2 Questions.

General Real Estate Investing
1

Greetings all,

Real quick for those who don’t know. I bought a 2 unit 3 years ago, sold for loss, learned what went well, what went wrong, got out the “game”, am back again, ready to start over with better knowledge AND patience.
Ready to make my “first” purchase for the “second” time. But I do have two questions for you vets. Especially those in IL.

  1. Who do you know that I should know?
  2. What would you do if you were me?
    Giving credit… Gary Keller - “The Millionaire Real Estate Investor”
2

Question 1
-How to cash flow (extremely critical)?
-How to deal with tenants (extremely critical)?

Question 2
-Buy only great deals.
-Follow your lease to the T.
-Don’t pay utilities unless its a deal of a life time.

Very few investors know how to cash flow a property. Learn or fail.