Are You Interested In Learning What It Takes To Be A Successful Investor In The Chicagoland Area?

The Chicago Wealth Builders Top reasons to invest in Real Estate:

  • Properties are dirt cheap
  • Virtually No Competition
  • The general public is running scared when it comes to real estate.


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Millionaire Style Life Hacks

From the Man Himself – Mr. Warren Buffet.

Perhaps we could all adapt these mantras to our daily lives?   They say, surround yourself with winners, and your standards inevitably become higher.  Therefore you will also associate yourself as a winner!  Good Day all! Have a great week!

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Start with us!



RIP Nelson “MADIBA” Mandela

One of the saddest days that will ever be reflected in our history – December 5th, 2013.  The day when Nelson Mandela left the world. A world that he made better through his humanitarian, political and personal efforts.  RIP MADIBA TATA. YOU will never be forgotten. Below is a tribute to this great man.  Click the Image


This weekend I will be showing you Step-by-Step how to how to rehab houses and make at least $40,000 per deal.

Click Here to register

Trust me when I say you definitely don’t want to miss this Free Real Estate Workshop.

Also everyone who registers is going to get over $200 in Free Bonuses that you can use immediately in your Business.


See Ya Saturday,


K. Kirkman
P.S.  For More details go to


Lest We Forget

An Epic Day in history – 9/11. The date brings to mind for all of us a shocking memory of what the human race is capable of.
Today marks the anniversary of this day and we would like to let the world know – that we will always remember the lives lost, the loss left here and the pain that smeared the history of the human race forever. What could we possibly do to erase this horrible day? Not a thing – but as a nation, we certainly can move forward with stealth at our backs, our heads held high and that “don’t mess with us” looks on our faces and NEVER let this happen again. For those lost, we pray.

Labor Day – Labor Free!

Hey Everyone,
Just saying HAPPY LABOR DAY to you!!!
We hope you soak up the sun, chill out and see all your loved ones!!!
Check out this video on just how to throw the perfect labor day party – hassle free!!! It’s kinda funny this one!

How to choose the right Neighbourhood…

Find the Perfect Neighborhood

How to scout out the best place to call home

Once you’ve become pre-qualified for a loan, you should be ready to put your house-hunting efforts into full gear. But don’t skip the important step of scouting out neighborhoods before you start your search for the perfect house.
The neighborhood in which you live will heavily dictate your whole way of life—things like walking to a nearby park with your kids, knowing your kids are attending good schools, feeling safe when your children play outdoors, being close to restaurants and shopping, enjoying a short commute, and knowing your home will appreciate at a healthy rate.
Of course one way to get started in your neighborhood search is to get in your car and explore, especially if you’re unfamiliar with the area. Get an idea about the neighborhoods by driving around and seeing which areas appeal to you. Walk around, explore, and talk to some of the residents.
Take note of the general appearance of the homes. Are they well maintained? Are they nicely landscaped?
If you have children, you might be looking for a neighborhood with plenty of children around, as opposed to neighborhoods that attract more seniors or young singles.
Other factors you’ll want to consider are the schools, crime, your family’s specific needs, and appreciation – as in how much the value of the home is likely to increase.
A good Realtor will be very familiar with all the neighborhoods in the area and should be able to tell you about the strengths and weaknesses of the specific neighborhoods you’re eyeing.
The school district
Even if you don’t have school-aged children, buying a home in a district with good schools will be in your best interest. When and if you sell the home at some point in the future, future buyers with children will likely consider good schools their top priority. And neighborhoods with good schools typically attract more buyers.
There are several sites on the Web in which school reports are just a few mouse clicks away. Basically all you do is enter a geographical area or zip code and it will display ratings for the school system. Also:

Ask your Realtor about information on schools in the area.
Talk to people in the neighborhood, especially people with children.
Standardized test scores are also available on the Internet.
Visit the schools and take a tour if you have children. It’s important that your decision isn’t based purely through facts gathered online. Get a true feeling for what the school is like.

Crime statistics
No one wants to live in a neighborhood where break-ins and burglary are the norm. There are web sites that can provide you with statistics on crime and other information pertinent to your search.
In addition to school information, Homestore lets you enter a city or zip code and provides you with crime data for the area you choose. It also compares crime statistics with other cities (such as the city from which you are moving).
In researching a neighborhood, you must first determine your area. The suburbs may have lower crime statistics, but may be farther from your work. Cities may have more crime, but may have other qualities that you consider more attractive, such as convenience and cultural activities.
Use the following tips to help you learn about crime statistics in a neighborhood:

Talk to neighbors.
Take note if there are bars on the windows and doors of homes.
Talk to the police or sheriff’s department.
Check for gang graffiti on walls and walkways.
Keep in mind that if you’re looking in-town, you may not be able to get away from everything you consider unappealing (such as noise and traffic).

