Loans are nothing more than networking, and strong financials which you look to have on the property.

Chicago cap rates are lower then interest rates so what I see clients do is rehab to add a ton of equity/boost rents and then either just hold it or do a partial cash out to get back 1/3 or 1/2 the money in the deal which gives you a higher COC.

I pass them on to my clients, as the law requires, but I advise them to ignore 99% of them.- You don't need to offer the full asking price as earnest money, but a large deposit definitely helps woo the seller into believing your offer is serious.

I'm also a REALTOR who focuses on PadSplit primarily with many clients building portfolios of these high cash-flowing properties.

@Nathan BrooksI am not local to Richmond, but have several clients who work in that market.Welcome to the community and be ready for a huge amount of information at your finger tips.

While the prices of home are low, rent yield is still strong making you feel more confident in achieving those cash flowing goals. 

Choose a location with low-cost homeowners insurance because they have the lowest risk of natural disasters: Insurance - ValuePenguinIf you follow the above process, you will now have a short list of potential cities that are very likely to appreciate much faster than others due to their strong fundamentals.

You can do cost seg in 2025 before filing your tax return, and your apply for your 2024.This post does not create a CPA-Client relationship.

I do have an accounting department that handles the payables.  3.Consider a Maintenance/Construction Division (When the Time Is Right): Margins in PM are thin, but bringing maintenance in-house can be a strong revenue stream.

If an agent brings a client and buys the wholesale deal, their standard contract is the second contract that the original contract is being assigned to.