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How to Navigate Chicago's Real Estate Market and Secure Grants for Investing
Posted
November 17, 2023
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November 17, 2023
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25:35Now PlayingIn this episode of Market Mondays Live Chicago, the hosts sit down with guest Rashauna Scott, a local realtor and investor, to discuss investment tips and programs for first-time home buyers in Chicago. They cover topics such as house hacking, grants, best practices for being a landlord, and hot areas to invest in.
- House hacking: Learn about the strategy of buying a property and renting out other areas to cover your mortgage and live for free.
- Grants and programs: Discover programs like NACA, FHA, and IDA that offer low or no down payment assistance for buying a home or multi-unit property.
- Best practices for landlords: Get advice on screening tenants, hiring a property management company, and utilizing subsidy programs to ensure a smooth rental experience.
- Hot areas to invest in: Explore upcoming developments like the Obama Library and Woodline, as well as neighborhoods such as Lawndale and Austin that have seen significant growth in property values.
- The importance of ownership: Understand the long-term benefits of owning property and how to leverage your first purchase to build wealth through future investments.
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