Cash Flowing Rental Property

[Teslim Salami]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $250,000
Cash invested: $14,000

I purchased and managed a rental property in Chicago, focusing on strategic improvements and tenant satisfaction to increase both its value and profitability. Through proactive maintenance, efficient tenant placement, and careful financial management, I optimized rental income and ensured a steady cash flow.

What made you interested in investing in this type of deal?

I saw the potential to cash flow when the opportunity presented itself I jumped on it.

How did you finance this deal?

FHA loan

[Teslim Salami]

Quote from @Jonathan Klemm:

Hey @Teslim Salami!  Congrats on your cash-flowing property in Chicago!  Getting started was the most challenging part of real estate investing for me and it seems like you made it look easy.

What neighborhood is the property in?

Assuming since you did any FHA loan, this was a househack?

Thank you Jonathan! It's in the chicago lawn area. And you are correct it was a house hack.