I was initially looking to buy a lot in Northern IL, and my agent alerted me that there have been some scams where people are posing as the owners of lots that they do not truly own, and then somehow potential buyer gets taken for the EMD.

@Collin H.With credit card defaults and auto defaults on the rise as well as overall debt - people will start tightening the belts and first thing they will get rid of is spending on travel and vacations etc So reading this I am not surprised - how has 2024 been compared overall to last year ?

I wouldn't touch this property with someone else's 10 foot pole.I don't do ANYTHING with foundation work.There are people who do, and that's awesome for them.

It's a bit of a quiet area but local people may find a STR of interest there.

I’ve heard of people getting rehab loans where you put down %20 of the acquisition price and %20 for the rehab and you get much better terms than an HML.

@Michael PlaksIntro to other people isn’t self serving.

I am hoping to meet people who I can learn and grow from and want to invest in me and what I'm capable of. 

I keep hearing how people are cost segregating, but I have pushed my accountant numerous times on this and he just saying that if we did the cost seg, all of that depreciation would just go into a reserve that would then be applied when we sell the home. 

The people who continue grinding will be ahead of the curve when it becomes a buyer's market.

I have implemented a system where I call people 45 minutes before they are scheduled to come view a unit.