Outside of real estate, I enjoy skiing in wintertime, basketball all other times and having fun with friends and family all aboard this crazy ride. 

Competition..However, most investors are not aware of off-market properties..But not any off-market, the undervalued ones.These Deals are gold..Most investors don’t know how to really get them .Some do direct mail , cold calling , chasing people down and begging for deals.And except to get those deals.The Thing is those deals are not on the radar for a reason.And to get those deals, there is a very simple set of requirements that need to be met and systems that have to be implemented .Once you know these requirements and systems, it's just a matter of executing them properly and with consistency..And the undervalued off-market deals will come to you.It really is that easy….I’ve getting off-market properties for over 3 years now without even working to get them.Like 2 years ago I got this off-market deal and it was just a piece of land in the desert .For real .And I took it for 20k.No one I know didn’t make fun of me.They call me stupid .But I trust the requirements and the systems.Now 3 years later this land is worth almost $700.000 ($642k).It's all thanks to the fact that I can find undervalued off-market properties..And no, I start with nothing and zero connections..But that doesn't matter, because you don't need to have the connections, to be a sweet talker or have millions in the bank.If you’re sick of finding deals .Then all you need to have are requirements and systems to get you off-market deals.But please just don’t think that cold calling is the way.It’s sad.I will write another post about the systems and requirements to get those deals.just be open-minded that there are systems to get off-market deals.And that’s why some investors make millions and some don’t .They have step-by-step systems that guarantee getting those deals.Thanks for reading,

Hey @Henry Lazerow - I would tend to agree that most of the NW side of Chicago 2-4 units don't play out perfectly well for BRRRR deals.I always looked at any potential house hack vs. having to rent - if my overall payments were less than the rent I generally considered that a win.For me...the house hack is just the ticket into the amusement park and then the fun rides come after...getting started can be overwhelming and hard so I can see why people might take a discount.I think one of the keys to strong equity creation is square footage creation which is basically what you outlined with duplexing up or down.

Rarely an issue, save for the abusive scenarios I mentioned.The fun part is education before you make any deals.

I'm primarily in a judicial foreclosure state and so that's where the fun lies for me because I create standing for myself to beat the bank/finance company at their own game and walk away with either the paper or the property free and clear.

Hi Nick, I've got to say without a doubt you were at the same auctions I've been going to on and off for years (more off than on, usually when I'm looking which I'm not right now, I'll simply check the Daily Reporter listings for the RARE higher $$ one and then see if its one of the minute % of them that have bids even worth bidding on and IF that all goes through, THEN I'd go but I've never found the least bit of "fun" or "excitement" there, it is boring as hell!)

He's having a post symposium meet up at Tuscany Suites & Casino at Marilyn's Cafe at 7am tomorrow.

It's truly the best way to building wealth and it's fun. 

I feel that it would not be fun for the rabbit to be in a cage 24/7.

Would be fun to watch.