Looking in Chicago

[Louis Burkhart]

I live in Chicago and am trying to locate a second investment property right now. I'm having a difficult time meeting my criteria. I'm specifically looking for a 4-plex in a relatively decent area where I can get at least a 10% ConC return. Would any of the Chicago investors recommend specific neighborhoods to target?

[Joshua Burke]

Hi again Louis,

You may not be able to immediately find the returns you're looking for, you have to CREATE the returns you want. How to do that? HERE is a blog post I wrote recently about a deal we did last year.

RRR

Rehab

Rerent

Refinance

Do it the right way and you can pull out most, if not all, of you original capital. You could then have little skin in the game and still have positive cash flow.

This is what some investors consider Infinite Returns.

Good luck!

JB