Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 4 months ago on . Most recent reply
Chicago Rental Properties
Hello,
I am new to real estate investing and want to buy rental properties within Chicago and surrounding areas. In what areas would you recommend I buy my first rental property? I am interested in multi family rentals, single family, and utilizing the BRRR method. Thanks in advance for any advice!
Most Popular Reply
#3 New Member Introductions Contributor
- Real Estate Broker
- Houston | Dallas | Austin, TX
- 2,331
- Votes |
- 4,370
- Posts
#3 New Member Introductions Contributor
- Real Estate Broker
- Houston | Dallas | Austin, TX
Chicago neighborhoods and suburbs are ideal for rental properties and Building Reconstruction Redevelopment (BRRRRR) due to proximity to major development projects, affordable multi-family units, and strong rental demand. To use the BRRRR method, target 2-4 unit properties, look for emerging neighborhoods, network with local contractors, factor in property taxes, and work with an investor-friendly agent.
Good luck!
- Wale Lawal
- [email protected]
- (832) 776-9582
- Podcast Guest on Show #469