Chicago to Indiana, targeting Hammond as my startup

[Daniel J.]

Hi All! I've been part of the BP community for a few years now and after countless hours of research podcasts, and networking I think its time to jump into the trenches. Needless to say I also invest most of my time managing construction projects throughout Chicago so this just makes sense. If you didn't guess, Chicago is my hometown but the market is too expensive and the returns are not worth the risk at my price point. However NWI and in particular Hammond looks like a great place to start as it is a 30-45 min ride and prices are reasonable. It appears a lot of these properties fall within the 2% rule and repairs are minimal. I am looking for a 2-3 unit or SFR in a B or C neighborhood that could/does cash flow and/or can be flipped. Does anyone have experience in these neighborhoods that could point me in the right direction? It would be great to see what Hammond quality homes are like so I can make sure to budget properly. Of course any potential deals are appreciated!