Hi was was wondering if anyone here in Chicago or surrounding areas have purchased from the cook county land bank and if so what kind of loan did u get if any to buy and fix it up or develop a property any info would be very helpful thanks

What education should i gain before purchasing my first rental property?

I was wrestling with a similar question when I bought my first rental property.

For new build to rent properties, expenses are generally lower than for older homes, but it's best to remain cautious.

Quote from @David O Smith: I have a property that is free and clear, with no liens.

Naturally, your relinquished property/properties must sell before you can take title to the new ones but at least it keeps distance between those time frames.

Purchase price: $50,000 Cash invested: $35,000 Sale price: $121,000 Contributors: Peter Vekselman Partner Driven and Kody Higginbotham purchased the W 10th St property in Crowley, LA, for $50,000 on 8/27/2024.

This allowed me to build a relationship with that seller who had the two adjoining properties.

The type of property that i am most interested, is Single Family properties & 1-4 Multi-FamilyInvestment Strategy: Out of the options you provided, I am most drawn to rentals.

Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated this home to create a premier vacation rental property.