I had (2) HOA fees on a South Loop condo we rented out, but we only know about one and ended up getting taken to court over it

I still want to continue to invest in my backyard so I think I’ll always keep an eye open for potential seller financing opportunities, especially with how high these prices are.

Similar with a SFH: I can at least get in the market with a 5% conventional loan not expecting cash flow but hoping appreciation will help me out in the next 2+ years and I will at least be able to put up the remainder of the expenses since I do live with my parents.I am young so I could be overthinking, but my end goal is to have a portfolio where I can cash flow enough within the next 5-15 years to let go of my job (5k clean a month).

If you have a worn out property with a lot of deferred maintenance in a lower end area that does not typically have the best tenants, then it may be worth it, because you will have more calls, more tenant issues, harder time leasing, more turnover work, etc.

lately, I’ve been thinking about many different strategies regarding real estate.I originally did wholesaling for a few months but ended up stopping bc it just took up too much of my time especially with my full time job.second, I thought of having rentals but I was hesitant bc I live in NJ & the rental laws here aren’t the greatest and it’s hardly any deals that can justify for the rent to cover the mortage in this expensive market.Right now ive been thinking about possibly flipping properties in my own back yard NJ or possibly out of state where home prices are much lower in certain markets.Anyone have advice if I should possibly flip properties where I live in NJ (blue state) or possibly go into another market and flip virtually..?

Now granted that has gone off the rails because I have decided to change our focus because my end goals changed, but doing the exercise helps create the path to walk and figure out what the next steps are.

But I was telling what I would do in their situation.Long story short, they ended up buying two duplexes.

After the contingency period ends, then the property is under contract.The contingency period is your time to get your inspections done and do your due diligence.

Mortgage rates declined to their lowest levels in over a year, a sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% range on government loans and in the mid-6% range for conventional mortgages.

I highly recommend them when the gov't takes your land for eminent domain issues.