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Updated almost 5 years ago, 12/16/2019
:) NEWBIE LOOKING FOR FIRST BRRRR GREATER LITTLE VILLAGE AREA!
Hi everyone! This is my first post just like the title says I am looking for my first BRRRR multi family deal 2-4 units. I work in the RE industry although I am licensed agent I do not close deals. I am in B2B sales for a brokerage. Going to be investing in my first deal once I can find the right property. Focusing on the Little Village to Berwyn area. Maybe even a bit up north into the west side like Humboldt Park/Forest Park. Born and raised in Chicago so I know the neighborhoods well.
Want to connect with other investors in the area. Also trying to build my team in regards to contractor possibly a PM as well as I may self manage to begin with but will eventually get a PM once I have a few properties under my belt. Being in sales and working from home I do have some flexibility with my time currently.
My main question is is there still opportunity for BRRRR deals in the areas I am looking for to buy a multi for 150k or less initial acquisition cost? Or am I aiming too low?
Any advice I am thankful for in advance!