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Updated about 4 years ago on .

User Stats

20
Posts
6
Votes
Chris Ganz
  • Investor
  • Chicago IL
6
Votes |
20
Posts

Purchasing first single family home

Chris Ganz
  • Investor
  • Chicago IL
Posted

Hey BP team, so I have been actively investing for the past several years which mostly consisted of doing a multi unit buy and hold, and several flip projects.  I recently decided to make and offer on a single family home, with the intent of adding it to my investment portfolio.  For the most part it is already in excellent condition, but could use a few upgrades throughout.  My plan is to live there for several years while making updates with the intention to sell in a few years, or rent out out if that doesn't work out.  Was hoping everyone may be able to share some experiences with having single family homes as a investment, and maybe any issues as far as keeping it as rental property longer term.  Any input is appreciated.