Real Estate Investor
Cook County Treasurer Launches Online Tool To Show How Property Taxes Are Allocated
Cook County Property Tax Cook County Treasurer Maria Pappas launched a new online tool that calculates year-to-year changes for each property tax bill and shows where tax dollars go. The new feature, called “Where Your Money Goes,” is an online, educational display that provides a clear view of how much taxes owed on a property…
Read MoreFannie Mae Rolls Out 5% Down Payment Program for Multifamily Properties
Fannie Mae 5% Down-Payment Program Fannie Mae has lowered its down payment requirement for owner-occupied multifamily property loans, effective Nov. 18. The move has been hailed as a breakthrough for real estate investors—and prospective homeowners—as it makes it significantly easier to buy an investment property with less cash. The decision comes at just the right time, given…
Read MoreLodging, Energy Costs Push Inflation Higher
Lodging, Energy Costs Push Inflation Higher September’s Consumer Price Index (CPI) showed that inflation rose 0.4%, with this monthly reading coming in just above estimates. On an annual basis, CPI held steady at 3.7% last month, though this is still near the lowest level in more than two years. Core CPI, which strips out volatile…
Read MoreSave Money on Title Insurance
Title Insurance We’re produce to annouce 2 new Partners to our Referal Network. Adler & Herback will save you money on title insurance. House Mortgage can be used for traditional loans & has resouces for investor loans. Adler & Herbach is a premier real estate law firm in the Chicagoland area, specializing in residential closings.…
Read MoreHow a Fire in Chicago Created Title Insurance and Changed Real Estate Forever
As the old saying goes, necessity is the mother of invention. And old it is. Perhaps the earliest expression of this sentiment came some 2,400 years ago from Aesop’s fable The Crow and the Pitcher. From the invention of the wheel to facilitate travel or the steam engine to facilitate travel even better, there are many such examples…
Read MoreUS Home Price Insights – September 2023
Through July 2023 With Forecasts Through July 2024 Home prices nationwide, including distressed sales, increased year over year by 2.5% in July 2023 compared with July 2022. On a month-over-month basis, home prices increased by 0.4% in July 2023 compared with June 2023 (revisions with public records data are standard, and to ensure accuracy, CoreLogic…
Read MoreFHA 203K
One of the loan products we like is the FHA 203K. Why do we like it? There are many homes in the market that are either outdated or sold AS-IS. AS-IS means the seller will not make any repairs. With an FHA 203K loan, a buyer has the ability to purchase & update or renovate…
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