Keep your family in mind
A home isn’t just an investment when you have a family to think of. You’ll need to consider more than just the number of bedrooms or whether it has an attached garage. You’ll need to consider the community first and foremost. Do you want schools that are in walking distance? Do you want to be close to your place of employment? Do you want to be close to shopping, restaurants, and other services?
You’ll also want to research property values before you find a home in the neighborhood that you like; property values reflect a community’s overall health.
And when you do your research, find out what houses sell for now versus a decade ago, five years ago, and three years ago. Also, find out how much property taxes have gone up.

Mortgage Rates – Interesting Article

Mortgage rates soar to 4.46% – biggest jump in 26 years

By Les Christie @CNNMoney June 27, 2013: 11:21 AM ET


• Rising interest rates have hit mortgages big time.
Rates on 30-year, fixed-rate home loans spiked 0.53 percentage points to an average of 4.46% this week — the largest weekly increase in more than 26 years, mortgage giant Freddie Mac said Thursday.
The 30-year loan, which stood at 3.35% as recently as early May, is at its highest level since July 2011.
Rates for 15-year loans, popular with homeowners refinancing their mortgages, jumped 0.46 percentage points to 3.5%.
An extra percentage point will cost homebuyers with 30-year, fixed-rate mortgages $56 more a month for every $100,000 they borrow.
Related: Best advice now for homebuyers and sellers
“If sustained, the rate increase will take some of the steam out of the housing market,” said Mark Zandi, chief economist at Moody’s Analytics.
The sudden jump in rates is driven by uncertainty over whether the Federal Reserve’s economic stimulus program, called quantitative easing, will continue, according to Keith Gumbinger of, a mortgage information provider.
“The aftermath of the Fed meeting and Mr. Bernanke’s remarks … about the future of QE continue to roil markets,” Gumbinger said.


Have a great weekend everybody!!!!!!!!!!!


Switch your ceiling fan to turn in a counter-clockwise direction In the summer; in the winter, run it at low speed, but clockwise.

Close your exterior doors and windows tightly when the AC is on. Save even more by turning off kitchen and bath exhaust fans.

Change or clean your AC’s air filters at least once a month to keep your system running at peak performance.

Make sure your AC has a rating – or Seasonal Energy Efficiency Ratio (SEER) – of 15. Not only will your AC be more efficient, you could also be eligible for a rebate up to $300.

Make saving automatic: Set your thermostat fan switch to “auto” to save energy. Leaving it in the “on” position keeps air running constantly.

Block the sun from overheating your home! Inside, use shades, blinds and drapes. Outside, use awnings, trees and shrubs.

Insulate your walls with injected foam insulation to help you save energy by keeping hot outside air from seeping through porous block walls – check with your local building supply company for details.

Give your AC tune-up. Running an inefficient AC system can result in high monthly bills. Plus, you could qualify for a rebate.

Open interior doors so that cooled air flows freely throughout your home.

Repair leaky ducts to reduce heating and cooling costs and qualify for a rebate up to $120 toward repairs.

Install attic insulation rated R-30 and sealing any attic leaks to reduce high home cooling costs. You’ll save money each month and qualify for a rebate of $75 or more.

Check for household leaks to make sure air isn’t escaping through openings such as fireplace dampers, doors and windows.

Decorate for a cooler home by hanging light-colored curtains that allow light to enter a room while blocking some of the sun’s rays, and light-colored paint to reflect heat.

Close unused air vents. If you have central AC you can close air vent in rooms you’re not using so you’re not paying to cool them.

Plant trees to provide shade on the sunny side of your home.

Use ceiling fans to cool off for less. Ceiling fans use no more electricity than a standard light bulb. However, be sure to turn fans off when you leave — they only cool people, not rooms.

Install more ceiling fans. Because the breeze of a fan can make you feel three to four degrees cooler, you can raise that thermostat and still stay comfortable.

Raise the temperature on your thermostat by a few degrees to save on your cooling costs.

Install a programmable thermostat to adjust your temperature during the day.

Must Do’s to Get That Mortgage!!

