Pen Pal Harry Kunelis DDS: a former dentist turned business tech developer, is the founder of HK®. Harry is a member of the American Academy of Craniofacial Pain. A licensed dentist in the State of Illinois. And a State of Illinois licensed Managing Real Estate Broker.
Insulin carries glucose to cells. After you eat food, the pancreas will send insulin into the blood to grab glucose and escort the glucose into cells. If you don’t eat food, then there’s no insulin kick. And when you don’t eat for long periods, blood sugar can get too low. If blood sugar gets too low, you can die. This is when the cortisol (adrenalin!) hormone steps in—to bring glucose back into the bloodstream.
It officially went into effect October 3, 2015. The Dodd-Frank mandated (CFPB directed) residential real estate closing regulation (known as the “TRID Rule”). If you’re participating in a residential real estate transaction in America, then these closing rules shall apply.
It’s worth repeating. These rules (timelines!) apply to any home purchase:
If you’re using bank financing to buy or own any property, then you’re using a type of drug. As you know, some drugs can be therapeutic. While other drugs can kill you. It doesn’t matter what type of property you buy. Whether you’re buying a single family home, apartment or commercial property, these principles are as relevant as the laws of gravity.
If you’re buying any property—whether as a personal residence or investment—then you must know how to value real estate investment and property accurately. In a nutshell, there are three ways. And a little-known fourth way that shall help you detect residential real estate market bubbles. This killer infographic summarizes everything you’ll ever need to know on how to value real estate.
If you’re a first-time home buyer, investor, relocating or retiring—and ready to buy a condo in downtown Chicago—then these 7 market insights will help you avoid costly pricing mistakes. Follow this info-graphic along as it lands you safely on your feet among the street-level metrics.
It just started. Despite what numerous pundits previously alleged regarding a Chicago real estate recovery, it has only now started. If you’re interested in buying property—or investment in general—then you don’t want to miss this next wealth phase in Chicago real estate.
This month, our insider technical analysis trigger (shaded green areas) secretly alerted us to the start of the next Chicago real estate wealth cycle. Heeding the guiding principles in this simple chart remains especially important if you’re buying property using debt financing.
Properly buy downtown Chicago real estate like a grandmaster chess champion. If you brace yourself with these moves, then you’ll checkmate your opponent every time.
Move 1: Notice of No Agency
What is it? — When you bump into a real estate broker at a coffee shop and start talking real estate.
Chicago is considered a high momentum cyclical market. Similar to other HNWI (high net-worth individual) markets in America like San Francisco. Which means it’s real estate market trend mimics the peaks and valleys of a roller coaster ride. Beyond lifestyle and fun, Chicago offers convenient travel to anywhere in the world. And when it comes to intellectual capital in the form of the tall building, Chicago minds are at the top of the pyramid.
What your pal at the bank and your broker don’t tell you. The reason why your advisers won’t inform you on this calculation is because they’re not trained to think like a successful fund manager. And, therefore, they don’t know it themselves.
This is single-handed the most important lesson you’ll ever need to know when borrowing money from a bank to buy property.
Legendary investor Warren Buffet claims he shares a valuable philosophy with baseball great Ted Williams. Ted Williams once wrote that the most important thing for a hitter is to wait for the right pitch. Warren Buffet admitted he approaches investing with the exact same credo:
“…wait for the right pitch, yeah and wait for the right deal. And it will come. It’s the key to investing.” – Warren Buffet
This information is coming off the heels of a recent presentation I made at the American Association of Private Lenders conference at the Kansas City Convention Center. Many of the attendees were from Kansas City, Missouri. And appreciated the insights revealed in the real estate market technical analysis data (Lesson 1 of 7) from my book. Candidly, Kansas City isn’t a market that I would typically run an analysis on.
However, because a few of the locals were interested to learn more about Kansas City’s current wealth phase – from a technical analysis perspective – I decided to offer them a follow-up commentary here. Considering the kind hospitality they extended.
What a crime these days. How some of these buildings have the audacity to include the word “luxury” in their advertising. Whether in Shanghai, Chicago or New York, all I do is stare at architecture—even when I drive.
My wife preferred it back when I would drive twice the speed limit—yet, would actually keep my eyes on the road. These days, I drive half the speed limit; while staring at the construction and design of high quality buildings in premier locations.