New Chicago Home Sites

New Chicago Home Sites

New Chicago Home Sites Available Now!

When you buy a new construction home from a builder in Chicago, more than 7% of the sale price goes towards commissions and closing costs.

When you have a builder build your house for you, you save that 7% right off the top!

Because the builder doesn’t have to tie up their own money or sign for a construction loan, they’ll build it for a smaller profit.

All in, you”ll save 10 to 15% or more on your new house just by having a builder build custom for you.

It’s a win-win. You get an exactly the new house you want. You save money and build wealth in the process.

Right now, we have both standard and wide lot home sites available in some of Chicago’s best North Side neighborhoods.

✅SEE available NEW Home SITES, PLANS and COSTS: https://www.ld2development.com/custom-homes/

If you just want to learn more about the whole building process, grab a copy of my new book on Amazon, it’s called: Don’t Buy a New House! BUILD IT or click the link below to download a free ebook.

✅ Download FREE EBOOK: Don’t Buy a New House! BUILD IT https://www.ld2development.com/custom-homes/

#newbuildhomes #custombuilder #newhomes

Build Your New Home!

Build Your New Home!

Opportunity:

Lincoln Square / East Bowmanville

Rare pre-construction opportunity:

Off Market Site Now Available!

Standard Lot 25′ x 125′ RS3

Zoning allows a new home up to 4200sf

Example Numbers:

Lot cost $400,000

Build Cost ~ $800,000 ~ 3400sf

Total Cost ~ $1,200,000 Custom builder will build your new home. Est.

Finished Value ~ $1,400,000 Comparable new homes nearby $1.3 – $1.6M

Simple one loan Construction-to-Permanent mortgage program with great rates on 5, 7 or 10 year ARM’s!

Contact: Roger Luri – 312.380.9650

[email protected]

 

#newbuildhomes #newhomes #mortgage

✅ Get New Book on Amazon:

Don’t Buy a New House! BUILD IT https://www.amazon.com/gp/product/B09PRTVBMH/

✅ Amazon Author Page: https://www.amazon.com/author/rogerluri

Invest IRA and Retirement Funds into Real Estate – Tax Free!

Invest IRA and Retirement Funds into Real Estate – Tax Free!

I meet a lot of people who would like to invest in real estate, but say all of their funds are tied up in IRA’s or 401k’s.

Most people don’t realize that they can easily transfer an IRA or a 401(k) from a prior employer into a self-directed IRA account and then they’ll have complete control to invest in real estate or any number of other investments you choose.

When investments grow Tax Free it’s really a game changer for how quickly you’re going to compound your wealth.

If you’d like to find out more about how self-directed IRA’s work and see how you can start your own, my email is down below, just shoot me an e mail & I’ll send you a link with more information and contact info for the trust company that I use.

They can tell you all about how it works and get it set up for you in a matter of a couple of weeks.

[email protected]

✅ Get New Book on Amazon: Don’t Buy Multi-Family! BUILD IT https://www.amazon.com/gp/product/B09PSFMC6Z/

✅ Get New Book on Amazon: Don’t Buy a New House! BUILD IT https://www.amazon.com/gp/product/B09PRTVBMH/

✅ Amazon Author Page: https://www.amazon.com/author/rogerluri _________________________

✅ Let’s connect: YouTube: https://bit.ly/LD2YouTube

Linkedin: https://www.linkedin.com/company/ld2-development/

Facebook: https://www.facebook.com/LD2Development/

Instagram: https://www.instagram.com/ld2development/

#1 Tax Loophole for Real Estate Investors Closing Dec 31 !

#1 Tax Loophole for Real Estate Investors Closing Dec 31 !

If you’re in a position where you need tax benefits to offset investment income, You should know about a huge break handed to real estate investors by The Tax Cuts and Jobs Act of 2017.

The window to take advantage of it closes at the end of this year. But it’s not too late for investors to get huge tax breaks right now.

I’m talking about 100% Bonus Depreciation which is a way real estate investors and developers can accelerate huge passive losses on their properties in their first year of operation!

It’s been an incredible benefit, but it expires at the end of 2022 and drops to 80% for 2023 and 60% for 2024.

The good news is that if you are an investor, you can still take advantage of 100% bonus depreciation right now by purchasing an income property that is put in service before the end of this year.

So Let me back up for a minute and explain how Bonus Depreciation works.

