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Updated almost 6 years ago on . Most recent reply

User Stats

46
Posts
13
Votes
Joe Hermanson
  • Rental Property Investor
  • Naperville, IL
13
Votes |
46
Posts

Real Estate Broker Recommendation for Investment Properties

Joe Hermanson
  • Rental Property Investor
  • Naperville, IL
Posted

I'm looking for a real estate broker who can help me find investment properties in the Naperville area that can cashflow. Normal MLS focused realtors that I've met and started to use, don't seem to have the same mindset needed to understand landlording and what can cashflow. I'm hoping someone here could recommend a broker who understands what can cashflow in the Naperville area. I'm looking for mainly single family homes or Condo's. I don't think I'm ready for Multi-unit buildings yet. Any help would be appreciated. Thanks.

  • Joe Hermanson
  • Most Popular Reply

    User Stats

    254
    Posts
    246
    Votes
    Jake Fugman
    • Real Estate Broker
    • Chicago, IL
    246
    Votes |
    254
    Posts
    Jake Fugman
    • Real Estate Broker
    • Chicago, IL
    Replied

    Thanks for the shout out @Zack Karp !  

    @Joe Hermanson its definitely possible to find properties in Naperville that have a good balance of appreciation and cash flow - it all depends on your expectations. For example, I recently worked with an investor to purchase a 2bd/2ba condo that hit the 1% rule ($160,000 purchase & $1600/mo rent) in a nice part of Naperville. Although this was only about a 7% CAP and 6% CoC it was still a good choice for an investor that didnt want to be semi passive and mitigate potential large CapEx expenses though buying into an HOA.

    • Jake Fugman
    business profile image
    The Axon Group
    4.9 stars
    78 Reviews

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