Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Buy & Hold or BRRRR Investors in N. Indiana/ SW Michigan/ IL
Does anyone know of a specific area for investing (BRRRR or hold) in northern Indiana, southwest Michigan, or even Illinois Chicago suburbs (my home)? Would love to chat with anyone experienced with buy & hold or BRRRR in these areas. Looking for single family homes with the below criteria:
- 3 bed 1+ bath, ~1000 square feet (or a 2 bed with enough square feet to potentially add 1 bedroom)
- Year Built:1960+, School ratings: 5+
- Discount purchase price: Repair needed but not a complete flip, ideally looking to buy at ~10% discount off fair market value.
- Purchase price anywhere from $75K-$150K
- Cash flow $100-$300 monthly
- Open to duplex/foreclosure/partnership opportunities as well, solid cash flow is my main goal starting out (first time investor here)