He determined the price and terms for the property, and according to the agents involved, he consulted with accountants and attorneys before signing the contract.

Converting your condo into an investment property and transferring it into an LLC is a smart move for liability protection.You’re correct that retitling the property involves Chicago’s transfer tax, which can be substantial.

While both involve finding and properly securing a site and bringing it to full entitlement, the ground-up process includes the land piece but gets way more involved and complex to execute.The full "Monty" for ground-up development needs to include financial literacy, an explanation of metrics, and how they work.

I look forward to being involved with bigger pockets and am excited to connect.

The easiest of all the thing I've been involved in.

This will allow you to get the sheriff involved immediately.If you are already past the notice period then you will probably have to follow whatever state laws are in place for the notification period and possibly the eviction process.

Having dual licenses, loan origination and real estate, has got me involved in most parts of the investment transaction.  

That's when I realized the importance of staying organized and having a comprehensive checklist.Closing a deal involves juggling a million things.

The other quesiton i have is if private equity is starting to get involved in this market, companies like Apollo & Carlyle, does that change your feelings about getting involved in the space?

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.