New Investor in Chicago

[Gerardo Villarreal]

Hello everyone,

I'm relatively new to the game, having purchased one property in Avondale which is in the process of being rehabbed. After this property I'd like to get a property to buy and hold, possibly using the BRRR strategy. I'm also considering house hacking a multifamily building 3 or 4 flat.

The research I've done so far on multifamily units has not been very promising as far as returns go. They seem to be very highly priced compared to the rents, and taxes are quite high also. Has anybody successfully invested in rental properties in this area? Or maybe house hacked a multifamily unit?

Cheers,

Gerardo

[Matt Boyle]

Hey @Gerardo Villarreal

Congrats on your first purchase! There are some great deals out there, especially multi-family properties. The key is finding those deals. Chicago is a hot market and the north side in particular is expensive. How are you researching? MLS? Let me know if I can help you in your hunt for your next property!