This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

What was the purchase price of your property?

Do you have a track record of purchasing and operating real estate on your own?

Congrats on your lot purchase in an awesome Chicago neighborhood like Humboldt Park.

Since I will be managing it after purchase, you can be certain I'm not going to sell you a bad investment.

There is a risk but one thing you can do to minimize is to have them provide information - full names, address, where they work, etc.

I was able to qualify for about $95k in 0% business credit cards (for 12 months), I then liquidated the cash and used a portion of that to obtain the hard money loan that covered the balance of the purchase cost.

Purchase price: $80,000 Cash invested: $145,000 Turning a 3/2 into a 4/2 duplex for short term rentals.

Thank you for the information!

The information contained in this post is not to be relied upon.