CATEGORY: Uncategorized

Best Indoor Plants For Your Home

If your typical MO for greening up the look of your home is to buy whatever plant is featured on the supermarket checkout line, you may find that you’re not having much luck keeping them alive. Plants are as varied as people and need different levels of light, moisture and overall care if they are to thrive and contribute to both your home’s ambiance and air quality. Many types of foliage are able to survive less-than-perfect conditions as well as your lack of a green thumb. If you’re ready to cast off the nickname of plant killer, considering opting for these five varieties of sturdy, love-you-no-matter-what green souls.

Peace Lily (Spathiphyllum)
PeaceLilyEarmarked by a gracefully spiraling, white flower, the peace lily is able to thrive in sunlight ranging from indirect to non-existent and only requires once-a-week watering. Peace lilies make wonderful house-warming gifts and are also perfect in homes that have recently been painted, undergone renovation work or been graced by new furniture or draperies that off gas chemicals, as they readily absorb formaldehyde, benzene, toluene and a host of other airborne toxins. Keep these hard-working blossoms out of direct sunlight and you’ll be rewarded with beautiful blooms upon their maturation. As lovely as these easy-to-care for plants are, they are not appropriate for homes with pets as they can be toxic to cats and dogs.

Snake Plant (Sansevieria Trifasciata)
SnakePlantSeeming to thrive on neglect, snake plants still reward their owners with sword-shaped leaves that can grow up to four feet tall, making it a particularly attractive floor plant for homes without pets, as they also carry a toxin risk. A variety of succulent snake plants require very little watering and low to bright light.

Fiddle Leaf Fig (Ficus Lyrata)
FiddleLeafFigSporting dark green, leather-textured leaves, the fiddle leaf fig thrives in moderate to bright light and can grow to tree size with very little extra attention. This plant requires low to moderate amounts of watering, making it a vacationer’s dream. Keep it away from the radiator as well as from pets and you’re good to go.

Spider Plant (Chlorophytum Comosum)
SpiderPlant
A pet-friendly beauty even the worst plant parents won’t be able to kill, spider plants are comfortable in temperatures ranging from hot to cold and do well under all lighting conditions except for direct sunlight. Spider plants require good quality soil and like to fit snugly in their pots. They are known for their delicate, white baby flowers and cascading striped leaves, making them perfect to use as hanging-basket window décor. Only water when the plant is dried out completely and then saturate the soil.

Neanthe Bella Palm (Chamaedorea Elegans)

NeantheBellaPalmAnother pet-friendly favorite, these miniature palm trees require indirect to moderate sunlight and moist soil to keep growing up to three or four feet in height. If you’re feeling ambitious, add fertilizer twice a year for even better results.
From CBS Chicago

Brexit: Como afectara el Real Estate? ***En Espanol***

Brexit:

1) Que pasara con el Real Estate en Chicago?
2) Que pasara con el Real Estate en Miami? NY, LA o Boston?
3) Tasas de Interes, bajaran o subiran?
4) Va a bajar el comercio con Europa mainland?
5) Va frustar oportunidades a jovenes?
6) Disminuira la burocracia, el planeamiento central y las excesivas regulaciones?
7) Los pueblos tienen derecho a determiner su destino.
Cual es su opinion? Me encantaria conocerla! Comente abajo por favor.

4 Powerful Ways Real Estate Can Make You a Millionaire

Article written by Brandon Turner
Published in Entrepreneur magazine on 01/27/2016

The Chicago skyline illustrated at sunset

The Chicago skyline illustrated at sunset

Sometimes a team can accomplish far more than a group of lone individuals. For example, cyclists in the Tour de France take turns riding at the front of their group, decreasing the wind for those behind them. Wolves hunt in packs to take down animals 20 times their size. And for those of us who were children of the ’90s, we all remember Ducks Fly Together.

This brings up another team that can accomplish amazing things — not a team of people, but a team of benefits which, when combined, can help you achieve your greatest financial goals. Specifically, I want to talk about real estate.

I’m a real estate investor, and I firmly believe that real estate is the best traditional investment on Planet Earth today. However, just because you buy a piece of real estate doesn’t mean you’re going to make money.

As I explain in The Book on Rental Property Investing, big wealth is built through real estate investing by capitalizing on something I call “the four wealth generators of real estate.” Alone, each of these benefits can help you make more money, but together they’ll make you rich.

1. Cash flow
Cash flow is the extra profit left over after all of the expenses have been paid on a property. For example, if my rental property produced $2,000 in income and my expenses came to $1,700, my cash flow would be $300 that month.

Now, I know a lot of you are saying, “Three hundred dollars is not going to make me a millionaire.”

Probably not. But remember, we are just talking about one of the wealth generators. There are still three more to go!

