Looking for know how on Dolton, IL 60419

[Gaurav A.]

I am just getting started with investment in real estate and looking at a property in Dolton, IL 60419

area for rental. What is the area like? I checked out Trulia and as per Trulia, it falls under lowest crime. I would love to hear to from someone who is close to the area or anyone has who invested in the area.

Apart from that anything and everything you may want to tell about the area, renters, economy, rental demand, vacancy rate etc.

[Jarrell D.]

@Tyion Bridgeman be careful who you take "advice" or insight from on areas. You have to asses your own goals on cash flow and cap rates and determine what you want to deal with.

Chicago overall is divided essentially into two cities, and there is a contingent that literally doesn't even recognize anything south of Roosevelt.

Dolton is a strong rental, and more specifically a section-8 area. Does it have some challenges as far as crime? Sure, but every town has its better and worse pockets. If you want B areas or better, then you're ruling out 2/3 of the city of Chicago in general. The whole south and west sides overall would be considered C areas or below, and wouldn't pass the Trulia crime-map test.

You still have to do your due diligence on your tenants whether you self-manage or not, still need to be an active landlord, and know your area/town. I'm sure renting in a college town has taught you all these things.

I would just say overall, before you agree with a general consensus, ask yourself what your goals are on numbers/cash flow...and what you're willing to deal with. If you've got $1M+ liquid, and don't mind being outbid on everything, then the north side of the city could/might be for you. If you want to build a real rental portfolio, you'd better start doing your own research and get boots on the ground in these areas that look appealing to you as far as numbers. If not, at least talk to someone who is in these areas often, and can give you insight in these areas.

I just moved a turn-key deal in Dolton. I have other deals on the south suburbs with 20% cash on cash return. PM me.