Bonus if it's a duplex or triplex, but you can do this with a regular old house.

The hot Texas sun is blocked and kids can play all year.

@Thomas Kelly I would offer 130k, sell it for 150k, the end buyer gonna spend 20k between rehab & closing cost, all in for 170k, which is roughly 70% ARV You can play with those numbers a little bit but I wouldn’t go much higher than that because you’re in Illinois and you can’t wholesale there, you gonna have a to double close which increase your cost.

Obviously it plays a part, but how much is it just a response to other larger market forces? 

And bonus if you can do short term rentals.Rates are great right now (still), but should be going up in 2022, so another reason to act now.

@Dan Portka , I will keep you in mind :) Yes, I am looking for a local real estate club as well; I heard of a group playing the Cash Flow Game in Irvine.

Our agent negotiated really well, so she gets a nice bonus on top (thanks Angie!).

Our agent negotiated really well, so she gets a nice bonus on top (thanks Angie!).

I understand the 1% and 2% rules for buying, but how does repairs to get a place livable come into play with renting? 

Terry Burger (a 7 Figure Flipping board member and REI professional) hired someone to answer calls live and paid them $12 an hour with a bonus if a deal closed.