Rental Property Investor · Chicago, IL · Member since 2015 · 14 posts · 6 votes
I am a investor and looking to network with locals to find deals.I Currently own 1 duplex in Chicago and manage a 3 unit store front in Rockford Il. I work in the construction industry as a electrical engineer designing high rise apartment building in chicago il. My goal is to buy my own apartment building 10+ units.
Hi, I'm looking at Rockford with regards to SFR and multifamily albeit at a distance from CA. Would love to to chat with both to learn more about your insights to date. Happy investing!
From what I see in the Rockford market is high cash flow properties. One thing you won't see is major equity increase. Also it's hard to sell At least in commercial buildings. I'v been looking at apartment complexes around alpine and state area. It's a a stable area( my opinion). My investment is around broadway south west of downtown area.
I saw a 20 unit building for sale for $250k with rents at $625. Rents can go up to $750 from my research. But when it comes time to sell I wouldn't be able to dump it as fast as I would in Chicago.
What do you guys think, what have you seen?