And the listing shows a tax bill based on a relief program tied to the prior owner.

I offer what the property is worth to me, because I am the one making the offer.

If you’re looking to grow your portfolio, we offer aggressive Fix & Flip loan programs to help fund acquisitions and renovations, as well as DSCR cash-out loans once the rehab is complete to help maximize your returns.Feel free to DM me and I’d be happy to walk you through the options and see how we can support your deals.

Hey Chicago investors -I have a specific question regarding the Cook County AHSAP (Affordable Housing Special Assessment Program).I am under contract on a building in Phoenix, IL, that just received its formal AHSAP approval letter (25% AV reduction) from the Assessor.

On a $200,000 purchase, 20 percent down is $40,000, so $20,000 usually means you are either targeting a lower price point, using a low down program, or a different loan type.Second, do not spend every dollar at closingFor a first rental, especially out of state, I would try to keep 3 to 6 months of full housing expenses in reserves after closing, meaning mortgage, taxes, insurance, and an allowance for repairs.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy + tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

Even with all that growth, Columbus still offers entry points where properties in the $120k–180k range can hit the 1% rule and produce positive cash flow, which is huge when your goal is passive income for retirement.

(Investor means huge firms like Apollo, Goldman, Blue Owl who buy the individual loans, package them up and sell them as bonds) The dozens of programs all have very slight but very important differences that effect pricing.

When I make an offer as a non-agent, there is a way that I train people to make offers that seems to make a difference.

I simply took over the loan of the sellers at 4.5% interest instead of the 6.9% the bank was "offering".