As a beginner, you can learn a lot from your uncle with a few rentals in another state or a co-worker who's on their second house hack.

As a beginner, you can learn a lot from your uncle with a few rentals in another state or a co-worker who's on their second house hack.

Rogers Park, Albany Park, Avondale, Irving Park, West Town, Portage Park, Pilsen, Mckinley Park/bridgeport.We find cashflow by bringing rents to market (typically a 25%+ bump vs what they are being sold rented at) so you need know what looking for when scanning the deals and 4 units are what tends to work best.

It was my uncle's free and clear townhome.

Most of my uncles want to sell the property and be done with it, but my Dad and I were thinking this could be an opportunity to start REI.

Why bother paying somebody/entity 6%-8% for years for your own money when you can just pay uncle sam once! 

A private loan or rich uncle is another example.The alternative with a mortgage is that you have to BRRRR sequentially, not in parallel. 

On January 25, 2024 my "uncle in-law" had a house fire and almost died, thank goodness for his house mate. 

Thanks so much for the reply Roger. 

Ok @Jeramey Rogers.