The price point that tends to work best in this area is in the low 300s, and with the 100k a year, you could probably pick up 1 LTR that cashflows a couple hundred a month each year.

KEEP POUNDING THE BIBLE OD ..BUY…LOW….

How can a newbie with low net worth & low income get started in CRE?

Buy hold investor, it’s a new build interest rates were at a all time low How did you find this deal and how did you negotiate it?

I have good credit (730+) and solid income.I am currently lined up for a conventional loan with ~15% down, 6.5% rate, and low closing costs but this would use up most of my liquid cash (minus emergency fund).

The height of each unit is about 8ft I believe.let me look up the sqft I believe it's a standard sized lot for chicago so about 3000 sqft Neighborhood is starting to see some nicer units rents are all higher but it's leans more low income I have a contact that is going to ask the alderman if I could build a separate unit and have the original as an adu architect suggested extending it as they believe it would be easier to get approval than a separate home

A condo comes out cheaper up front (generally) but how are the long term numbers compared when you factor in HOA and maintenance fees?

Slab easier and no water issues like a basement .. maybe less maintenance .. have to rip up concrete to access anything tho right?

I am merely using this to illustrate my point above because that's not something I would consider a competitive edge since it's a low barrier license.

Sell - Would prefer to avoid this to keep my low interest rate (3.3%) and avoid fees/taxes.