The other side of this is that Chicago is loosing population... but it is massive compared to most cities in the USA.

I would imagine someone would own massive amounts of contiguous land in the middle of nowhere, yet I am not finding it. 

✔️Purchase Price: $1.36MM✔️All capex will be included in a bridge loan✔️Will refinance into FreddieHere’s our plan:✅ Pave the parking lot✅ Build 3 additional units to utilize unused space✅ Perform light interior upgrades and bring rents up to market✅ Implement a flat fee for utilities ✅ Improve outside landscaping✅ Engage a professional property management company team to improve inefficiencies “The path to success is to take massive, determined action.” - Tony Robbins 🔥

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Pick up 2 extra jobs, move to a cheaper (or free) housing situation and live like a pauper (this is temporary sacrifice for Massive long term gains). 

The big risk in getting massively invested in your employer is that you have not only your income, but a large percentage of your wealth tied to the performance of that one company.

That's a massive undertaking if you don't have much experience. 100% agree to partner and at minimum connect with local investors who do this sort of construction.

I get this isn't ideal but it's reality, you have massive PM issues, transactional issues, you need a few professionals immediately. 

It was/is very tempting in this market but I'll agree with you on the massive risk. 

He took a massive hit and bought a new Jeep.