During that 7-year time period, the median number of sales per year was 1259, about the same as in 2024.

She does not own the lot and pays like $150 per month lot rent.

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

., you may loose legal liability protection in Illinois if you are investing in Illinois with an LLC located in Michigan and you'll be paying taxes to the two states in most cases. 

Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

One tip I have for you when it comes to finding an agent or lender go to the top of this page under BUILD YOUR INVESTING TEAM and click on AGENTS & LENDERSFrom there you will be asked a series of questions and then you'll be matched with 3-5 agents/lenders.

The renter has given you the money to cover your borrowing costs and pay for the home's upkeep. 

My excess cash flow per year is around $300k in cash, meaning theoretically I could do 6 deals, but in order to make that salary (HHI $722k) I need someone with the time to do the repairs and manage the tenants.

So anyone who advertises or uses ANY marketing technique, can really advance businesses here. 

Quote from @Cameron Moore: Exactly. 15 years ago, I noticed an increase in owners using insurance to pay for a replacement roof, usually to sweeten the pot during a sale.