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Updated about 8 years ago,
Chicago area flip, cash or finance?
Hey BP,
My names Jonathan I am new to the bigger pockets community. I am nearing what should be my first successful flip (in Louisville, KY) and am looking for advice on how to move forward. I believe I have the perfect contractor/project manger and have the right contacts to pursue real estate investing in the Chicago land area. I should have ~$200k cash to use on my next investment. My question is whether it makes more sense to find a smaller unit (maybe SF foreclosure) and pay cash or do a few conventional loans to get 2 or 3 properties? Does it make any sense to try to finance and flip a multi-family instead of 2 or 3 SF? Also any suggestions on which Chicago suburbs have more potential than others? Thank you for the help!
- Jonathan Klemm
- [email protected]