Purchase price: $250,000 Cash invested: $14,000 I purchased and managed a rental property in Chicago, focusing on strategic improvements and tenant satisfaction to increase both its value and profitability.

.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.

If so, you will need to apply for a change of number of bedrooms on the standard CHA rent increase form.

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

Look at SCI, we had a lot rent increase in Nov. 2017, SCI came in an purchased it in Dec. 2017 and increased the rent again.

Similarly, quality dividend-paying companies often retain some earnings to reinvest in their business, increasing the company's (and your) value over time.

Our proposed plant will utilize advanced technology to process these tyres into valuable reusable materials, including:Crumb rubber: Used in various applications such as road construction, sports surfaces, and molded products.Tyre-derived fuel: A sustainable alternative fuel source for industrial purposes.Steel wire: Recycled and reused in manufacturing.Investment HighlightsStrong market demand: Growing environmental awareness and increasing landfill costs are driving demand for tyre recycling solutions.Sustainable business model: Our plant will contribute to a circular economy, reducing waste and conserving resources.Advanced technology: We will employ state-of-the-art equipment and processes to ensure high efficiency and product quality.Experienced team: Our management team comprises industry experts with a proven track record.Attractive returns: We project strong financial performance and offer competitive returns on investment.Call to ActionIf you are interested in learning more about this exciting investment opportunity, please contact me to discuss further.

The city is working on getting a a ferry to NYC which should increase rent / appreciation.

In the next 4 years my income will drastically increase, but I don’t want to wait 4 years to buy another property that will be an investment.

I am working on increasing my knowledge and skills on the accounting side of investing.