First time home/Multi unit buyer

[Paul L Harast Jr]

Is there anybody in Chicago (NW side specifically) who is willing share with me in purchasing my first home (multi unit)? Please let me know, I don't know many investors seeing that I'm just getting started. Willing to buy coffee 😁

[Vincent Incopero]

@Paul L Harast Jr - You need to determine what your REI goals are, both long term and short term. Once you know what you want to accomplish, you can bounce your thoughts off of others.

That is to say, cash flows aren't going to be enormous in stable areas, but appreciation should be around 5% annually and depending on the number of units and how much value you plan add to the building during your term of ownership, you could easily end up living for practically nothing on a monthly basis.