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Home Sales Increased—But Will We Ever Meet Demand?
This is a reprint of a Bigger Pockets Article written by Matt Mayre The housing market has been tight on inventory since well before the pandemic. We’re nowhere near the end of the problem, unfortunately—but the effects of the pandemic finally appear to be tapering off. Home sales increased in July New data released by the…
Read MoreWhat Does the Supreme Court’s Eviction Moratorium Ruling Mean?
The U.S. Supreme Court recently denied a request to block the CDC from imposing their eviction moratorium—giving the federal moratorium another month of life. The ruling came from a court split 5-4, with Justice Kavanaugh and Chief Justice John Roberts joining Justices Sotomayor, Kagan, and Breyer to block the request made by real estate trade…
Read MoreMay 2021 Market Snapshot
May 2021 Market Snapshot MARKET SNAPSHOT — CITY OF CHICAGO May 2021 Market Snapshot- *The City of Chicago Market Snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of REALTORS®. 3,403 properties were sold in the City of Chicago in May 2021. This…
Read MoreI Need to build a team !!!!!! HELP
I Need to build a team !!!!!! [email protected] an Investor From London England on Bigger Pockets asks: On a recent Bigger Pocket Post Jason from London England asked for help to build a team for his first investments. Here’s our response to his question. @Jaloan asked: How do I go about building my team of a Lender,…
Read MoreChicago’s Fair Housing Ordinance
Fair Housing During the summer of 2020, the City Of Chicago approved the new Fair Housing Ordinance. This ordinance increases the amount of notice a landlord must give in order to not renew a lease, terminate a lease, or raise the rent of a tenant. Chicago Landlord Wants To Terminate Your Lease – Under the ordinance, landlords…
Read MoreFHFA Extending Foreclosure &; Eviction Moratoriums through March
Foreclosure & Eviction Moratoriums FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period Borrowers can now be in COVID forbearance for up to 15 months This is a reprint of a Press Release from FHFA. The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the…
Read MoreMortgage Broker -Benefit of Using A Great One
The topic is about a mortgage broker that helped us save a deal for a client. A great fix and flip opportunity for our client but at the last minute underwriting got scared and we almost lost the deal. We closed because of a great team effort including the attorney, a contractor that went the…
Read MoreBid First-Negotiate Later
Why Bid First-Negotiate Later While we have no problems going to see properties we’ve found over the years that there’s usually enough information in listings, public records, and pictures for us to have an idea of what we want to bid or recommend be bid on a property without having to go see every property.…
Read More5 Essential Property Maintenance Tasks
As the adage goes: “An ounce of prevention is worth a pound of cure.” For rental property owners, the same is true. A few dollars of preventative maintenance can avoid a hefty bill of hundreds or even thousands of dollars to “cure” a major problem. You also avoid risking getting sued or gaining a reputation as a…
Read More2021 Housing Market Prediction
Top 10 Housing Market Prediction Where is the Housing Market Headed in 202?. Daryl Fairweather of Redfin has made some predictions for 2021. Here’s a summary below. Our comments are included as well. General comment- the housing market will continue to hold strong as the rest of the economy rebounds from the coronavirus-driven. Housing Market…
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