Investment property loans Chicago, IL

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LendingOne – Best Investment property loans near Chicago

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.

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Investment property loans near Chicago, IL

Types of Buy and Hold Investment Properties Chicago, IL

  1. A buy and hold investment property is a property that you purchase with the intent to hold (in other words, not “flip”) and use yourself. For example, you could invest in a loft in an urban area that’s undergoing gentrification.
  2. A rental buy and hold investment property is a piece of real estate you buy in order to rent it out for the long term. It can be a single or multi-family residential property; but it can also be a commercial property with one or more rental units, such as a strip mall or an office park.

Evaluating Chicago's Property Value and Potential as a Fix-n-Flip

Probably the most crucial question for any real estate investor is how to evaluate a property’s fix-n-flip potential. This is where the rubber meets the road and what separates those who make money from those who don’t in Chicago, IL.

There are a few key points to consider before you put ink on any real estate deal. Those points include knowing how to spot true comps, seeing where you’ll add value, and building a good sense of what makes a property attractive to a buyer.

  • Know the Worst Case
  • Learn to Spot a Real Comp
  • Compare the Property’s Price to Chicago's Median
  • Ask if You Can Add a Lot of Value

Chicago Hard Money Real Estate Market

Foreclosure Rates for Chicago, IL

Investors who want to find deals from foreclosure properties can consider these statistics to understand the Chicago real estate market for pre-foreclosures, auctions, and bank-owned properties.

Get 5 Steps Closer To Growing Your Fix and Flip Business near Chicago

  • Advice on searching for a property to fix and flip
  • Ways to get organized before beginning
  • What to expect during the project
  • Recommendations for when you’re ready to sell
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Fix and flip tips free eBook

Sales Prices for Chicago

Real estate sales in Chicago still support an active fix/flip market. You want to closely monitor your average days on the market because when you are flipping properties, this is the best indicator of how long it will take you to sell once the property is completed.

Rental Prices for Chicago

In every market around the country where we lend, rental yields will differ. In areas where average prices are higher rental yields will almost always be lower than markets with a lower average sale price. To determine your rental investment property yield you can take the average rental rate in the chart above and divide it by the average sale price.

Driving Factors for the Chicago Real Estate Market

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.