So my original offer of 80% ltv was countered with an offer $1,500 lower than the original asking price, on top of asking for an increase to $5,000 earnest money up front payable immediately, this was Monday the 30th. Kinda a slap in the face if you ask me.
So I mulled it over and Tuesday [...]
Categories: Chicago, The Green House
Tagged: Real Estate, Real Estate Investing, the condo
Well They got back to us and its not what I was hoping for, but exactly as I expected.
The counter offer was a mere 1.5k less than the asking price, and to top it all off they want a full 5k in earnest money as apposed to the 1k which is traditional. So, a decision [...]
Categories: Chicago, The Green House
Tagged: Real Estate, Real Estate Investing, the condo
Well its been 3 days now since we made the offer and still no word. Friday, I placed an offer on a foreclosed condo up in Rogers Park, a Chicagoland Neighborhood just north of the city along the lake. Its a two bedroom, two bath condo conversion that foreclosed a little over a [...]
Categories: Chicago, The Green House
Tagged: Real Estate, Real Estate Investing
We finally made the offer Yay!
Categories: Chicago, The Green House
Tagged: Real Estate, Real Estate Investing, the condo
I drove around for about 3 hours today. I started in the Far west and much abused Humbodlt Park Area… Heading east I drove through the Up and coming Hip new Wicker Park and then North through Logan Square. Drove through the ghetto, drove past million dollar loft apartments, drove past boarded up churches, children [...]
Categories: Chicago, Life, The Green House
Tagged: Real Estate