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Updated over 7 years ago,
Chicago out of state investor
Hi all,
I am looking to BRRR in some of the below out of state markets and would love thoughts. I recently moved to SF from NYC, but grew up in Chicago. I am looking for 4 unit properties with value add opportunities through repairs. It has been difficult to build a team while looking in so many different places, so I hope to refine. I think sending mailers to a specific group of sellers will be the best way to find off market deals with my criteria, and I am trying to learn the process and would love suggestions on search criteria that have been helpful when creating sellers lists, and what list broker you found most helpful.
Oak Park, IL
Jefferson Park, Chicago
Wicker Park, Chicago
Bucktown, Chicago
Logan Square, Chicago
Humbolt Park, Chicago (nicer east pockets by Wicker Park)
Hazel Crest, IL
Homework, IL
Floosmoor, IL
Tinley Park, IL
"Northwest Indiana".. not that familiar to be honest
Where in greater Chicago am I skipping?
Finally, I struggle to quickly get from address to offer. I want to quickly take an address and figure out number of bedrooms, baths, cap rates, repair estimates, to quickly have a set formula I can use to make offers. If anyone has advice there, it is appreciated.
Thanks!
Julius