Whether you’re eyeing a historic greystone in Bucktown or a classic brick two-flat in Irving Park, the Windy City offers endless opportunities to grow your wealth. 

I’m focused on growing my portfolio and have my eye on a few markets.

Investors should keep an eye on government spending in housing to understand how these changes might shape local markets.At the same time, Bessent’s focus on driving GDP growth could bring a surge of opportunities.

@Jordan Miller - I think to give proper guidance it would be good to share more details on the revenues and expenses on the property.

To find reliable contractors, ask for recommendations from other investors, real estate agents, or your local hardware store, and check platforms like Angi or Thumbtack for reviews.It’s best to bring a contractor out after the inspection so you have all the details to discuss.

I asked if I could pick the title company and they said they would do it and call me back with the details.

Understand the local permitting requirements, keep eyes on your property to avoid squatters, and make sure you have a great vacant insurance policy while you're renovating.

Thank you for the detail information this is very helpful.

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...