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Updated over 3 years ago, 06/11/2021

User Stats

17
Posts
4
Votes
Maxim K.
  • Homeowner
  • Queens, NY
4
Votes |
17
Posts

Apartment building advice

Maxim K.
  • Homeowner
  • Queens, NY
Posted

Hello real estate community .

I’m looking to expand my small portfolio of 3 doors.

After listening to podcasts and talking to people , it made me feel that Apartment buildings is pretty solid wealth building tool.

I would like to put my hands on 6-15 unit building.

Based on finances I’m thinking price point of 400-700k. It looks like there are some markets that have inventory in such price range (Ohio, Illinois, Pa, AL )

If you can help me with pointing out in the right direction, I would appreciate it.

If anyone familiar with these markets and would like to share their experience , please let me know .

It looks like Chicago and southern Chicago has a lot of inventory , rent is high , but so are taxes. Am I missing anything? Is that a bad market?

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