@Otis Clayton To partner in real estate effectively, establish a clear structure like an LLC for liability protection or a Joint Venture for single projects.

Even when we got ours transferred, they were super strict when it came time  to an inspection.

EXAMPLE: a local HC has a single comcast email address for their entire office - mysteriously, they seem to be always losing emails and asking us to resend multiple times.The good news is they finally increased their max rental amounts a few years ago, so they are now more competitive. 

When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

Doing this (renting both entire house and single bedroom rental) allows us to be able to tap into 2 separate target audiences and accomodate those singer travelers, couples coming to the area that would normally scroll past our listing due to size/cost. 

Median Prices for single families homes in the Chicagoland region went up about 7.4% as of November 2024. 

Slumps suck.Every single time we have a vacancy coming up, I get nervous.

If you come to me and say you super handy ready to take on a major renovation my answer will be different compared to if you come to me saying you need turnkey and 30 minute commute to NYC.  

I want to place a lien on my Ohio home (that is owned by my single-member OH LLC) with my WY LLC (or could use TX LLX) as the lienholder, so it shows debt and strips the equity. 

You absolutely can buy a single family investment property with 20% or 15% down.