New to Real Estate Investing

[Jason Pillard]

Hey all,

I am new to this real estate thing. Have been reading a ton and listening to plenty of podcasts. I am currently living in Chicago (originally from Denver). Since Chicago city prices are fairly high for what I can afford right now, i decided to look a little farther north, to Evantson, IL. I have found a couple of pretty good deals at first sight (still need to analyze further), but wanted to get any thoughts/advice on the Evanston real estate/rental markets from any Chicago land investors.

Thanks!

[Henry Lazerow]

Evanston can be good but watch for taxes. A $450k deal in Rogers Park with $5k taxes will cashflow higher then a $300k deal in Evanston assuming same rents but $9k a year in taxes.

I personally am under contract on a 4 unit in Edgewater/Rogers numbers work pretty well in that area with relatively low (for north side) prices.