A good GC is worth his weight in gold and should be paid a premium price.Joe Gore

Everyone thinks they're selling gold (and in some ways they're right).The only 2 things I can offer before you move on is:1.

Unless you are great at getting private money at attractive rates you are going to need the banks money.He who has the gold makes the rules.

I've been reading through a few posts here and got mixed feedback about condo rentals.I'm currently focusing on doing condo buy and holds in the most popular neighborhoods in Chicago (Gold Coast, Old Town, Lincoln Park, Lakeview).

They are worth their weight in GOLD.

I find there's always a gold nuggets of information in each one and I go back to listen to a number of them multiple times.If you appreciate a post that a fellow member put up responding to you be sure to say "Thank You!"

I find there's always a gold nuggets of information in each one and I go back to listen to a number of them multiple times.

I find there's always a gold nuggets of information in each one and I go back to listen to a number of them multiple times.

Property is on Gold Coast of Chicago, rented below market and still cash flowing a couple hundred a month.The plan for the money is to refresh the Condo and raise the rent (still below or on low end of market) to more than cover the additional amount of the payment.Balance of the cash is going to be used to buy & renovate another property which will net $400/month cash/month after renovation.Credit scores are over 700, only debt is home mortgage.

Since a good contractor is like gold, I haven't found rehabbers willing to share.