This collaboration underscores the importance of strong partnerships and local insights in identifying and negotiating profitable real estate opportunities.

The original lease was provided by the Real Estate company who listed our place for rent and secured my tenants. 

We are not new to real estate as we are flippers and rental property owners.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

This collaboration underscores the importance of strong partnerships and local insights in identifying and negotiating profitable real estate opportunities.

I have always had a passion for real estate investing just never known how to get started.

I agree with your thesis...deal flow IS real estate investing.Baseball is good training for REI...takes discipline and persistence after adversity. 

I am 19 years old and I’m about to buy my first rental. Looking for tips and help to add another property!

This collaboration underscores the importance of strong partnerships and local insights in identifying and negotiating profitable real estate opportunities.

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 $$$.