Additionally, we have paused the approval process for the 72-unit rental building due to the current uncertainties and complexities involved.Our original plan has been disrupted, but we believe in the potential of Corktown—a rapidly developing area with immense promise.

Great area to buy in, house was all original 1978 brick ranch.

What your deal would ultimately entail is a buyer who trusts you enough to give you $125k and trust you to pay it back while his property is encumbered by both your seller finance note and your original mortgage for $125k.

In addtion when the net investment property is ready or on the ARV you can do the same thing pull cash out and pay off the original amount and use the rest for another down payment.

That said, an umbrella doesn't have anything to do with the original question of the thread. 

2 years later in Nov 2024, i am checking in to see everyone's opinion to the question on the original post. - What do you think will be theNext gentrifying neighborhoods in and around Chicago?

Property was originally listed for $1.2mm this past year they’ve done multiple price decreases to $699k.

Original costs were low enough that we paid them off within 10 yrs and in spite of operating cost increases of ret, Ins and r&m benefited from cash all along.

I was originally thinking about purchasing all four but am so glad I started small with one.

He then proceed go down $50k on their original offering to me because of the scope, amount of money, and my (apparently) my newfound lack of “experience”.