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All Forum Posts by: John Jeffrey

John Jeffrey has started 4 posts and replied 8 times.

Post: Need Attorney to help close on property!!!

John JeffreyPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 8
  • Votes 2

I'm in need of a new attorney to close on property that I've been under contract with almost a year. The seller hasn't responded to any emails and I've been more than patient I'm ready to close. The property is located in Chicago, IL and it's a multifamily 4 unit. I need help because I'm getting the run around!!!!

Post: Looking for REI Accountant in Chicago

John JeffreyPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 8
  • Votes 2

Just got under contract to purchase first investment property and need help getting finances set up any Recommendations? Preferably in South Chicagoland area!!!!

Post: Basement renovation funding!!!

John JeffreyPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 8
  • Votes 2

Any suggestions on ways to fund a basement renovation on a multifamily rental property?

Post: Seeking advise purchasing first multifamily property in Chicago

John JeffreyPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 8
  • Votes 2

@Dorothy Wulf Your absolutely right It's a must. Are there any areas in the city you would suggest looking in since your in my neck of the woods?

Post: Seeking advise purchasing first multifamily property in Chicago

John JeffreyPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 8
  • Votes 2

@Mark Ainley thanks for responding.

Post: Seeking advise purchasing first multifamily property in Chicago

John JeffreyPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 8
  • Votes 2

@Kyle Mitchell Thanks Kyle I'll keep an eye out for that and yes the taxes are pretty high here especially property taxes in certain areas.

Post: Seeking advise purchasing first multifamily property in Chicago

John JeffreyPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 8
  • Votes 2

@Eric Upchurch Man thanks bro for responding I didn't know there was a group like this I've been looking for mentors to help me out. I'm about to join the other group you suggested.

Post: Seeking advise purchasing first multifamily property in Chicago

John JeffreyPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 8
  • Votes 2

Hello I'm a military veteran in Chicago very interested in purchasing a multifamily property and being a owner occupant. I am a first time home buyer and I'm also VA Home Loan qualified.

With the VA Loan its 0% down up to the loan limit in my area. My question is I was thinking about saving this benefit for my second property and using either a conventional or fha loan for my first property once I learn the business is this a good idea or should I just use the VA loan to get the best property I can?

And FYI my annual income is $84,000, dti is 17%, and credit score 735.