BRRRR on Chicago Southside

[Stephen Taylor]

I'm a new investor in the Chicago area looking to purchase my first buy and hold. I'm interested to know if there are areas on the South Side or South Suburbs where the BRRRR strategy would be effective?

[John Westbrook]

Hi @Stephen Taylor! BRRRR is not tied down to any single neighborhood or price point. Think of it like this, if there is enough "meat on the bone" when you buy it, and then create even more value after the rehab to have 20-25% equity in the deal, it's probably a deal you should consider. Doesn't matter on the exact neighborhood, it's far more important that you understand what the value(rent or sale comps) will be after the rehab.

-JW