How to Have Someone Else Pay Your Mortgage

Key to New Home

A new generation of homebuyers is looking at multi-flat buildings as a way to snag their city dream home, Chicago Grid reported.  For young Chicagoans, the idea of renting in a two-flat may be more familiar than the prospect of buying one. But as the housing market bounces back, a wave of first-time homebuyers are scrambling to snap up homes with two to four units.

The allure is clear: more house for your money. Financial modeling from Access Chicago Realty shows that rental income in a three-flat could reduce the typical homebuyer’s out-of-pocket payments by around 60 percent.

Continue Reading…

 

Recommended by the Editors: 

Is your home protected? Contact a Chicago-area Allstate Agent to discuss homeowners insurance policies.

Join the Conversation

 

Tools & Resources

 
Tools & Resources

Contact Us

 
Contact Us