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Updated almost 8 years ago on . Most recent reply

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9
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Dustin Albers
  • Chicago, IL
5
Votes |
9
Posts

Real Estate Agent Recommendations in Chicago

Dustin Albers
  • Chicago, IL
Posted

Hello All,

I have always had a real estate passion and now I feel like I am finally in a position to move forward and start my real estate journey. I have spend the past 6 months educating myself through reading as many books as I can and also listening to the BP podcast and forums.

I am looking to go with the house hack strategy for my first investment property. I am looking for a 3-4 unit property in North Chicago. I plan on eventually making a living out of real estate so hopefully this first purchase will lead to many more in the future.

I wanted to find out from other investors in the Chicago area if there are any recommendations real estate agents that have experience with investment properties?

Also on a side note, if any experienced investors have any tips they wish they would have known prior to buying their first property I would like to hear them.

Thanks All, hopefully I get to connect and meet more people through BiggerPockets.

Most Popular Reply

User Stats

6,129
Posts
5,067
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Brie Schmidt
Agent
  • Real Estate Broker
  • Chicago, IL
5,067
Votes |
6,129
Posts
Brie Schmidt
Agent
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

@Dustin Albers - I live in North Center too.  I only work with 2-4 unit buyers and own over 30 properties myself.  I can tell you that you wont find anything in NC that will cash flow unless you are putting a few hundred thousand dollars down.  The biggest problem east of Western is the loan limits

Property Type FHA Conventional
2 Flat $468,150 $543,000
3 Flat $565,900 $656,350
4 Flat $703,250 $815,650

If you are looking for cash flow you are going to need to go a bit west.  Feel free to PM me your email address and I iwll send examples and numbers 

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Second City Real Estate
5.0 stars
20 Reviews

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