Multifamily Investing
How Multifamily Borrowers are Adjusting to Rising Interest Rates
Some buyers are trying to renegotiate prices, but a net result of recent moves could be a tightening in the spread between multifamily cap rates and yields on 10-year Treasuries. Bendix Anderson | Jul 14, 2022 With the recent rate hikes from the Federal Reserve, borrowing costs for multifamily assets are rising as well. This is disrupting sales…
Read MoreReduce Your Tax Bill
5 Simple Ways to Reduce Your Tax Bill Like a Real Estate Pro “Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” – Gregory…
Read MoreInflation Rate at 40 Year High
The U.S. Bureau of Labor Statistics, who tracks the inflation Rate is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.6% in January, 2022. However, the all items index was up 7.5% for the 12 months ending in January. Inflation Rate Buckle up… Click here to read the full release at the Bureau…
Read MoreProperty Management, When Is it Time to Oursource
Adding properties to your investment portfolio diversifies your risk and can certainly lead to more passive income, but with more properties comes more challenges (and more work). If you have the time and skills to manage multiple properties on your own, more power to you. But, if you’re getting to a point where you’re…
Read MoreHow Does New Credit Impact Your Score/FICO
We’re not credit experts but we have a referral partner National Care Credit (NCC) who are. This is the latest from NCC. The new credit section of your credit is broken down into basically two parts: Inquiries (where you have already received brilliant tips on) and new accounts. When obtaining a new account, regardless of…
Read MoreChicago rents, mortgages both on the rise and breaking records
by Liz Hughes January 26, 2022 Spurred by rising mortgage costs, December’s average monthly rent grew to $1,877, a 14.1% increase from the previous year and the largest annual jump since February 2019, according to a new Redfin report. Mortgage payments also saw double-digit percentage growth last month. Nationally, monthly mortgage payments grew 21.6% from the…
Read MoreEviction crisis unfolds as courts process backlog of filed cases
by Lindsey Wells December 21, 2021 Eviction filings are rising as millions of Americans are being forced from their homes months after lawmakers allowed the federally imposed eviction moratorium to expire. The federal eviction ban, along with other state and federal laws imposed during the height of the pandemic, was a lifeline for those…
Read MoreWhen a Chicago Building Permit IS NOT Required
We often get questions on how to do a renovation without a permit in the city of Chicago. Well here’s the official answer: A building permit is NOT required for the following types of minor work for any type of existing building* * Excludes proposed and designated Chicago Landmarks and buildings in proposed or designated Chicago Landmark districts. For more information, contact…
Read MoreFed sees three rate hikes next year
Fed sees three rate hikes next year Fed will aggressively dial back its bond buying, sees three rate hikes next year PUBLISHED WED, DEC 15 20212:01 PM EST UPDATED WED, DEC 15 20216:28 PM EST Jeff [email protected]@JEFFCOXCNBCCOM SHAREShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email KEY POINTS The Federal Reserve provided…
Read MoreZip codes with the fastest growing rent in Chicago
Story name: Zip codes with the fastest growing rent in Chicago Canonical URL: https://stacker.com/illinois/chicago/zip-codes-fastest-growing-rent-chicago Written by: Stacker Description: Stacker compiled a list of zip codes with the fastest growing rent in Chicago using data from Zillow. Zip codes with the fastest growing rent in Chicago Since the start of the 21st century and prior to…
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