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7 January 2025 | 3 replies
Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.
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9 January 2025 | 13 replies
I would also suggest letting them know what the requirements are prior to the showing, and possibly even allowing them to sort of fill out a questionnaire and making it known that failing to meet one or more of the requirements could result in denial of a tour however, everyone is encouraged to apply.Quote from @Emily Mohr: Thank you @Charles J Sabo, @Caria Mitchell, and @Matthew Becker!
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11 January 2025 | 9 replies
I love that you have specific goals for 2025 - I believe if we think it, write it, say it, and share it our goals are 10x more likely to come to fruition.Are you able to do option 2 and just house hack a 2-4 unit building and use a renovation loan which allows you to put down 3.5-5%I highly suggest getting to some local chicago meetup groups (we have an in person one on the 17th)...here is BPs list: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a full list of the chicago meetups that I can share with you too if that'd be helpful.
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7 January 2025 | 3 replies
As you said, this allows you to track LLCs (locations) and properties (classes and/or customers).
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8 January 2025 | 10 replies
My retirement system doesn't allow for me to roll anything over given that I'm still employed with the company and also under 59.5 years old.
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30 December 2024 | 5 replies
With the bank distress that's likely about to surface, we'll prob see a lot more of this soon.
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25 January 2025 | 155 replies
I'm not sure if I'm allowed to disclose the price, but I will say it's an investment to your future and provides so much value way beyond the amount you pay.
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13 January 2025 | 31 replies
I don't think it is a bad idea to find work in real estate somehow as it will allow you to be comfortable with being around it in general, such as a property management company.
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16 January 2025 | 7 replies
A house hack could definitely be a good first step, allowing you to build wealth while maintaining your lifestyle.
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16 January 2025 | 6 replies
They won’tfinance you, since bankruptcy laws allow you to keep your Residence.H.