The Buying Process
December 2, 2023
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Overview Illinois’ escrow process is similar to other attorney review states in that a real estate attorney is used to consummate the transaction and prepare all the closing documents.
Building Terms
December 2, 2023
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Flat – this is a Chicago specific term used to define units in a building. Example: 2 Flat, 3 Flat, 4 Flat – It may or
Financial Terms
December 2, 2023
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Vacancy – loss of income when a tenant is not living there Repairs – income spent on fixing items for tenants Cap Ex – Also known as capital