House Hack vs Pure Investment Property

[Foster Lynch]

Hey BP!

I'm new to the Chicago area. I moved here in August and have been hoping to get involved in the market. I ended up signing a lease, but I was hoping to still find a cash-flowing multifamily. My question is: if I find something that works, should I try to get out of my current lease, or should I just fill both sides? 

I realize a common answer I might read would be "whatever works", but I was hoping to hear if anyone has had a similar situation and how they navigated it? Did you run into unexpected issues getting out of the old lease? Would it have been easier to just wait out your  lease and then move?

Hope to see some of you soon at an upcoming meetup on 1/27!

Thanks

[Brie Schmidt]

@Foster Lynch - in the city it is against the law for an owner to deny a sublet.  So as long as you find a replacement tenant that meets the landlord's criteria they have to allow that person to take over.  If you do the upfront legwork and do all the showings and make it easy for the landlord than most of the time they release you from the lease and just sign a new one with the tenant.