If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

I am trying to figure out if it would be worth it to just bite the bullet and ADU the basement because of the appreciation that I will receive.Interestingly, this property was on the market for over 100 days because the seller was firm on the price, but I was able to negotiate it down a bit.

Look at their marketing strategy.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

These enhancements not only improved its market appeal but also raised its value, transforming it into a desirable home that attracted buyers quickly.

I am trying to create a system around the transactions itself from writing the contract, coordinating title, marketing the property, to exactly who needs to be contacted and when...to me thats the only way to scale!

This decision can impact your time commitment and the overall profitability of your investment.Location: Focus on areas with strong rental demand, population growth, and good job markets.

.● Be aware of the average rents in the market.● Familiarize yourself with comparable properties (comps).● Understand what needs to be done in terms of improvements or renovations.● Be knowledgeable about the internal rate of return (IRR) for the investment.● Determine the anticipated holding term for the property.● Know the initial capitalization rate (going-in cap).● Project the exit capitalization rate (exit cap).When facing objections while raising capital, it's important to dig deeper to understand the true underlying concerns.

I'm going to run some details by you and I'd like all of you who feel you are qualified to advise me so I can learn how to properly analyze these deals and be more cognizant of potential pitfalls/mistakes:So, I found this property off market in a Chicago real estate investment group.

A heavily regulated market.