Schedule inspections at key stages, and involve your property manager early for rental insights.

I'm looking to purchase a 2-4 unit in northern Illinois, the Freeport area seems to have tons of affordable inventory. Obviously, rents are very cheap there, but it seems I can find MLS listings that match or come clo...

Quote from @Grayson Grzybowski: @Crystal SmithThank you for taking the time to provide your insight on the questions I have asked.For your introductory statement, I understand this is how debt should be used. 1) I have already went out of my way to ask for as high of a limit as I can just to have it on stand by. 2) I am trying to build value into our home to increase the equity faster so I can utilize it as leverage in time. 3) I have already reached out to a lot of different investors and have their terms & conditions at hand. 

Thanks in advance for your insights!

It does seem competitively priced for the area.If anyone has insights into how the existing HELOC might impact the mortgage assumption or tips for negotiating on a deal like this, I’d greatly appreciate it.

Any insight into what’s commonly accepted would be great.Thanks in advance for any tips or experiences you can share.

Let me know if you want more insights on either approach!

It might also give you some insights into why the list price may be what it is...

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Though the leap looks easy on paper, it's scary when you try to put it into practice.I’m here to build my network, learn from experienced investors, and get insights on navigating the world of real estate.