Need to get in touch with Lee?
Whether you’re looking for legal advice, need to schedule a closing, or just want to have a conversation, please click the link below to set up an appointment.
All tagged Real Estate Investing
As of late, investors began numerous real estate initiatives throughout the Chicago South Side, including an influx of investments and developments.
As mortgage rates rise across the United States, prospective first-time home buyers face continual challenges to their pursuit of homeownership. After hovering near record-low rates throughout the earlier portion of the coronavirus pandemic, mortgage rates now returned to early 2020 levels.
One of the biggest stories in 2021 real estate occurred when Zillow surprisingly closed its homebuying program last year. Prior to this, Zillow established itself as one of many large property investors across the United States.
The pandemic has affected the housing market in a variety of ways, one that could spell trouble for anyone looking to own a home in the future is that of institutional investors who are scooping up single-family homes at a record pace. But the government is looking to provide new policies to help families get a leg up.
Learn more about the most common ways that you can invest in real estate, actively or passively, in order to bring on an additional form of income.
The primary difference between a commercial real estate transaction and a residential one concerns the entities involved. A residential transaction typically involves a transaction between two individuals, but because commercial properties are typically larger and used by business entities, they tend to be seen more as an investment rather than a purchase.
In recent years, numerous Chicago condominium developments have undergone “deconversions” to transform them into apartment buildings. As a matter of fact, between 2016 and 2018, there were 20 total deconversions made in the City of Chicago. This possibly stems from the upward trending apartment rental market in conjunction with Chicago’s slowing home buying market, along with the devaluation of many units in condominium projects.
Last month, a new Chicago ordinance went into effect in an attempt to slow the spree of recent condo-to-rental deconversions.
Through the years, real estate has become heavily intertwined with the American Dream. It starts with purchasing one building, then another, then another. Before you know it, you have an empire.
But sometimes that aspirational Dream quickly fades into a nightmarish hellscape for tenants, state officials, and alas, even the property owners.
Enter The Better Housing Foundation.
