The new investment earns $24,000 a year, but the mortgage + the equity loan cost will be $22,332—and that’s before you account for taxes, insurance, maintenance, capital expenditures, vacancies, etc.

Partner Driven financed the Linda Street deal using its own capital, covering the $200,000 purchase price and $34,000 in renovation costs.

So please feel free to reach out! 

Have you seen a positive impact in your STR besides the initial cost savings? 

Also, please bear in mind costs; some states could have annual fees for an LLC in the hundreds of dollars (e.g., California),  whilst other states have no such fees (Texas).

Thanks  Juan, I'm just curious, what do you think the sheds will cost to buy, transport, set up, etc? 

Partner Driven financed the Stanislaus Ave deal using its own capital, covering the $165,000 purchase price and $54,000 in renovation costs.

If you have any questions please feel free to reach out and best of luck to you. 

Hi @Irving Rivera - I think the old saying that "You get what you pay for" holds true in real estate investing too.I think Chicago neighborhoods like Garfield Park are great IF you have the right team and MOST IMPORTANTLY THE RIGHT TEAM COSTS $$$. 

When someone offers to pay a large amount up front, it's typically because they are enticing you to not look deeply into their past, or they are trying to jump the line ahead of other applicants.