Have slowly gotten my start in Chicago Real Estate in the last few years. Started with a single condo unit, moved on to a 4 unit building in Portage Park. Realizing a lot of the headache for a condo is similar for a 4...
Can someone please help me to understand the pros and cons. Buy a home for $55k cash that cash flows or finance 2 homes for $110k total that cash flows and pay the $30k 20% down payment?
I am working a deal where original investor (seller) has 14 duplexes and SFH's he's wanting to sell. I initially thought I'd need a commercial loan and talking with few local lenders, but if they are houses on differe...
I am new to investing in flips and rents. I have an investor providing capital for my venture allowing me to do the sweat equity - hands free. I have recently purchased the 90hr real estate course to get my license in...
Hello,
I just purchased a property through a hard money lender who loaned the $$ to my LLC. My plan was to refinance into a conventional mortgage to pay my lender back. I went to refinance and the bank won't loan to...
When you are looking to hire property management, what are you non-negotiables? And why would you hire property management when you are local to your investment property?
Hi All,
Last week, I quit a really good job to take on Real Estate Full time. I have been passively doing real estate for about 10 years (selling and helping friends buy). It's a passion of mine however, in an effort...
Newbie here. We have some cash to invest and looking at getting started in real estate. Curious if it’s better to pay cash for some of the first few properties to get an easier start (no dealing w/ lenders) and a cash...
Hello everyone. I'm sure this question has been asked before, so I apologize. I just purchased my first rental property on Dec. 29th. In order to do this, I took out a HELOC on my primary residence. My plan is to appl...
Hey BPers!A bit stuck in a REI conundrum. Last summer I completed a 1031 exchange and picked up two properties (financed) and one cash purchase. After rehabbing the cash purchase (purchase of $65K, rehab of $7K), I r...