I see more people want a fixer so that they can make improvements to the place and increase equity, and then get stuck when they realize that they don’t have the cash resources to do the work.

City of Joliet still looking to vastly increase fees on landlords, possible license and fee for all landlords and inspections of all single family rental properties.

Negotiation wise, unit listed at 30K...my parents were confident we could get 26-27K, so we started at 25K and met in the middle.

@John Bastidas I wouldn't do a deal that is "in the process of having the fines reduced" unless you are confident that it will work to your satisfaction.

Hi Amul,You will want to buy a property that is under market value and do some renovation to increase the value, so when you refinance, you will be able to get your initial capital back.

This is because my job pays good and have couple several salary increases scheduled.

With rates moving higher, it is likely that your rate will increase in the future.

I know that I should buy not based on speculation but cash-flow or at least that's what I've been reading but I'm supremely confident in property appreciation due to Amazon coming in.Note:I recently created my BiggerPockets account a month ago and have been reading and researching to build my wealth through long term buy/hold out-of-state investment properties.

Doing this will both increase cash flow and increase the value of the property.

Will increase your chances of being featured in the New and Noteworthy section on iTunes.