I make about $75k-$85k a year depending on my sales.

It's a duplex unit and the other side has already been remodeled by another investor and is currently listed for sale at $159,000.

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

Think like a business, demand for product.

A 1031 defers a tax, your primary sale is tax free up to those limits. 

The program required half of the profits from the sale be paid back into the program.

Please no sales pitches or sales networking.  

Good -  No qualifying for loan, no personal liability for loan, possible low interest rate,Bad - Usual reasons seller willing to sell subject to are to obtain a higher sales price than for a sale requiring new loan, sell a property that doesn’t qualify for a new mortgage, sale an “unsaleable” property, or sell a property in poor condition.Ugly - Almost all mortgage loans have so called “due on sale or transfer” clauses, so many steps are needed to mitigate the risks of lender note acceleration.  

Purchase price: $375,000 Cash invested: $110,000 Sale price: $615,000 I was lucky enough to find a great deal on a foreclosure that needed mostly cosmetic work.

Purchase price: $74,500 Cash invested: $36,900 Sale price: $206,000 Rehabbed 3 bedroom 1 bath property on the South Side of Chicago.