All Forum Posts by: Tiffany J.

@Jonathan Taylor

Hello! I am confused about all the financing options. Is it better to have more skin in the game (at least 20% for downpayment) or is it better to put down less so that you are not using up your own money? 

If you put less than 20%, then you would end up paying more for PMI, correct?

Thanks for your help!

Hello! I started looking at open houses in Chicagoland because it is the area that I know. Some people say to start off with an area that you are familiar with. 

However, I have also heard that the laws favor the tenants in Illinois. It also seems very difficult to find properties that will provide cash flow. Am I better off looking elsewhere even though I am new at this and this is the area that I know?

Also, do you have recommendations on how to find a good tax advisor? (Not asking for a referral but I am not sure how to find a good tax advisor.)