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Updated over 6 years ago on . Most recent reply

User Stats

9
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2
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Kendra L Lee
  • Dallas, TX
2
Votes |
9
Posts

Advice on Buying in Englewood Chicago

Kendra L Lee
  • Dallas, TX
Posted

My name is Kendra and I am interested in buying a property in West Englewood neighborhood in Chicago IL. I am located in Dallas, TX. The property is affordable and I can fix it up to add equity and increase revenue. I am nervous, mainly because this is new to me, but I am confident that I can do this. Can anyone share advice on managing properties in a not so nice neighborhood? Whether or not I should jump into an apartment building that needs to be rehabbed on my first deal, even though it is income producing? Any advice about rehab funds in Chicago or folks I should reach out to in order to successfully make this happen? Any information, contacts, and advice is greatly appreciated.

Most Popular Reply

User Stats

318
Posts
307
Votes
Ibn Abney
  • Rental Property Investor
  • Chicago, IL
307
Votes |
318
Posts
Ibn Abney
  • Rental Property Investor
  • Chicago, IL
Replied

@Account Closed Wasn't Oakland once a murder Capital? Within the past 10 yrs or so? Before San Fran went crazy, now folks are pouring across to Oakland?

I tell people ALL the Time. I am from Brooklyn NY. You probably wouldn't like my "hood" back in the 80s but now tears-downs are $900K+, as Manhattan cap rates fell.

Put feet on the ground and stop watching Fox News. South side Chicago is Next!!! Always happy to show out of state investors around! :-)

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