1. Why should I move from just stocks to having investment property?
A) You can buy property with anywhere from 0% to 30% down-whereas with other investments you typically must invest the full purchase price.
B) Investment properties tend to offer good CASH FLOW only if you put a lot down. What drives most investors instead are the TAX SHELTER (including depreciation, a tax benefit other owners don't get) and APPRECIATION (which is often the biggest benefit).
C) Once you own two properties where you have 10% or more equity in each, leveraging can become the name of the game. Two properties can become three and then four-all while minimizing the cash needed for each purchase (see #4 below).
Visit our website to read more about Chicago multi-family homes with two or more flats.
We think you will also love the interactive "Galley" of connectMLS (as shown below) where you can sort listings and mark levels of interest. For any you want to see in detail, all you have to do is click and the full listing sheet will open up!
Visit our website to read more about Chicago multi-family homes with two or more flats.
|
On the Chicagoland2to4Flats.info SALES DATA page, we have now posted the 2007 Private Client Reports.
•· We are very proud of these reports, as they come from our own private database, which has the details of every sale of the Multiple Listing Service of Northern Illinois (MLSNI) from 2002 on. As such, they offer detailed information that you can't find anywhere else. •· However, this year we are saddened because we believe these reports, if you research them carefully, document more than any other source we could cite the impact of the mortgage-market melt-down on the 2- to 4-flat market in 2007. Bottom Line: 2006 was the year the housing bubble burst, but in our last report (for 2006) only 1 of the 20 neighborhoods we report on had shown any kind of price drop. However, this past year was different!! Due to the mortgage melt-down, in 2007 the number of units sold dropped typically by 40-50%--and the median price fell in 18 of the 20 areas-typically in the 2% to 9% range.
Now, to be fair, the credit crunch caused the number of 3-4 flat sales (which are higher in price) to fall more than 2-flats-and that tilt made for part of the price drop. However, even if we say prices didn't precipitously fall, the fact remains that the number of transactions fell almost in half.
How to get these reports? On Chicagoland2to4Flats.info click on the SALES DATA/MAPS page, and then click on the "60% even more detailed" tab" where you can register (the reports are free, but only to registered clients).
Visit our website to read more about Chicago multi-family homes with two or more flats. |
Creator of Chicagoland2to4Flats.info, Chicago's first comprehensive website for the multi-unit market, and specializing as a BUYER'S AGENT to help client's make the right investment decision.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
