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All Forum Posts by: Dorothy Wulf

Dorothy Wulf has started 1 posts and replied 145 times.

Post: Setting up a eQRP vs. SDIRA

Dorothy WulfPosted
  • Chicago, IL
  • Posts 165
  • Votes 49

Yes, my husband and I have EQRP’s. Highly recommend. You are the custodian or your own account. 

Post: How fast can I sell a house after purchasing it?

Dorothy WulfPosted
  • Chicago, IL
  • Posts 165
  • Votes 49

I stated, "Ask if the 2nd tier finance company mentioned, has a penalty for selling early?"  This may alter your decision in when you want to sell. Some companies have heavy penalties for selling early, as this is when they make the most money off the loan. Selling early can alter your decision on when to sell. 

Post: How fast can I sell a house after purchasing it?

Dorothy WulfPosted
  • Chicago, IL
  • Posts 165
  • Votes 49

Find out the penalties that will be imposed if selling early.

Post: Range cost to build a 2-car framed garage in Chicago

Dorothy WulfPosted
  • Chicago, IL
  • Posts 165
  • Votes 49

If the concrete pad is there, a garage should be approx $8K

Post: Chicago Low Rent Schedule = FHA Self Sufficiency FAIL

Dorothy WulfPosted
  • Chicago, IL
  • Posts 165
  • Votes 49

You should find mls comps that show parking included in rent price. 

Post: Chicago Low Rent Schedule = FHA Self Sufficiency FAIL

Dorothy WulfPosted
  • Chicago, IL
  • Posts 165
  • Votes 49

You can provide the lender you own comps. I would add a summary page and number the pages of the comps for easy reference.

Post: Looking for First Rental Property in Illinois

Dorothy WulfPosted
  • Chicago, IL
  • Posts 165
  • Votes 49
I would recommend Jefferson Park. New development. Walking distance to train lines and between two expressway ways.

Hi Daniel,

A lender that I use all the time just locked in my client on his investment property at 3.75%. Feel free to private message me for his information.

Post: INVEST NOW OR WAIT A COUPLE MONTHS??

Dorothy WulfPosted
  • Chicago, IL
  • Posts 165
  • Votes 49

Hi Sebastien!  I would recommend getting your search going as you never know when a good deal with come on the market. Right now inventory is low. Rates are terrific so if you find something, I would recommend taking a look at it and if the numbers make sense then I would submit an offer.

Post: Prospective Investor in Chicago Metro

Dorothy WulfPosted
  • Chicago, IL
  • Posts 165
  • Votes 49

Welcome Scott! I would be happy to answer any questions you have regarding investing in the rental market.