![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3144469/small_1731470986-avatar-jareda142.jpg?twic=v1/output=image&v=2)
19 November 2024 | 20 replies
@Jared Appel - luckily we have a very strong investor community here in Chicago and lots of options.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3147308/small_1731954758-avatar-elishaj7.jpg?twic=v1/output=image&v=2)
19 November 2024 | 7 replies
Elisha -- strongly recommend you visit the market.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2906368/small_1707087334-avatar-amandas405.jpg?twic=v1/output=image&v=2)
23 November 2024 | 38 replies
My suggestion is to look for someone with a strong track record in investment properties, ideally someone who has successful investments themselves.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3112126/small_1729037826-avatar-craigd166.jpg?twic=v1/output=image&v=2)
19 November 2024 | 2 replies
If you have strong savings and income it's not as big of a deal
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2980384/small_1711275754-avatar-justinc919.jpg?twic=v1/output=image&v=2)
20 November 2024 | 14 replies
., cost segregation studies), carrying forward 2024 losses, and accelerating deductible expenses to reduce taxable income.Shift to Passive Investments: If management has become burdensome, hire a property manager or transition equity into more passive assets like turnkey properties, syndications, or REITs to reduce workload while maintaining income potential.Expand or Reinvest: Use your equity to acquire new cash flow-positive properties in markets with strong fundamentals, focusing on diversification and long-term stability.By refinancing, selling underperformers, or paying down debt, you can improve liquidity and cash flow.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2807964/small_1732032277-avatar-stephenh404.jpg?twic=v1/output=image&v=2)
20 November 2024 | 6 replies
Hey Stephen,I’d strongly consider doing a cash-out refinance in your situation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2838367/small_1694825951-avatar-celsor2.jpg?twic=v1/output=image&v=2)
18 November 2024 | 11 replies
However, higher property values mean there’s also potential for strong rent growth, which can help balance out the numbers when you refi.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2709659/small_1731515110-avatar-carlosl227.jpg?twic=v1/output=image&v=2)
20 November 2024 | 11 replies
So, six figures is a strong possibility given a good economy; 2024 has been a bit slower for the area, however.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2819667/small_1704981504-avatar-jonahs40.jpg?twic=v1/output=image&v=2)
18 November 2024 | 1 reply
Both have perks and strong demand here.
21 November 2024 | 8 replies
I’m especially interested in spots with strong short-term rental (STR) demand, where the laws are favorable to investors.I have around $250,000 USD to put down as a deposit, and I plan to finance the rest through a mortgage.