property tax

Property Tax Exemptions in Illinois

What is an Exemption? Exemptions on property taxes lead to a reduction in property value assessment (EAV or Equalized Assessment Valution) and lower your property taxes. These are NOT a dollar for dollar reduction in property taxes. Some exemptions need to be filled for annually – as shown below. Homestead Exemption Do you live in […]

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freddie mac

Freddie Mac and Fannie Mae Loans When You Acquire More than 10 Properties

Freddie Mac and Fannie Mae only allow 10 properties…right? Right…and wrong. It depends on the loan value of the asset. For instance, if an investor purchases 10 properties (maximum of 40 units) that are considered residential (4 units or less), then that investor is capped and can not put any Freddie or Fannie properties in […]

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Net Worth : Comparing Real vs Fake Assets

Net Worth : What is it? Definition of net worth according to Wikipedia: Net worth is the value of all the non-financial and financial assets owned by an institutional unit or sector minus the value of all its outstanding liabilities. On the surface, this sounds pretty simple. Value from hard assets (real estate, life insurance […]

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