- Are there specific areas of Chicago that you are more interested in than others?

If you have any specific questions, I’d be glad to help!

Thanks for the feedback; some quick stats: 9 doors across 4 states, about 50% LTV ratio with a Net Income of about 17% and cash on cash of about 3%.....in fairness those numbers include some overall business expenses not tied directly to one specific property.

Do you have a specific area of Chicago where you would like to live? 

We have specific and unyielding criteria for this, which we provide to all potential borrowers in advance.

Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

In many cases, the $/sq ft value for an ADU can be slightly discounted compared to the main home, but it still boosts overall property value.As far as the specific question about Feliz/Silverlake, maybe reach out to a local appraiser or RE agent who would be able to give you specifics.

Did you have specific questions? 

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

Polis supports the idea, if not the specifics of the bill.