Thinking of Flipping?
Home flipping is back! I am constantly getting calls from seasoned and novice investors looking for properties to flip. Inman has an article that quoted RealtyTrac stats which reported that in 2015, home flipping increased in 75% of the markets nationwide. Chicago is no exception with Continue reading
Hot Suburban Markets
Spring is coming and the suburban real estate market has sprung. A recent report from Midwest Real Estate Data compares the amount of listings and closings in eight Chicago suburbs with last years numbers. Continue reading
The Hottest Neighborhood In The Country Is…
Big new just in for Chicago! Aside from being an amazing city with awesome restaurants, cafe’s, sports teams (sometimes), landmarks, and a rich history, a bold prediction was just made about a hot neighborhood in the city. Continue reading
Capitalization Rate
Also known as “cap-rate”, this is the relationship of a properties net operating income (NOI) and value. The cap-rate does not take into account any debt service, rather it represents the rate of return if the property is purchased with all cash. The cap-rate should be compared with the rates of similar properties in the same neighborhood to make an informed decision. Continue reading
