NWI multi-family properties advice

[Tom Kaz]

Morning BP!

I’m an investor from Chicago Illinois with a cash-flowing 4-unit under my belt looking to purchase my next investment buy and hold. The current Chicago market is so dry and overpriced it’s ridiculous, mix that with the rising taxes it’s making me think twice about purchasing another property here until our politicians stop robbing us.

This has turned my efforts into NWI, specifically near the border below and in Hammond Indiana (near merrillville, highland, Munster, Griffith, Dyer ect...) are these areas good for buy and holds long term in terms of obtaining tenants and keeping them long term? I will try to manage these myself as this “area” is only about 40-45 mins from my suburb home in Chicago. Are there certain areas in NWI TO STAY AWAY FROM, I know that anything in Gary and around it is pretty rough in terms of crime and presence.

Anyone willing to help me out and give me some advice? I’m either looking for cheap turnkey properties or ones that need minor work (2-4 units). I have a realtor here in Illinois, but I think it makes sense to reach out to one with knowledge in the NWI region, any good contacts I can reach out too?

I’m really trying to secure my second investment property and the tax/landlord friendly state seems like a good idea, just as long as it’s not in the “hood”.

Thanks and happy hump day!