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Updated 12 months ago,
Advice on Fix & Flips in Englewood Chicago
My name is Manny and I am interested in buying a property in West Englewood neighborhood of Chicago IL. I am from San Diego, California and I travel frequently out of state to buy property. Property in my city is out of my budget. The off-market property I found in West Englewood is affordable. My goal is to fix and sell it for a profit. I am able to purchase it for 20% of the purchase price of similar comps in the area. I am nervous, mainly because this is new to me as I am unfamiliar with the Chicago market and I read West Englewood is known for crime. Can anyone share advice on flipping properties in a not so nice neighborhood? Whether or not I should jump into a rehab project in this area. Any information, contacts, and advice is greatly appreciated