My family owns and manages ~15 properties in Illinois.

I currently own one rental property and looking for adding at least one more in 2025.

Hello All,So there is this multi family property I am very interested.

📍 Property: 88 Innis Ave, Columbus, OH 43207💰 Bought for $1,000, Sold for $40,000📅 Total investment: $5,170.36📝 Licensing Fee: $3,000⏳ Processing time: 58 days from purchase to disbursement🔑 Key Numbers:Profit: $34,829.64ROI: 673.64%Annualized IRR: 4098%Ever wonder how land entitlements can deliver these kinds of returns?

This property holds a lot of sentimental value for me, and I’m excited to see it contributing to my investment portfolio.

That's terrible, considering I can get a CD for 4% for 10 years, or an annuity at 6% for 10 years.Management companies want 20%, and property taxes and home insurance keep rising, considering I have no homestead exemption, so I am capped at 10%, not at 3%, and home insurance can do what it wants.Could someone please tell me where I am wrong, because in this case, it does not seem that this real estate is a good investment at all.

I have lived here for over 10 years(lived in Roswell right next door prior to that) and own many properties here.

@Sean Kirk There are ibuyers that are out there that are willing to pay a little bit of discounted price on a property.

Hi everyone, I have it as a goal next year to buy one investment property so I need to learn as much as possible about the process for doing so.

Is property management normally part of this arrangement?