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All Forum Posts by: Keith Ellis

Keith Ellis has started 5 posts and replied 35 times.

Post: What are the risks of buying over appraised value?

Keith EllisPosted
  • Investor
  • Chicago, IL
  • Posts 35
  • Votes 20

Which neighborhood is this condo in? 

Post: Cash flow on Waukesha WI Single Families?

Keith EllisPosted
  • Investor
  • Chicago, IL
  • Posts 35
  • Votes 20

Is there a ballpark range for rental prices that folks are targeting for Carroll College students? I'm curious how pricey rent can realistically get in this area. Also, what is the demographic most people find as tenants aside from these students? 

Post: Local Community Bank for HELOC up to 90% LTV

Keith EllisPosted
  • Investor
  • Chicago, IL
  • Posts 35
  • Votes 20

I'm not sure about local/community banks but I know US Bank goes to 90% LTV on HELOC's.

Post: Background and credit checks

Keith EllisPosted
  • Investor
  • Chicago, IL
  • Posts 35
  • Votes 20
John, would you mind sharing some of your reasons for preferring Experian's service over TU's? 
Originally posted by @Account Closed:

I highly recommend Experian at https://connect.experian.com/

I don't recommend TransUnion at all.

Check out https://cozy.co/. 

Post: Insuring non-owner occupied condos

Keith EllisPosted
  • Investor
  • Chicago, IL
  • Posts 35
  • Votes 20

My local State Farm office issued a policy for my rental condo.

Post: Chicago 2017 Lease and Disclosures

Keith EllisPosted
  • Investor
  • Chicago, IL
  • Posts 35
  • Votes 20

Thanks for sharing this Brie! 

Post: Potential in South Shore / South Chi / East Side

Keith EllisPosted
  • Investor
  • Chicago, IL
  • Posts 35
  • Votes 20

@Ronan M. I've taken the drive down LSD and seen how quickly things change, but I haven't really explored the area too much. That's on my list for this weekend. When you said "it could pay off" were you referring to anything beyond the fact that property values may NOT appreciate? 

Post: Potential in South Shore / South Chi / East Side

Keith EllisPosted
  • Investor
  • Chicago, IL
  • Posts 35
  • Votes 20

I'm looking to learn more more about these south side neighborhoods (South Shore, South Chicago, East Side) and wanted to see if folks familiar with these areas would mind sharing their thoughts. I'm looking for MY buy & hold opportunities. Within each of these neighborhoods, what locations should I target or steer clear of? 

Post: Get started with rentals using Heloc of loan?

Keith EllisPosted
  • Investor
  • Chicago, IL
  • Posts 35
  • Votes 20

I'm not sure, but I'd suspect the answer would be lender specific. Best to consult them for specifics.