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The recession is largely responsible for keeping the rental business going strong. People that were once homeowners had no choice but to become renters due to losing their homes to foreclosure. What is great about rentals is that you can always find a tenant if you are priced correctly. If your property does not rent for $1,500, it might rent for $1,400. And if it doesn’t rent for $1,400, you can get $1,350.

Albert Einstein once said “It is the greatest mathematical discovery of all time!”
Most people would think that Albert Einstein is referring to his formula E=mc2, but he is not! He is actually referring to investing with the compound interest rule of 72.

Put simply, the rule of 72 is the time it takes to double your money with interest and it is a very simple equation. To find out how many years it takes to double your money, take 72 and divide it by the interest rate you are receiving. If you are receiving 1% interest from any investment, it will take 72 years to double your money! If you were to get 12% interest, it would only take 6 years (72 divided by 12).

Are you sufficiently prepared for your retirement?  The choices you make at the age of 20, 30, 40, or 50 can impact the course of your retirement. If there is one solid recommendation, it is to be consciously aware of the decisions you make today because they will affect the outcomes of tomorrow. If your […]

Adding a bathroom, making renovations to a current room or running new pipes or electrical wiring could all be parts of making home improvements for the typical Chicago resident. When that home improvement bug bites, the urge to grab up materials and get started right away can be difficult to resist – we all know […]

Recently, the increase in all-cash real estate purchases in Chicago have made news. However, now there is more data made available that can be used to further dissect the influx of cash real estate purchases in Chicago and the correlation between the locations of the buys. Data from DePaul’s Institute for Housing Studies just released […]

College towns have always been very popular for real estate investors because they have an extremely high ROI. In many cases, they can receive 4 different rent payments on a 2 bedroom apartment! This is a complicated lease but the rent received is worth the extra paperwork. Not only that, most landlords require the parents to cosign the lease in case the student spends their money on partying and not on the roof over their head.

It costs the bank a substantial amount of money to foreclose! Foreclosure is a lengthy process and the bank racks up legal fees every step of the process.

Marketing strategies involve separating your services from the competition and giving your customers the ideal real estate experience, which can include both the purchase and sale of a home. The better you can make this process will reflect in your profits and efficiency. However, this intricate real estate marketing process requires that you: Clearly identify […]

All cash offer purchases for homes occur more frequently than you might expect. The actual percentage of all cash offer occurrences in Chicago for 2013 is up to thirty four percent, which is a very large percentage of home purchases in Chicago. For the month of June, real estate purchases in Chicago that were paid […]

Section 8 renters will usually take care of the property because they do not want to lose their voucher. Section 8 vouchers can take several years to get and no one wants to loose free or extremely cheap rent! Another thing to keep in mind is that Section 8 does an annual inspection regardless if the tenant stays in the property which can be a hassle sometimes, but the positives greatly outweigh the few negatives!