@GravityPropertyManagement Purchase: $310,000Rehab: $350,000Gross Income Annualized: $100,800Appraised Value Post Stabilization: $1,010,00Cash Out 70% LTV: $700,000

I just purchased my first rental in the area.

The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP. 

I purchased a somewhat run down vacant auto repair facility with all equipment in tack for about $115,000 in 1981.  

Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it.

Plus, the real estate market here is still relatively affordable compared to many other major cities, allowing for more attractive purchase prices and potential returns.

Several PMS's will either include damage insurance or allow you to purchase damage insurance through them. 

The area is on the up up being sandwiched between the United Center and Oak Park...for sure block by block still so be sure to go there at night.What do the numbers look like for the purchase price and why is the seller selling?

We are super excited and in the process of purchasing a home to turn into residential assisted living space which our community desperately needs.

Hi, I'm an out of state investor looking to connect with an experienced RE agent to purchase unrestricted infill lots to develop a duplex.