Most people are not aware that you have the option to use what’s called Cost Segregation to depreciate certain components of your property faster.

The way it works, you have a cost segregation study done by an engineering company that specializes in Cost Segregation.

They divide the value of your building components in to 4 buckets:

Land – No Depreciation

Structural Elements – 27.5 year depreciation

Personal Property – 5 years

Land Improvements – 10-15 years

Using 100% bonus depreciation you can take all the items that depreciate in less than 20 years, accelerate their depreciation and claim all of these passive losses in your first year of operation.

The personal property and land improvement items that qualify for accelerated bonus depreciation are commonly about 30% of the building value / cost.

In our example, with total improvements at $1,500,000, 30% = $450,000 in passive losses you can claim year one!!!

if you have substantial passive income from any investment source, this is going to give you huge tax savings.

Whatever you can’t use, you can roll it forward.

Also, if you or your spouse qualifies as a real estate professional, you can use it against any regular income.

There are some great opportunities to pick up qualifying properties right now.

These can be multi-family rentals or even a single family or other smaller rental property.

The Cost Segregation study itself can be done after the 1st of the year, but the property needs to be purchased and in service (ready for occupancy and offered for rent) before the end of the year.

The clock is ticking, but there are still some great opportunities available.

DM or call me to learn more.

[email protected]

312.380.9650

✅ Get New Book on Amazon: Don’t Buy Multi-Family! BUILD IT

https://www.amazon.com/gp/product/B09PSFMC6Z/

✅ Amazon Author Page: https://www.amazon.com/author/rogerluri _______________________

✅ Let’s connect:

YouTube: https://bit.ly/LD2YouTube Linkedin: https://www.linkedin.com/company/ld2-development/ Facebook: https://www.facebook.com/LD2Development/

Instagram: https://www.instagram.com/ld2development/

Incredible low rates on Mortgage Programs for New Construction Homes

Incredible low rates on Mortgage Programs for New Construction Homes

Now If you’ve been looking for a great new construction house here in Chicago and maybe you’re starting to feeling like the market’s got away from you,

you’re going to want to listen to this, beacause I’m going to tell you how you can save a lot of money on a new construction home and you may qualify for a mortgage as low as 5 1/8 to 5 1/2%!

Now my new Book Don’t Buy a New House! BUILD IT Tells you why you should build your new house rather than buying one.

This is especially true now because there are so few new construction houses available and with the current economic crunch, supply is likely be even lower for the foreseeable future.

To me, the biggest thing is that you’ll be putting most of the builder’s profits in your pocket.

When a builder sells you a new house here in Chicago, they pay about 7% in closing costs right off the top. So for example, on a new $1.4M house, that’s almost $100,000 off the top.

Combine that 7% with a bit lower profit for the builder and you can easily be starting out with maybe 15% additional equity from the day you move in, Which is awesome, right?

Right now we have a great new home site available in East Bowmanville, which is a cool little enclave in the Northern part of Lincoln Square just west of Andersonville.

We have a few great plans you choose from.

But here’s the thing I really wanted to share today local lender Wintrust is now offering an incredible mortgage program designed to help make your project simple and affordable.

It’s called a Construction-to-Permanent loan and it allows you to lock in your mortgage rate up front and then your builder draws the funds for construction as the house goes up.

When the house is finished, you move in and your mortgage is already in place! no closing, no closing costs.

But check it out! Today’s (10/18) rates for a construction to permanent loan start at:

Only 5 1/8 % for a 5 year ARM and only 5 1/2% for a 10 year ARM.

Of course this is a borrower needs to qualify for these rates which depends on your credit and financials.

And I want to be clear, I am not a mortgage broker, nor am I affiliated with Wintrust in any way, but this is an incredible program! 

If this sounds attractive to you, just DM or contact me for more info.

[email protected]

312.380.9650

And to learn more about the whole process, make sure you grab a copy of my book on Amazon from the link below:

✅ Get New Book on Amazon:

Don’t Buy a New House! BUILD IT

https://www.amazon.com/gp/product/B09PRTVBMH

__________________________________

✅ Let’s connect:

YouTube: https://bit.ly/LD2YouTube

Linkedin: https://www.linkedin.com/company/ld2-development/

Facebook: https://www.facebook.com/LD2Development/

Instagram: https://www.instagram.com/ld2development/

✅ Amazon Author Page: https://www.amazon.com/author/rogerluri