Additionally, that $300 might be from just one property. If I owned ten similar units with the same cash flow, that’s $3,000 per month. If I owned 100 units, that’s $30,000 per month. This cash flow can go a long way toward helping you quit your job — or helping you save for a future big purchase, or retire wealthier.

2. Appreciation
When I talk about appreciation, I am not referring to how much I like you (though I do appreciate you!). I’m referring to the natural rise in value that real estate experiences. For example, if you purchased a property for $200,000 ten years ago, and today that property is worth $300,000, the appreciation made you $100,000 richer!

Of course, appreciation doesn’t cause values to increase every year (consider 2007!). However, historically, real estate prices have appreciated over the long term. So, again, appreciation alone is not likely going to make you a millionaire, which is why I don’t recommend that people purchase bad deals hoping that appreciation bails of them out.

However, appreciation is combined with the other “members” of the wealth generation team, powerful stuff can happen.

3. The loan pay-down
When you purchase a rental property with a mortgage, each month you make a payment to the lender. That payment includes two parts: principal and interest. Interest is the profit for the lender, but the principal is money you are paying down the loan with.

For example, if you purchased a house five years ago for $100,000 and obtained a $80,000 mortgage (we’ll say it was a 30-year mortgage with a 5 percent fixed rate), today you would owe only $74,000. Ten years from now, you would owe only $65,000. This means that every year your equity increased (equity is the difference between what a property is worth and what is owed on it), you’d gain value, as long as the property value didn’t drop.

Of course, if you paid all-cash for a property and didn’t obtain a loan, you would forfeit this wealth generator. This is something only you can decide.

4. Tax benefits
Finally, the fourth wealth generator in real estate is the tax benefits the U.S. government gives to investors. These benefits are numerous and realized in several distinct parts of the real estate process.

For example:

Unlike most businesses, the government doesn’t look at cash flow or appreciation as self-employment income; thus no self-employment tax is typically due.
The income tax that is due is often offset entirely by a deduction known as depreciation.
Additionally, when you sell rental properties, the profit is taxed at the long-term capital gains rate, if at all.
You can often defer any tax using a 1031 exchange offered by the government as a way to trade up into bigger or better properties.
The bottom line: If you make $100,000 per year from your job, your mom earns $100,000 per year from a business she owns and I earn $100,000 per year from real estate, who do you think keeps more? That’s right, I do.

Of course, I’m not a CPA, so you should definitely consult with one before making any financial or tax decisions.

Putting it all together: an example
As I mentioned, each of these wealth generators can be powerful in itself. However, putting the four together can make you exceedingly wealthy because of the synergy among them.

For example, you might purchase $1,000,000 worth of multifamily real estate with a $200,000 down payment. Let’s assume this property produced $30,000 per year in cash flow, but it also might be increasing in value at 5 percent per year. This means that after 10 years, it could be worth $1.6 million, and you would have earned another $300,000 in cash flow.

On top of that, after those 10 years, that initial property could be paid down so that you owe only $650,000, giving you $1 million in net worth on that one property alone.

And to top it all off, the tax benefits during that decade would help you keep far more of that profit than had you earned it any other way.

Real estate is not the only way to get rich today, but it certainly is a simple one to understand, thanks to the four wealth generators of real estate.

Now that’s a team I want to be a part of.

Taken from: http://www.entrepreneur.com/article/270023

My name is German Llanos, a Real Estate Expert. I this video I explain and discuss the reasons of the current “tight inventory” market situation.

There has not been much meaningful new construction during the 2008-2013 periods. The market was flooded with foreclosures and banks were not giving many construction loans at all. But during that period people still were having babies, forming households and relocating. The result is that now in 2016 we lots of housing demand and very tight supply.

What are your best strategies to buy for this new 2016 market?

1. Get real. Send competitive offers. Go over full price if needed. Use CASH (if you have it) to beat other offers for the deals that require that. You can put a mortgage on the house later.

2. Know what you want: Do your analysis before! You need to know the real prices of each neighborhood. Some people see a price of $400K and they automatically offer $350K. This is wrong!!! $400K might be a great deal already! Do not get stuck in the past! Your told me 3 times already that your cousin bought a house 3 years ago for $80,000 less the current asking prices. Yep! That was 3 years ago. That is an historic event like the 2008 recession. Things have changed a lot since then.

3. Act quicker: In 2016 good deals priced properly will go quick. Do not wait! Do not wonder around! Do not wait for a divine sign! If you did your homework, follow our advice. My team and I as investors are in the field every day and night and follow each City submarket. Just listen and follow to our advice.

4. You need to have a Realtor who can analyze and process facts and number fast. You do not need one with a fancy suit or a 2017 expensive car. You need someone who can deliver a CMA (Comparative Market Analysis) in minutes. Who can tell you everything about the neighborhood and the block you are buying in seconds.

