All Forum Posts by: Dorothy Wulf

Are you financing the deal? It will also depends on how much you are putting down and your PITI.

I'm a Realtor so I view all this information on the MLS.. prospective buyers have access to the info but I can explain to buyers the breakdown of the assessment.

I have a great referral for you. I will send you a PM

yeah. I have heard of a lot of challenges with zoning up. Where is your property located?

@Jeff Burdick Did you have any issues with the building department and zoning dept for permits?

@Maria Bocanegra If you are going to be holding a note on the property with a traditional lender they do not like to see properties in held in an LLC or an SCorp. You may want to put the property in a Trust and make sure you get a good insurance policy on the property. If you are going to eventually do fix and flips one at a time I would do an scorp. If you are going to do multiple fix and flips at one time I would recommend a Series LLC or a Trust that holds each individual LLC's. Feel free to PM for private money lenders and hard money lenders.

Hi Tiffany

I used to work in Deerfield and now live in Chicago and have been a Realtor in Chicago for 10 years. Nice to hear you wanting to buy something in Chicago as this is a great market. I can help you set up a search and for SFR financing try A10 Capital.

Take care,

Dorothy

Hi Maria!

Welcome to BP!

Look like you have accomplished a lot already. Glad I didn't buy a timeshare. As for your next property what are you looking to purchase? I am a Realtor in Chicago and can keep my eyes open for a good deal for you.

Hi Anthony, 

I have a lender referral for you that will do the FHA 3.5% down which I recommend doing that since you will be living there. There is not much of a difference in your down payment amount between 3.5% and 5% down. Both will have PMI regardless. If your goal is to get the property that you love then I would go FHA. You can always refinance in the future. Also, you can roll a majority of your closing costs into your loan.

The rents you are going to charge?