Updated over 8 years ago on . Most recent reply
Chicago investors, advice needed
hello everyone and thank you for stopping by on my post. I am a new investor and looking to purchase my first 4 plex. I was hoping I would be able to find my building somewhere around the Chicago land area since I am based around that area, but the more I look at deals the more the numbers don't add up. at times the building prices are just outrageous and then it doesn't work or the taxes in the area kill the deal. so I have been considering perhaps getting my four plex in the Indiana where thing might be a little more manageable. areas such as merriville, dyer, monster..etc. was hoping if anyone had any ideas for this young investor. also if anyone is will to provide a little mentorship, it will be greatly appreciated. Thank you everyone once again.
Most Popular Reply
Cmon you guys, if you are from Chicago talking about Chicago, you can't use the term 4 plex. here they are 4 flats.
Good luck in your search. in the city, the north side is solid and appreciates but you aren't going to find good cash flow from the start.
Other areas can find good cash flow if you section 8 but they don't appreciate and you deal with plenty of other issues.
Indiana does have some deals and better landlord tenant laws for the landlord.