Personal Finance

The Illinois Disabled Veteran Real Estate Tax Exemption – A Great But Flawed Benefit

By Douglas Katz – 04/26/23 As an Army veteran and a experienced loan officer, I try and keep up to date on the benefits for my veteran and active duty clients.  In my home state of Illinois, the big one is the Disabled Veteran Real Estate Tax Exemption, which can benefit veterans with reduction or […]

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Tenant Landlord Litigation Costs: What You Need to Know

By A.I. Adrinfo, Edited by Doug Katz – 04/28/23 Tenant landlord litigation can be a costly and time-consuming process. If you’re a landlord or a tenant, it’s essential to understand the potential costs involved in a legal dispute.  It’s difficult to provide an exact percentage of landlord-tenant disputes that are won by landlords since the outcome

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Knowing When to Cut Bait in Real Estate Investing

By A. I. Lendberg, Edited by Douglas Katz – 03/21/23 Real estate investing is a challenging and complex industry, and many inexperienced or unprepared investors may struggle to achieve success.  According to a study by Forbes in 2019, it was found that nearly 80% of real estate investors fail within the first five years. This

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Pro Se Shouldn’t Mean Go It Alone When It Comes to Real Estate in a Divorce

By A.I. Adrinfo, Edited by Doug Katz – 03/20/23 Divorce can be a complex and challenging process, especially when it comes to dividing property and assets. If you are going through a divorce and plan to represent yourself (pro se) instead of hiring an attorney, it’s important to understand the financial implications of your decisions.

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Is the BRRRR Strategy Entering an Ice Age?

By A.I. Lendberg, Edited by Douglas Katz – 03/06/23 The BRRRR real estate investment strategy has become increasingly popular among real estate investors in recent years. BRRRR is an acronym that stands for Buy, Rehab, Rent, Refinance, and Repeat. This strategy involves purchasing a distressed property, rehabilitating it, renting it out, refinancing the property to

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Investment Property Vesting – The Key to Asset Protection and Maximum Return

By Douglas Katz – 03/01/2023 Real estate investors are always looking for ways to protect their assets, minimize risks and maximize their financial benefit. One popular strategy is vesting investment properties in a business entity. In this article, we will discuss the benefits of this strategy and why real estate investors should consider it. Liability

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Key Considerations for Investment Properties and Divorce

By Douglas Katz – 02/13/23 So you are in the midst of a divorce and you own one or more rental properties in addition to your primary home.  To most people a house is a house is a house and the disposition of the additional real estate is the same as the primary home, but

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Yay or Nay – Evaluating Your Next Rental Property

By Douglas Katz – 02/07/23 While reality shows about real estate investing make the process look quick, easy and light on the math, the truth and reality is very different.  Successful investors use one or more financial models to determine whether new projects make sense and what to adjust in their existing portfolio to optimize

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Mortgage Market Update – Average Mortgage Rates Above 7% With An End Of Week Improvement

By Douglas Katz – 11/10/2022 From Freddie Mac: As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve. Home sales have declined significantly and, as we approach

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Mortgage Market Update – 7 is Far From Lucky as Rates Hit New Highs

By Douglas Katz – 10/27/2022 From Freddie Mac: The 30-year fixed-rate mortgage broke seven percent for the first time since April 2002, leading to greater stagnation in the housing market. As inflation endures, consumers are seeing higher costs at every turn, causing further declines in consumer confidence this month. In fact, many potential homebuyers are

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