Started my first flip in South Holland IL- looking for another

[Karl Lathus]

I am very happy to say that i started my first rehab this week! It is located in South Holland IL. I am looking to keep things moving as soon as i get done with this. I should have the capital to purchase my next one soon. I would like to stay in the south chicago suburbs market. Anyone have any tips on what neighborhoods are best right now that you can get deal on a distressed property for under $90K and ARV around 200K. Any tips are helpful!

[Bora Yalcin]

Hi @Karl Lathus,

Congratulations on your first flip! Is this your first time investing real estate or have you had a role in other types of real estate deals (buy and hold, wholesale, lending, etc.)?

I recently finished rehab on my first investment property in the South Chicago suburbs market, and would love to hear more about your project as it progresses. I decided to go the rental route, as my strategy involves buy and hold and more of an emphasis on cash flow.

With that said flipping has intrigued me, I mean the payout sounds great. 

If you’re looking for some good deals take a look at Steger, Matteson, Richton Park, Crete, and Monee to name a few. You might be able to find some deals that make sense to you. Like I said, I haven’t looked at these areas from a flippers standpoint, but based on my research you can find good deals in decent neighborhoods, might be worth your time.