Alot of us know, Alot of us don’t know. So let’s just do a quick recap of what it’s going to take for the “average joe” to get a mortgage in the current economy:

An overview of current mortgage requirements in the U.S.:
1. Credit Scores — There seems to be a good deal of leeway with this requirement. With that being said, most lenders are looking for a score of 600 or higher for FHA loans, and 620 or higher for conventional mortgages.
2. Down Payments — Are you a veteran or active-duty member of the military? If so, you might qualify for a VA loan with no down payment. If you use an FHA loan to buy a house, your down payment could be as low as 3.5%. Conventional mortgages generally require a down payment of at least 5%, and in many cases more.
3. Debt Ratios — Lenders are most concerned with your combined or “back-end” debt ratio. This is a comparison between your monthly earnings and debt expenditures. If you’ll end up spending more than 45% of your income to cover your debts (including the new mortgage payment), you might have trouble getting approved for a loan. As with most mortgage requirements, there is some wiggle room here.
4. Funds for Closing — Your lender will check your bank account to make sure you have enough money to cover your closing costs. There are the various fees and charges you’ll accrue during the home-buying process. They can add up to thousands of dollars and are typically due on closing day.
5. Employment — You will need a job to qualify for a mortgage loan. But many lenders set the bar even higher. They want to see at least two years of steady employment – and you will have to have this well documented by way of W2′s, pay stubs and bank transactions.
6. Documents — Borrowers have always been required to document certain aspects of their financial situation. In 2012 and carrying over into 2013 this has become a lot more stringent. These include federal tax returns for the last two years, bank statements, pay stubs, employment letters and a list of any other assets you have, to name but a few. Most lenders today want the tax records to be sent directly from the IRS, as opposed to coming from you. So don’t be surprised if they ask you to sign an IRS form 4506 when you apply for the loan.
7. Cash Reserves — This mortgage requirement is something of a hit or miss. Some lenders will require you to have extra money in the bank at closing, theoretically earmarked for your first few mortgage payments. Other lenders only care that you have enough to cover your down payment and closing costs. Still, it’s something borrowers should be aware of in 2012. You can learn more about cash reserves here and here.
All of these items can make or break your chances of getting a home loan, especially those toward the top of the list. Here’s what lenders had to say about the top four items on this list, during our phone and email conversations of the last few weeks.
1. Credit Scores: Only the “Good” and “Excellent” Need Apply
It’s no secret that mortgage lenders have gotten stricter with their credit-score requirements over the last few years. It has been the subject of countless headlines in both the mainstream and financial media. Today, however, there seems to be a stronger emphasis on credit scores for FHA loans as well. And this may come as a surprise to many borrowers and their real estate agents.
In the years past, the FHA loan was seen as the last resort for home buyers with marred credit. These are people with late payments, debt collections, bankruptcies and other negative events dragging down their FICO numbers. When denied for a conventional mortgage, these borrowers could often find a “side door” through the government-insured FHA mortgage program. But we were surprised to find that most lenders are now setting the bar at a 600 FICO score for FHA borrowers. (More: Is 600 the new magic number for FHA credit scores?)
This is a two-tiered mortgage requirement that frequently confuses home buyers. The Department of Housing and Urban Development (HUD), which runs the FHA program, says you need a score of at least 500 to obtain one of these loans. But don’t expect to find a lender willing to work with you, if your score is truly in the low to mid 500s. Most banks today impose their own “overlays” on top of HUD’s guidelines, often requiring scores of 600 or higher.
With that being said, borrowers who fall into the 500 – 599 range should not despair. Some of the lenders we queried said they would work with sub-600 home buyers, as long as they had other compensating factors. Translation: If you can cough up 20% or more for a down payment, and you have very little debt, you might still land a home loan with a FICO score south of 600.
2. Down Payments Range from Zero to 20%
Do you need a 20% down payment to qualify for a home loan in 2012? No. Will it help you get approved if you have other factors dragging you down, such as a low credit score? Absolutely. With that being said, most borrowers can still qualify for a mortgage with a much smaller down payment.

The lowest requirements can be found on government-insured mortgages. USDA and VA home loans offer 100% financing, while the increasingly popular FHA loan offers a down payment of 3.5% to qualified borrowers. For a conventional mortgage, you might have to plop down 5% – 20%, depending on your other qualifications.
3. A Warning to the Debt-Laden Borrower
Are you spending nearly half of your monthly income to cover your debts right now? If so, you’ll have a hard time finding a mortgage lender willing to increase your debt load. Lenders in 2012 are paying closer attention to the amount of debt a borrower is carrying. The so-called debt ratio is another key mortgage requirement in 2012. And it’s a requirement that has become more rigid over the last couple of years.
Start by adding up all of your debt obligations, particularly those that show up on your credit reports (credit cards, car payments, etc.). Now add in the monthly payment you might take on for a mortgage loan, given the price range you are considering. If the total amount exceeds 50% of your gross monthly income, you might be overreaching. Most lenders will view this as a high-risk loan. As a result, they’ll be more inclined to turn you down, or to slap you with a higher interest rate.

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