Tell Me More

[Andrea Evans]

What’s the best and worst part about investing in Chicago as an out of state investor? I’m somewhat interested in the market. My first and only market as a newbie was Cincinnati but I’m no longer interested after a site visit.

[Tom Shallcross]

@Andrea Evans - Chicago is truly block by block, yet also has a population the size of Boston, Denver, Milwaukee and Nashville combined. Parlay those two facts along with the ins-and-outs of tenant-friendly RLTO, and you will need to fully commit to be successful. Scrolling through the MLS and using high-level rules of thumbs like the 1% rule or whatever won't do you any justice here. Thus lies the opportunity.

There are plenty of people doing fantastic things in Chicago and making a lot of money in the process here, but none of them are half-committed.