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31 January 2025 | 2 replies
.✅ Hands-On Experience – If you plan to grow your real estate portfolio, managing tenants yourself can teach you valuable lessons about leases, maintenance, and local rental laws.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.
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21 February 2025 | 7 replies
Focus on getting pre-approved, analyzing deals in both cities, and networking with local investors to refine your approach.
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4 February 2025 | 1 reply
Also does your locality allow you to work on investment properties?
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20 February 2025 | 7 replies
I'll just add a local perspective: North Atlanta ie city, Sandy Springs, or Alpharetta?
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13 February 2025 | 14 replies
We are fortunate to take on a lot of doors from local PMCs who drop the ball, and invariably, poor communication is near the top of the list for complaints.
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30 January 2025 | 13 replies
Wrapping 3 properties into one blanket loan shouldn't be a problem, save these are sitting on any sizeable acreage.You might get lucky and find a unicorn local bank or credit union that would consider that kind of leverage, but I would say overall, those terms are very unrealistic.Cheers!
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6 February 2025 | 28 replies
Sometimes cities will allow this, but it depends on local zoning rules.If neither option works, it might be worth consulting a real estate attorney to explore your options.
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3 February 2025 | 0 replies
Conversation in local Bar, say I would pay all CASH How did you finance this deal?
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2 February 2025 | 14 replies
Try to get preapproved from a local loan broker or Co-op.
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13 February 2025 | 5 replies
@Emma Whear I might suggest you talk to a local real estate attorney (or another owner of a similar property) to make sure you prepare yourself if/when the City's blind eye starts being able to see ;-)