Multifamily Investing
How 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…
Read MoreThe Top Seven Traits Of A Successful Real Estate Investor
This is a repeat of an article we love from Forbes David Green: Real estate is said to have made more millionaires than anything else. For those who have successfully made money in it, it’s not hard to see why. With so many different ways to grow wealth investing in real estate, there are…
Read MoreBiden’s Proposed Tax Changes: What Investors Should Know
Biden’s Proposed Tax Changes: What Investors Should Know This is a repeat of an article from Amanda Han – A CPA specializing in Tax Strategies Many of you have been anxiously awaiting this information for several months, and it is finally here. We now have more insight into what the proposed tax policies and…
Read MoreBlack Knight Says 1.45 Million Mortgages Remain Seriously Past Due
The national delinquency rate saw a 5% reduction in July and at 4.14% is now down by nearly half since May of last year Delinquencies have now improved in 12 of the last 14 months, with the two monthly increases being calendar-related as opposed to being indicative of worsening performance While overall delinquency volumes continue…
Read MoreShould You Diversify Your Portfolio With Housing Stocks?
This is a reprint of a Bigger Pocket Post from Matt Mayre Finding a good deal in the current real estate market can be pretty difficult. Prices are maxed out in most markets and sellers are getting bombarded by offers, many of which are above asking. The science of investing tells us that buying near…
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