Multifamily Investing

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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Stocks vs Real Estate- What’s The Best ROI

What Offers the Best Return on Investment? 145 Years of Real Estate vs. Stocks   Choosing the ideal investment has been a long-heated debate.  And there’s a strong argument to be made for investing in both real estate and stocks—a diversified portfolio is never a bad thing.Which earns the best return on investment: real estate vs. stocks? And…

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CDC Eviction Moratorium Ruled Unconstitutional

Eviction Moratorium A federal judge ruled that the Center for Disease Control’s (CDC’s) moratorium on evictions is unconstitutional. The judge, John Barker, declined to issue an injunction against the CDC’s rule, but said that he expects that the CDC will respect his decision and withdraw the moratorium. So far, the CDC has not issued a…

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Community Solar in illinois

Community Solar For Illinois We recently had an inquiry from a client asking if installing Solar Panels on his property was worth it. He was getting frustrated with the information he was receiving from contractors. During his research on solar for his primary residence, a two-unit with a flat roof and almost no shade, he…

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FHFA 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…

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3 reasons your furnace cycles on and off frequently.

Furnace cycling on and off frequently. This is a reprint from Petro Home services Have you ever thought “Why does my furnace keep shutting off?” You are not alone. This is a very common problem that if not diagnosed and corrected immediately could result in higher utility bills and major furnace repairs. Or even a…

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Mortgage 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…

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RTLO- Cook County Residential Tenant Landlord Ordinance Passed

RTLO unanimously OKed by Cook County Board We’ve been monitoring this along with other investors for a few weeks.  If you’re a landlord in the suburbs of Cook County then it’s important for you to become family with the new ordinance.  You’ll find a link to the ordinance below. Cook County RTLO Ordinance Here are…

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5 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…

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