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All Forum Posts by: Michael Barbari

Michael Barbari has started 22 posts and replied 358 times.

Post: Refi Cash Out or Heloc?

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

I currently have a 15yr fixed at 3.875. I either want to cash out and refi to a 20 year so the payment stays the same or get a heloc. What are some pros and cons of each? Thanks.

Post: Do You Escrow Taxes and Insurance on Small Mulitfamily?

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

Escrowing is better budgeting for me personally. Everyone has their own pref.

Post: Do You have to be "in love" with an Investment Property?

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Tammy Braz 

Cashflow is all that matters. Everything else doesn't as long as the property is in good shape and is not going to be a money pit.

Post: FIRST MIDWEST BANK SIGNATURE LOANS UP TO 25K

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

Reminder

Post: New from Chicago suburbs

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Tony L. 

Welcome to BP. Let me know if I can help in any way. My office is in Palos Heights.

Post: How do you find your deals?

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Maciej Michalak  I would be glad to assist you. I live in Oak Brook not too far from you and I work at the Coldwell Banker out of Hinsdale.

Post: Chicagoland General Contractor

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

Hi @Roger Van Maer  Call Greg at 773-677-1771. He built my parents house and remodeled my brothers house. Great work and very professional.

Post: Hello from the Chicago Suburbs

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Dave Gibson 

Welcome to the site. Let me know if there is anything I can do to help. Remember when replying to a post put an @ then the persons name you are referring to. You will then see the name pop up on the bottom of this text box. Click the name so the person knows you replied. Keep in touch and good luck!!

Post: obtaining your real estate licenses

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

@Jack Mejia 

I absolutely would. You would only have to pass the state specific portion. 40 questions.

Post: FIRST MIDWEST BANK SIGNATURE LOANS UP TO 25K

Michael Barbari
Posted
  • Banker
  • Downers Grove, IL
  • Posts 396
  • Votes 107

The bank has decided to continue this program in 2015. Please let me know if I can help. Thanks.

Mike