Hello Treza, do you already have financing for for the construction?

Hi - we're getting  ready to "push the button" with Kay Properties on a 1031 finance purchase of a $100,000 offering.

How did you finance this deal?

So it is somewhat applicable here.

How did you finance this deal?

I’d love to connect with local real estate agents, lenders, and contractors who can help me navigate this journey.I’m continuing to educate myself on finding, analyzing, and financing deals, and I’m excited to hear any advice or recommendations the community has to offer.Thank you for reading, and I look forward to connecting with many of you!

I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.

The local market has a lot of opportunities, especially if you’re looking into multifamily or creative financing.

Private financing has many perks compared to traditional bank loans, especially if you're after speed and flexibility.

I used to work in finance and we could get clients approved for a HELOC in less than 24 hours which will be much quicker than the cash out finance.