All Forum Posts by: Levi Jones

A 2-4 unit multi family preferably. As far as price ideally below 60k. Rehab needed is fine. The few properties I've seen and wanted so far have ranged between 29k-85k. Even as low as 15k with low to moderate work needed. My problem is banks won't go that low and I want to buy and hold so a hard money loan has been hard to come by with a term long enough.

My current property is right off of 68th st and Indiana ave around the park manor area.

First post on BP, I'm looking for  a push in the right direction in terms of how to get a small mortgage for primary residence(or investment) in Chicago(where property can be really cheap). I currently own a two flat which I have a mortgage for. I've read that I could obtain a second fha loan but I was wondering are there any no money  down or collateral only loans I could get to help with the acquisition of a cheap property? There's a lot of good deals and I'm trying to grab one before it slips out my hands.