I really appreciate the share.Buying that volume of Chicago tax liens has to be a good long-term play...I'd love to understand their strategy and thought process.For those who didn't want to do the math that is $4,000 per tax lien which just seems ridiculous lol

This is clearly a strategy many people utilize and have had success with, but many gurus have preached this as a sure thing, when it is anything but.The risks you are taking on is: not truly knowing the market, not truly knowing your tenants, not truly knowing your property.  

No consideration of tax implications, the investors experience or aptitude for operating this strategy. 

Managing a rental is nearly a full-time job, especially if you're tailoring the property to your guest avatar, always staying on top of the local market, and learning pricing strategy like the back of your hand.  5.

also you should know that san diego is #1 most appreciated city in US for 2023, so all strategy that work in san diego is appreciation , in appreciation town SF is the name of the game , dont focus outside of your market, invest locally, the hidden gem is at your own backyard.

Also you need to need to know your strategy: BRRRR or turnkey rentals? 

Also, happy to connect and talk strategy and the 2024 Chicago real estate market!

I love the primary home strategy. 

I’ve seen a few people I’ve interacted with start out with this strategy, however in the forums I’ve been mostly hearing all things wrong versus here is how you can do it and be successful.

We are a seasonal market and I make most of my money on my STR in the spring/summer/fall but it's not totally dead in the winter so if you weren't getting any bookings or occupancy fell below 50% you need to work to optimize your off season booking strategy.5) It sucks but if you can't meet the minimum payments and/or your credit doesn't start to recover then you may want to seriously consider selling the property to get everything paid off.