Nothing in this post should be construed as, or relied upon, as legal advice or as creating a CPA-client relationship.]

Id also recommend if this is your first investment property your buying to have it as close to home as possible.

Some went through the process of signing the NDA, providing proof of funds, and having multiple conversations, only to end up ghosting me.I think what a lot of this comes down to is that many people start looking for a business before they’ve figured out for themselves what it is they really want, and what they can actually execute on.Here are a couple of the common misconceptions I encountered from buyers:🚫 You can close on multiple acquisitions within a year.Sure, it can be done.

How much are closing costs?

You also have the option to close these DSCR loans in your LLC as opposed to your personal name.Our team finances just shy of 100 DSCR loans on a monthly basis.

An LLC is useful for two things: anonymity and legal protection.

I can be patient, but I like to take action quickly.If I were to save for a decade (reserves + downpayment + closing costs), would I have been better off acquiring out of state properties or essentially being a bit of a slum lord to scale my portfolio faster to build equity?

A licensed agent can do all the things a wholesaler can do, and is a proven business model where the same hustle that any successful wholesaler brings to the table can be rewarded 10-fold more, with little in the way of legal obstacles.

is it as bad as we hear it is.The property is located around Greater Grand Crossing Close to E 71st street and the 94 highway.Greater Grand Crossing is violent, even by Chicago standards.

The property is in a great location,  close to stores, restaurants, fair grounds, freeway access, and less than a mile from hospital.