Looking for a real estate investment that works for you? What could be more classic than a Chicago greystone or brick 2-4 unit? Or a frame that could as easily pass as a single family as it could be rental apts? Whatever the neighborhood – Logan Square, Bucktown/Wicker Park, Bridgeport, Lincoln Square, Humboldt Square, Hyde Park, Chatham, etc – Chicago abounds with these wonderful, and profitable, multi-units.
As your real estate broker, I can help you put your investment $$ to work, and coach you on the ins & outs of buying properties in today’s stressed and complicated market.
It’s not just about finding the right property. It’s about presenting an offer that will win the attention of the seller (and typically now, the approval of the bank/lender – no small hurdle). And getting through the process to a clear to close, which nowadays is no small feat.
Lender and government bureacracy have made real estate sales a labyrinth of paper-pushing, with layers of rules and regulations and requirements. If you’re going to do it right, you need a savvy team on your side – An experienced real estate agent. A sharp, no-nonsense attorney. And, if using a loan, a proactive mortgage broker.
I’ll be with you every step of the way, with both the experience, and a winning team of professionals ready to be on your side.
How are you financing your deal? Be aware that FHA & VA loans require their own inspection. Any problems found will require correction. In better times, sellers would accommodate at, or before, the closing. But financially distressed sellers don’t have that ability. Their funds are already tapped, and their lenders are selling at a loss. So be prepared to have the repair funds and be able to prove as much to your lender, if you intend to use these loan vehicles.
Cash is king, but again, you’ll need to be able to pay for repairs and rehabbing if you’re buying distressed properties. Even higher end properties, while at bargain prices, bear the same caveat. Distressed sellers are in all brackets of the economy.
And did I mention patience? Hearing back from a lender may take weeks. And getting to the closing table – months.
There are deals to be had, and dreams to be made into reality, but investing in real estate isn’t just about dollars and cents. It’s about dollars and common sense. Be wise. Be wary. Buy smart.
On that note, when it comes to real estate, I’m an apostle of reality. I can help you find, and negotiate, deals.
And ask me to set you up with a property search. Whether you’re looking for mid-range, high end, or bargain basement properties, I have the experience and the resources to get you the deals you’re looking for. Contact me on the right for more information!
