Sometimes letting them do their thing can save so much time and stress!

Some cities have started introducing stricter rules, so ensuring compliance upfront can save you headaches later.Out of curiosity, are you leaning toward any specific property types (e.g., single-family homes, condos, or cabins)?

So i negotiate each one as they come in as a seller it has saved us substantially..

This is substantively more “downpayment” savings upfront.

Save up money.

Building a trusted network of contractors will save time and ensure consistency as you scale.

It depends on what the terms of your mortgage are.Pros-with no mortgage, you have higher cash flow.Cons-if you plan on buying more properties, you are better off saving the money for a down payment for your next place.The big questions are: can you get higher than 7% return if you invest that money elsewhere? 

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lenderHow did you add value to the deal?

I feel I have a rough idea, which is..I'm in Rogers Park, my next important step is to wait out 1.5 years until I can fully rent out the condo, but for the meanwhile get a roommate to save more money.

Used $50 to buy the asset + $30k from savings.