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Updated over 6 years ago on . Most recent reply

User Stats

24
Posts
15
Votes
Satish Subramanian
  • Rental Property Investor
  • Chicago, IL
15
Votes |
24
Posts

Newbie Under Contract in Chicago, IL

Satish Subramanian
  • Rental Property Investor
  • Chicago, IL
Posted

Hi Everyone!

I've been a longtime lurker of Bigger Pockets, but I've never gotten into the real estate game since I was moving around during to a 2-year rotational program. Now that I've settled in Chicago for the foreseeable future, I've been aggressively looking for a buy-and-hold/house hacking property and have luckily gone under contract for a 3-flat in Jefferson Park. The plan is to live in the top-unit and rent the other 2, while working my 9-5 marketing position. The goal is to use this as a practice run for more rental properties in the future.

We have 30 days to close, and it's going to be tight, but looking forward to finishing the process. We just did inspection, and I have so many questions about this place that I'm sure will start many discussions in the future. Looking forward to connecting with you all!

Most Popular Reply

User Stats

47
Posts
20
Votes
Justin Poulsen
  • Investor
  • Chicago, IL
20
Votes |
47
Posts
Justin Poulsen
  • Investor
  • Chicago, IL
Replied

Jefferson Park is a great neighborhood.  It seems like a lot of the planned development is near the blue line on the northwest side.  I think you picked a great area to start investing.

  • Justin Poulsen
  • Loading replies...