Again, my name is German Llanos, Managing Broker of 24 Hour Real Estate LLC and my team and I are always ready to help! Contact me at 847-962-0923 email: german@24chitown.com

Why distressed properties are so hot? Why I keep bidding full price and keep losing? What is a “Multiple Offer Situation”? What is a “Highest and Best Offer”?

My name is German Llanos, a Real Estate Expert. I this video I explain and discuss the reasons of the current “tight inventory” market situation.

There has not been much meaningful new construction during the 2008-2013 periods. The market was flooded with foreclosures and banks were not giving many construction loans at all. But during that period people still were having babies, forming households and relocating. The result is that now in 2016 we lots of housing demand and very tight supply.

What are your best strategies to buy for this new 2016 market?

1. Get real. Send competitive offers. Go over full price if needed. Use CASH (if you have it) to beat other offers for the deals that require that. You can put a mortgage on the house later.

2. Know what you want: Do your analysis before! You need to know the real prices of each neighborhood. Some people see a price of $400K and they automatically offer $350K. This is wrong!!! $400K might be a great deal already! Do not get stuck in the past! Your told me 3 times already that your cousin bought a house 3 years ago for $80,000 less the current asking prices. Yep! That was 3 years ago. That is an historic event like the 2008 recession. Things have changed a lot since then.

3. Act quicker: In 2016 good deals priced properly will go quick. Do not wait! Do not wonder around! Do not wait for a divine sign! If you did your homework, follow our advice. My team and I as investors are in the field every day and night and follow each City submarket. Just listen and follow to our advice.

4. You need to have a Realtor who can analyze and process facts and number fast. You do not need one with a fancy suit or a 2017 expensive car. You need someone who can deliver a CMA (Comparative Market Analysis) in minutes. Who can tell you everything about the neighborhood and the block you are buying in seconds.

Again, my name is German Llanos, Managing Broker of 24 Hour Real Estate LLC and my team and I are always ready to help! Contact me at 847-962-0923 email: german@24chitown.com

Aldi and Ross will replace the former Bank of America site in Six Corners

Wednesday night, Clark Street Real Estate revealed their plans to develop the former site of Bank of America in Six Corners 4747 W. Irving Park Road (Milwaukee, Irving Park and Cicero) in Portage Park.

Six Corners

Six Corners

From: http://www.clarkstreet.com/portfolio/developments/six-corners

CSRE acquired approximately 4 acres at the prominent Six Corners intersection of Irving Park Road, Cicero Avenue & Milwaukee Avenue from Bank of America. CSRE plans to develop an exciting retail project that fits within the fabric of the community and acts as a catalyst for the revitalization of the historic Six Corners Shopping District.
Pic 3
The project will include approximately 100,000 square feet of retail on the first level, approximately 270 parking spaces on the second level with a continuous pattern of building abutting the sidewalks of Irving Park Road and Milwaukee Avenue. The loading and access points to the parking deck will be on Kilpatrick Avenue. The Alderman and Six Corners Association have emphasized the pedestrian circulation system and public spaces that have been thoughtfully included in the Project’s plan.

The site is currently under demolition with plans for construction to commence summer 2016.
Pic 2

Good morning Chicago!

WGN’s chopper shows you today’s morning view of the City of Big Shoulders!

Absolutely stunning! Skycam9 captured gorgeous video of Chicago’s skyline that looks almost too beautiful to be real.

Posted by WGN TV on Thursday, 18 February 2016

Foreclosure inventory down 35 percent nationally from a year ago

Source: CoreLogic

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released its June National Foreclosure Report, which provides data on completed U.S. foreclosures and foreclosure inventory. According to CoreLogic, for the month of June 2014, there were 49,000 completed foreclosures nationally, down from 54,000 in June 2013, a year-over-year decrease of 9.9 percent. On a month-over-month basis, completed foreclosures were up by 2.7 percent from the 48,000* reported in May 2014. As a basis of comparison, before the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.

USAA Real Estate Co. and Golub & Co. Acquire Chestnut Place Apartments in Chicago’s Gold Coast Neighborhood

SAN ANTONIO, Aug. 1, 2014 /PRNewswire/ USAA Real Estate Company today announced the acquisition of Chestnut Place, a 30-story residential building located at 850 N. State Street in Chicago, in partnership with Chicago-based Golub & Company, an international real estate investment and development firm.

Michael Goldman and Collin McKenna of Golub, and David Reahl of USAA, negotiated the acquisition. The seller, Chestnut Place Associates, was represented in the transaction by CBRE. The purchase price is undisclosed.

Best Home Sales in Five Years Signal Building Gain: Economy

Sales of new U.S. homes rose in June to the highest level in five years, pointing to gains in residential construction that will support the economic expansion in the second half of the year.

Purchases climbed 8.3 percent to an annualized pace of 497,000 homes, the highest level since May 2008, the Commerce Department said today in Washington. The medianestimate of 77 economists surveyed by Bloomberg called for a gain to 484,000.