Tag Archives: Owner-Occupant

Luxury Income Property

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Let me start by saying that luxury income properties generally do not make sense for non-owner occupants looking for a cash flow investment.  Market pricing for lavish, well-located assets often do not provide enough income potential to cover debt service and other housing expenses – though there may be an opportunity to produce a positive return on investment at disposition after a long-term hold period. That said, for owner occupants looking to buy into a premier location with great schools …
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Benefits of Investing in a Breakeven Cashflow Building

In today’s market, many of the core areas of Chicago don’t offer a large amount of potential cashflow for 2-4 unit buildings.  Some buildings are still attractive investments despite the lack of annual cash flow.  An investor or owner/occupant buyer can benefit by purchasing a core asset with strong tenant demand.  Buyers should seek buildings where rental demand is high, rent growth is steady, and locations are near amenities and public transportation.  Here are a few additional benefits of a …
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Things to Consider When Purchasing a Two-Flat

In this post, I want to share with you the most important things to look for when buying your first Two-Flat. Whether you’re a first-time homebuyer, or you have owned condos or single family homes in the past, it’s important to know these key factors that will affect the value of your two-flat.  Since I’m a numbers guy, let’s start there! THE NUMBERS: In my opinion, cash flow is the most important financial measure of the building you intend to …
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Reasons to Buy a Two Flat

Two flats are residential buildings with two dwelling units both used for the purpose of a home for the occupants. These buildings are very common in Chicago and are purchased for many reasons. As someone who has lived in, owned, managed and sold two flats for more than five years, I have a good handle on what makes them special and desirable. If you are like me, and you like stretching your dollars, then two flats may be a great …
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Top 6 Reasons to Owner-Occupy your Property

I am a firm believer in the power of real estate to increase your wealth and provide supplemental income. There are so many reasons why it’s a great investment and I love sharing my experience and knowledge with others. Anyone can do this and everyone should. There are some very compelling reasons why you should consider occupying your investment property. Of the many reasons, I have boiled it down for you into the Top 6 Reasons to Occupy Your Investment …
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