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Updated over 2 years ago,
Strategy for Chicago Multi-Family Market at 6%+ Interest Rates?
I'm pivoting from Chicago SFH investing to multifamily (South Side), but I wish I had arrived to the party 6 months earlier. With investor mortgage rates above 6% plus points, prices on the South Side barely meeting the 1% rule, property tax increases, and the prospect of even higher rates if a cash-out refi is done on a value-add MF 6 months from now, how are you playing the Chicago multi-family market currently? Are you continuing to pursue deals? Are you waiting for a fall/winter price cool down? Are you waiting for bigger dips?