Amie D.Depends on the type of mortgage. if the first property was obtained with FHA financing, they typically only want you to have one OO financed property at a time, unless for some outstanding reason(which you have to prove), then they may allow you to carry two...a permissible waiver may be if you unexpectedly have to move out of the locale for job related reason.

I have made my profit by using all cash to obtain properties at deep discount or to lend money at very profitable terms.

You can obtain a copy of the ordinance by clicking on the link above, or at the Housing Inspection Bureau office at 100 N.

I have continued to invest and help others invest to obtain financial freedom.

Have your lawyer examine the lease, and if possible ask for an estoppel certificate to confirm that everything is actually at it appears.Frank

Then, when it's time for daddy to get paid off the child comes in and has no proof of payments and when that is obtained they can't qualify because they relied on daddy's love and affection instead of good business practices.

My grandfather, father, and I have never obtain a loan application or credit report on any of the thousands of people we have loaned money to since the early 1900s.

Since this is a tax deed, you cannot resell the property with insurable title until you either 1. obtain a quiet title action from an attorney, or 2. wait for 4 years.I did the quiet title action and that cost about $1500.

Good Morning BP, As a veteran, my goals this year is to obtain at least 2 multi family homes.

Do you have lien certificates in IL?