Here's what you'll want to consider....Look at the existing bylaws.

Facts to consider: The condo is in my husbands name, has been for about 5 years so the capital gains taxes would be ours to pay upon sale.

If that isn’t your thing, possibly consider looking into an area that is going to appreciate.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

hello, I have been researching like crazy to make my first deal. I was wondering if buying a long term rental property with tenants already in place in a market that is up 20% yoy is a good investement or not. the rou...

If you're seeking a reliable income stream, consider checking out Cleveland OH.

Great points to consider.

The stigma of bad/crazy/poor/drug-using tenants has always deterred me from considering renting to those who have vouchers.

This would only be the 2nd tenant I've had at my first rental property, which was my family's previous home, and I really, so I really don't want to put myself at risk of having to go through legal hurdles if there's issues with her, so I'm strongly considering looking for a new tenant.

Better to consider northwest Indiana.If you are set on buying in Chicago, follow the L lines and check out the South and southwest sides.