New Construction in Chicago

[Veronica Joyner]

Hi,

I’m considered a small investor. I own a couple of units free and clear, a small commercial building, and I have a lot of equity in my home.

I’d love to switch gears and trying new construction. I see some reasonably priced lots in up in coming areas and first thought, a multi unit would fit perfectly in that spot/neighborhood.

I briefly spoke with my loan guy, but moving forward seems overwhelming given my lack of experience. The closest experience I have is a gut I did to one of my units. The outcome was amazing. The lucky tenant was willing to pay $200 more than asking and signed a 2 year lease.

Any advice, suggestions for moving forward?

Thanks