Been studying your market for a while and hoping to Brrrr some properties in 2021.

Making money in real estate requires experience and starting with no or little money makes you study harder.As much as most of us probably wished for it, getting started with a lot of money in your pocket is a recipe for disaster: the temptation is to make the deal work by throwing money at it.If you want to go into real estate go with a syndicator with a good track record.

Can they prove how long it takes to rent a vacant property?

Can they prove how long it takes to rent a vacant property?

It is still better than putting 20-25% down and not forcing equity appreciation though.In reality, before you start getting investors lining up to fund 100% of your deals you will probably need to prove yourself in some way.

Since you're so close to Loyola and not too far from Northwestern, I imagine you might have a pool of people who need temporary furnished housing while they study, do a medical rotation, or travel in the medical industry.

Myself I used my own internal funds to prove my model.

The investor “gave up” after numerous attempts to sell the lot or get a “refund” from the county proved unsuccessful.  

Now if you could prove they were purposely steering qualified candidates to other units, or failing to market the unit at all, those would possibly be acts of fraud or gross negligence, which can be litigated. 

Your story proves that being in the game creates opportunities you can’t plan for.