Quote from @Ritu Mahajan:If I were starting out in Chicago today, I would reach out to @Mark Ainley.

In addition due to prop 13, the tax base is a fraction of if it sold today.   

Today (one day before closing) (December 5, 2024), my loan officer reached out to me and said a few things came up last minute and we will not be able to close tomorrow--in fact we cannot close at all my the rate lock which ends tomorrow and he cannot extend it.

We also have to remind ourselves that real estate is for the long run, meaning a D class neighborhood today could be a B class neighborhood in a few years. 

This will serve as proof of notice sent.I encourage you to do this today. 

You simply can't be cash-poor today or you're toast.I suppose "Only when the tide goes out do you learn who has been swimming naked.” - Warren Buffett

We've been doing this since 2019.I know Detroit isn't Ohio, but they're pretty similar.We aren't seeing cash flow in A or B areas today.

If you want to start investing today (everyone does) what can you sacrifice to get it done? 

With todays borrowing rates it’s inconsequential.

I have been out of the country and just seeing this today.