Buy & Hold

May 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…

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Pilot Accessory Dwelling Units (ADU) Ordinance Approved

Accessory Dwelling Unit Ordinance (ADU) Approved An Accessory Dwelling Unit  or ADU is a legal and regulatory term for a secondary house or apartment that shares the building lot of a larger, primary house. An ADU can be a tiny house in the backyard, a coach house, a granny flat, a build-out space in the…

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I 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,…

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Judge Vacates CDC’s Eviction Ban, But Appeal Delays Action

Judge Vacates CDC’s Eviction Ban A U.S. District Court judge for the District of Columbia ruled Wednesday that the Centers for Disease Control and Prevention’s nationwide eviction moratorium is unlawful, striking down the ban and delivering relief to housing providers who haven’t been able to collect rent from struggling tenants for more than a year. But the…

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Is The Housing Market Going To Cool Off Soon

Is the housing market going to cool down? According to data provided by the Federal Reserve, inventory bottomed out nationally in October, hitting levels we haven’t seen since 2004. This has led to one heck of a seller’s market over the last couple of months.  The months supply of inventory for single-family homes in Chicagoland…

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What are the Security Deposit Changes in the new RTLO

Cook County Commissioners pass new RTLO for Rental Deposits Security Deposit- In January 2021, the Cook County Commissioners passed the new Residential Tenant Landlord Ordinance, also known as the new RTLO.  The RTLO will go into effect on June 1, 2021, and will bring many changes to owners in the 125 cities in Cook County.…

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How Student Loans Impact Your Credit Profile- Need Help?

Student Loans Impact on Your Credit Student Loans- There are a lot of people out there who receive tremendous benefits from student loan assistance. This doesn’t include the 30% of people who obtain one only to drop out of school early, or for our 300,000 waiters and waitresses that have a Bachelor’s degree. It’s certainly…

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What is a 1031 Exchange

What is a 1031 exchange? If a landlord decides to sell a rental property at some point, they will need to pay taxes on that gain. Now, this might not be a big deal if the property was a terrible investment or the investor had some bad luck and doesn’t have any financial gain. But…

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Cook County RTLO- Who is Excluded

RTLO (Residential Tenant Landlord Ordinance) On January 28, 2021, the Cook County Commissioners passed the Residential Tenant Landlord Ordinance (RTLO) that covers all of Cook County. The ordinance does exclude Chicago which is governed under the Chicago Residential Landlord Tenant Ordinance(CRLTO). Oak Park, Evanston, and Mt Prospect are also excluded because they already have their…

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