How to Navigate Chicago's Real Estate Market and Secure Grants for Investing

In 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.
00:00 Intro
03:24 House hacking is popular for making money.
05:30 NACA offers lower interest rates for property purchases, but not for those with time constraints.
08:06 Utilize VA loan for property purchase, benefits.
11:13 MMRP: Micro Market Recovery program in Chicago.
15:57 Airbnb, short term rentals, attorney, eviction, rental assistance.
16:58 Consider hiring property management company if inexperienced. Market rate tenants may require subsidies.
22:17 Commercial property offers advantages to out-of-state investors. In Chicago, off-market deals still exist. Ownership is important, even if not mortgage-free.
24:35 Profit from buying real estate with assistance programs.

[@richhands5269]

My favorite Finance channels: Earn Your Leisure, Stock Brotha, & Wallstreet Trapper. Make my week complete! 🔥 🔥 🔥

[@rouztv773]

As a broker, I’m so excited to hear her mention the OTHER subsidy programs outside of CHA. I’ve had to deal with so many miseducated or uneducated landlords/property owners on my clients subsidy with CCH (FHP). I want more of this interview lol.

[@melissadanielle6325]

I bought my property in Englewood 3 years ago because the rent in Woodlawn was skyrocketing… they hadn’t even broke ground on the Obama Library at the time. Invest in these areas if possible

[@ERLopez24]

This is full of 💎s

[@IanDunlap]

🔥🔥🔥🔥🔥🔥

[@NovestTheGreat]

Where are all the black men who do real estate in Chicago who are from Chicago

[@user-im7qe6ve4t]

I began investing at the age of 34, primarily utilizing my hard work and dedication. Now at the age of 42, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.

[@Brigh578]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields

[@user-im7qe6ve4t]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi

[@ericmax978]

that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s your financial advisor or coach, do you mind hooking me up?

[@user-mc4hy7cj1i]

I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?

[@SophiaMichael-ww4qd]

Honestly, How can I be part of this project I earnestly hope to build a strong financial future I'm interested to take part, who's the person behind your success?

[@gloriamitchell3518]

👍🏽👍🏽

[@chriswalter92]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly..

[@tahirisaid2693]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor??

[@bernardwright891]

wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio..

[@chriswalter92]

Finding financial advisors like *JENNY PAMOGAS CANAYA* who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them..

[@bernardwright891]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.._

[@02nupe]

#BlackOwnership #GenerationalWealth #RealEstate

[@jusjewels7230]

MMRP has been closed since April 🥴

[@KetanKulkarni-mr5ig]

It's no longer a story that the world is experiencing a global economic downturn, l'm so happy that l've been receiving $50,000 from my $15,000 investment every 28 days

[@USHABHASKARAN-qm8il]

Wow actually thought I was the only one trading with Mrs Emily Edens!. she currently manages all mv funds too and she also provides webinars on how to trade perfectly without losses, I don't have much to say about her but I'I advice newbies to place their trades under her services

[@NitinEknathBhong]

Miss Emily Edens is the best expert trader I have seen on a certified broker, I've invested with her for years. Profits are secured and over a 100 percent return on investment. Evervone she processes his or her trade is so lucky, all you have to do is believe in her and follow her guidance. Then sip your drink and relax

[@MistressSamantha]

Oh please, how can someone get to speak with her, I'm new at this, how can she be contacted!!?.

[@NitinEknathBhong]

She’s on telegram

[@NitinEknathBhong]

@Emily6100 That’s it’s 💯