Chicago Market

[Lauren Apicella]

Hey all! I'm new to the forum - live in a suburb of Chicago.

I'm looking to get into investing, but wanted advice.

I've heard from others that now is a bad time to start investing, and most investors are selling off their inventory as we are going into a buyers market.

Thoughts? Input?

[Eric X.]

@Lauren Apicella

Hi Lauren

I am also an agent/investor in Naperville.  I tend to invest in more B areas and I have found that multi family units typically don't have the returns I'm looking for unless you are going into the aurora, joliet area. Single family homes, townhomes for me have had much better returns. 

If you don't mind more B- or C+ areas you can get pretty good returns in Aurora & Joliet areas.  I always keep my eye out on multi family properties but the returns don't make sense yet. 

If you have the ability to buy with cash, then single units/townhomes have provided much better returns for me. MLS is pretty poor these days in the western suburbs.