Assuming it works the same way in Illinois as it does here in California this would be a perfect project for a hard money construction loan.

Investing this way (using the same $50k) 4 to 6 more times a year, that produces a 32% to 48% return, or $16k to $24k earnings in a year doing no work at all, and it is perfectly legal.

Investing this way (using the same $50k) 4 to 6 more times a year, that produces a 32% to 48% return, or $16k to $24k earnings in a year doing no work at all, and it is perfectly legal.

It's a science but not a perfect one.

Whether you go for it all at once or take baby steps, I think real estate investing is the perfect "part-time job" to create wealth.  

In a perfect world, all lease option buyers buy, and they all pay rent in the meantime prior to exercising.

Just because sex wasn't mentioned in the contract doesn't mean your not getting busted for prostitution because the intent, regardless of the verbal contract details, was sex for money.Wholesaling if done correct is perfectly legal, you can most certainly assign your interest in a contract. 

I find this helps to find the perfect price point to set to maximize rent and minimize time on market.

I've purchased a used fridge for $200 that has done well for me over the years. some people prefer to buy new fridges rather than clean out their existing perfectly good one, and those discarded units taken away from an new purchase delivery are the ones that I usually end up buying once the retailer cleans them out and makes 100% profit.

But I do, as should all investors, recognize that there are interests involved that are not perfectly aligned with mine and so have to act / think accordingly.On the PM side of things, if you have not done so yet, should do a search of East vs.