• Retrieve a saved quote
Find an Agent

Ad Widgets

The Allstate Blog | Everyday Peace of Mind

How to Have Someone Else Pay Your Mortgage

A new generation of homebuyers is looking at multi-flat buildings as a way to snag their city dream home, Chicago Grid reported.  For young Chicagoans, the idea of renting in a two-flat may be more familiar than the prospect of buying one. But as the housing market bounces back, a… Allstate https://i1.wp.com/blog.allstate.com/wp-content/uploads/2013/08/196814053_ee7ee10657_b.jpg?fit=1024%2C681&ssl=1
Key to New Home
Becoming a landlord could be the key to owning your dream home. Photo by: Clinton DeWitt via Flickr CC BY 2.0
shares

A new generation of homebuyers is looking at multi-flat buildings as a way to snag their city dream home, Chicago Grid reported.  For young Chicagoans, the idea of renting in a two-flat may be more familiar than the prospect of buying one. But as the housing market bounces back, a wave of first-time homebuyers are scrambling to snap up homes with two to four units.

The allure is clear: more house for your money. Financial modeling from Access Chicago Realty shows that rental income in a three-flat could reduce the typical homebuyer’s out-of-pocket payments by around 60 percent.

Continue Reading…