various programs that we have will allow you to put between 3.5 and 10% down depending on a few factors. Happy to chat through/price out scenarios for you. Ultimately, it's always good to try and stick with a residential lender if you're looking to buy and hold, because rates will be lower and terms more advantageous. 

Thanks for the mention @Paul De Luca and @Jonathan Klemm. I've sent you a message @Scott M. Fletcher.

@Alex Persons, sure you've already seen this as well, just wanted to share: https://www.foxlake.org/DocumentCenter/View/3179/Short-Term-Rental-Packet-

@Alex Persons, I'll ask on the Facebook group and see if I can find out which do and don't allow. I'm a big fan of some of the lakes just North of there in WI, rules seem to be more lenient, and taxes are lower.