LendingOne is a Illinois private money lender offering short-term mortgage loans to real estate investors in IL - AuroraChicagoJolietNapervillePeoriaRockford. Get a private money loan for a property purchase, refinance, equity cash out, rehab or new construction purchase.
LendingOne fix and flip loans can provide the cash you need to grow your real estate investment property portfolio:
Get ahead of the competition in the Chicago real estate market. Speak to a Fix and Flip expert today by calling 866-918-1974
Looking at foreclosure rates, number of Chicago, IL properties sold at auction, and the amount of homes currently bank-owned is a great strategy for investors interested in purchasing a fix and flip property that meets one of these three criteria. Examine the data for Chicago, IL and see what the current rates are for foreclosure, auction, and bank owned properties in the last few months before deciding on a fix and flip investment.
Fix and flip loans investors in Chicago, IL are encouraged to look at what the sales prices for homes are and whether there has been a trend of prices increasing or decreasing over the past several months. Prices in Chicago, IL are influenced greatly by the available inventory and whether or not demand is high or low. An influx in prices usually indicates that demand is rising, so Fix and flip loans investors in Chicago, IL can ask for higher sales prices from potential buyers.
Rents have been rising across Chicago, IL due to the demand in housing increasing. Investors who focus their business in buy and hold rental properties would be advised to analyze what rents have been averaging in Chicago, IL. Knowing how much rent an investor can ask for will give them a good idea of how much monthly cash-flow they can expect and whether that is enough to cover the home’s expenses and ultimately earn a profit.
Education: Chicago is home to one of the highest educated
workforces in the country, greatly due in part to the
surrounding top ranking schools in the Chicago, IL area.
Economy: Chicago’s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Chicago Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.