I’ve spent my entire life going from crew to crew learning all of the trades, and my father taught me the business side of it in his company.

We see a lot of non-performing notes in the Cook County area and the discounts are tempting but the picture that's emerging is explaining a lot of that.Are investors actively buying at the foreclosure sales?

Game to network and trade notes. 

I'm particularly passionate about Midwest area.Outside of real estate, I enjoy Hiking, fishing, hunting, stock trading, and serving my customers that require plumbing service.Excited to learn and connect with you all!

We recently found a licensed contractor reasonable enough that we now call him for things that aren't an emergency, initially saved us thousands off management's estimate for repairs due to a break-in during a turnover (apparently management calls an outside contractor to quote potential insurance claim repairs, and he was beyond ridiculously expensive).

I generally use cash to invest but the real estate market is very depressed right now and my portfolio is diversified in BTC cryptocurrencies focusing mainly on gold short term trading on top of state metals 

What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself?

Louis doesn’t align with your investment goals, consider other viable options such as expanding your portfolio in NJ, exploring emerging markets, or diversifying into commercial real estate.Feel free to reach out for more personalized advice and to explore the best financing options for your investment strategy. 

Non-resident aliens are taxed only on their income from sources within the U.S. and on certain income connected with the conduct of a trade or business in the U.S, leaving your CA income alone!

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).