Run conservative numbers when figuring out how much you'll be able to get from selling your property when deciding to venture into this to make sure everything makes sense.

They might offer better terms or be more flexible in such situations.Partnerships and Investors:Bring in Investors: Your friend might find investors interested in contributing capital in exchange for equity in the property.Form Partnerships: Consider forming a joint venture with a developer or another property owner who can provide the necessary capital for rebuilding.Similar Experiences and AdviceCase Studies: Researching similar cases can provide insight into how others have handled such situations.

Congrats and hope your successful on your ventures.

My partner and I are eager to embark on our first real estate venture by acquiring a long-term rental apartment in downtown Chicago.

Usually wholesaling works best as a side venture while buy/hold is the main focus.

Very happy for you taking the leap into Real estate investing, it's a venture that some folks never get off the sidelines for.

And may pivot to other ventures while leaving certain assets in place.

Congrats on this venture - new construction (for the first time) is incredibly complex and exciting!

This will help us enhance our investment ventures and gain more knowledge about the industry.

I would venture a guess that the state of PROFITABLE is the primary importance.