With the purchase, the rehab, the closing costs and the holding costs (hard money, taxes, insurance, utilities) our all in is around $200,000, but we have created $40,000 in equity.

Just curious on possible strategies or suggestions from anybody currently thats an agent in the Central Illinois or Chicago area.

This strategy could work.

Because it causes one to think about the way they invest, the reasoning behind their investments, and the success and failures their investment tactics and strategies have produced.I make a decision to pursue a real estate investment (or really any investment) based on an evaluation of risk vs return.  

However, having an experienced real estate agent or investor in your network analyze comps adds an extra layer of confidence.If you’re focusing on specific markets and ever want to discuss analyzing deals or strategies, feel free to connect, Our firm would love to help you! 

Would love to hear more about your interests and strategies you are considering 👍🏽

Hi, We're looking to invest in properties in Detroit preferably with the BRRRR strategy. 

I agree with the house hacking strategy.

If you hate the process of placing tenants, it may be worth it to hire a property manager to handle tenant placement for you.I think finding a new tenant is a better long term strategy if you're confident you can find a higher quality tenant that will cause you fewer headaches.

There's no step by step guide but there are key things : Learn: RE strategies, what interests you, what do people in your area need.Connect: find a mentor, accountability group and be around those doing what you want to do.Help: solve problems- do people need dealflow, property mgmt, construction expertise, etc.