Partner Driven financed the Briar Oak deal using its own capital, covering the $74,900 purchase price and $43,000 in renovation costs.

It cost money to own a house and people normally allocate a percentage of the revenue towards repair, capex, vacancy and property management.

First, determine what your lender offers in terms of Loan-to-Cost (LTC) for acquisitions and the maximum Loan-to-Value (LTV) for a seasoned cash-out refinance.

The company stated, "The closings were brought about by the rising cost of doing business in California."

Although no major renovations were needed, our effective negotiation and rapid transaction management significantly increased the property's market value.

Presented by Premier Law PLLCAccording to Florida tax regulations, real property without a homestead exemption is eligible for a 10% cap on annual increases in its assessed value for real property tax purposes.

And even if the ADU was on your side the cost and time to do it is such a waste when there are some many other buildings/deals in Chicago. 

The next steps will involve accurate construction cost estimates by a licensed contractor (or two) and connecting with a lender (possibly current local bank) for construction financing.

We are at likely record high price to rent ratios (like much of the country) without much upside on rent growth in the mid-term paired with steeply rising taxes, financing, and insurance costs.

Successful 4 year rental with annual rent increases and a great asset that both appreciated and depreciated at the same time.