Image by Getty Images via @daylife Did you know that you can invest in real estate via your 401K? It's not something most financial planners will recommend, but it is an option. The question is whether you should include real estate in your financial planning. Let's look at the pros and cons of it. Everybody Needs a Place to Live Here's a pro to making real estate a part of your financial portfolio. Everyone needs a place to live, so if you look at investing in property that meets the needs of the time, it's a good investment. In today's economy, apartments, RV parks, and low … [Read more...]
Chicago Real Estate Taxes You Should Know About
Chicago, like most metropolitan areas, has its share of real estate taxes. For the most part, they go toward financing the usual things that all property taxes go toward. For police and fire protection, as well as for local social programs and schools, if you own property you are bound to end up paying for it, mortgage or not. For starters, there is the small matter of the real estate transfer tax. While Chicago property management companies rarely get involved in this due to their marginal involvement with purchases and sales of the real estate itself, it is still valuable to understand … [Read more...]