Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Real estate transactions with non-profit organizations like nursing homes or religious entities can indeed be unique, but they’re often manageable with the right approach.
Nina Erlandson
Has anyone used Obie Insurance?
28 January 2025 | 56 replies
Always good to know of other companies who provide products and services!
David Hori
Is Pace Morby a Scam?
27 January 2025 | 109 replies
Just understand that there are two sides to these transactions.
Mike Nelson
Short Term Rental-Famous person previous owner
30 January 2025 | 10 replies
If Oak Park allows STRs, leveraging that history could make the property stand out.That said, unless the home has been preserved as a landmark or has unique historical features, the value boost may be more about novelty than a significant price increase.
Gregory L.
Rent it or live-in flip it?
26 January 2025 | 2 replies
Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.
Evan Haas
New to the forum, hoping to get started with a multi-family
16 January 2025 | 11 replies
Even though interest rates are high, we have a big Mircron plant coming here as part of the CHIPS act so that could boost housing demand in the coming years.I don't know the SYR market, but I did a quick search for duplexes somewhat outside of the city, and found this: https://www.realtor.com/realestateandhomes-detail/7300-Lakes....
Stacie Telles
Refinance on Investment Property
30 January 2025 | 9 replies
If you remodeled, added a room, replaced a roof, painted, boosted the curb appeal, etc. that's a different story.
Jarret Jarvis
10 Smart Tips for House Hacking in Chicago: Find Your Perfect Investment Property
30 January 2025 | 3 replies
Adding a washer/dryer to a $500,000 two-flat in Rogers Park could allow you to raise rents by $150/month, significantly boosting your ROI.8.
Deanna B.
Is Real Estate a Better Bet Than Treasuries in 2025?
29 January 2025 | 3 replies
If enacted, these changes would bolster real estate valuations and enhance returns for investors.How Real Estate Outperforms Under Different ScenariosIf Interest Rates Rise (Higher Inflation):Treasuries: Medium- to long-term bonds lose value, potentially resulting in negative returns.Real Estate: Higher inflation leads to rent growth, boosting net operating income (NOI) and offsetting the impact of higher borrowing costs.If Interest Rates Fall (Cooling Economy):Treasuries: Bonds appreciate in value, improving returns.Real Estate: Lower rates drive cap rate compression, significantly increasing property valuations and returns for investors.Conclusion: Asymmetric Risk-Reward in Real EstateWhile Treasuries offer a safe haven, they also come with limited upside and potential interest rate risks for medium- to long-term maturities.
Monty Alston
Need creative advice to pull equity out of my home ?
18 January 2025 | 15 replies
There is the Experian Boost that adds monthly utility bills as credit and various apps and facebook groups.