Delavan has come a LONG way recently and prices are shooting though the roof both for rents and to purchase. 

Hi All,I have only been in Chicago for 5 months and purchase my first investment property (house-hack).

Did you purchase this property all cash? 

I imagine the only way it would be possible is to do the bulk purchase in cash, sell off a couple and then put debt on them?

Purchase price: $230,000 Cash invested: $283,550 Sale price: $283,500 Purchased off market. $25,000 Rehab. $20,000 profit after realtor commission.

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

Last year, I purchased a SFH under market at 7.65% interest rate and did some rehab to up the value.

Quote from @Melissa Sejour: I am new to the real estate investing space and was wondering how do you go about researching the best areas to purchase properties?

The property is being purchased at 103 with an ARV of 375.

Our plan is to purchase again with a better mindset of turning that into a profitable rental.We have diligently completed all the necessary steps and are on the verge of signing a management agreement with a property manager.However, we are experiencing some doubts.  1.