All Forum Posts by: Charles Cathey

Just moved to Chicagoland area and looking for some good short term rental Air Bnb zips close to downtown.

Any suggestions?

With rising interest rates, do you think it's still a good time to purchase a single family home? This will be my wife and I's first home purchase and we can potentially get into a great home for relatively cheap due to a family friend who's giving us a considerable discount on a home in the Orland, IL area. But with the fed raising interest rates 

Thanks all! This all is truly helpful! I also agree that looking for a homerun really isn't the focus. This first deal will jumpstart me into the right direction and in the game.

Thanks!

Hi All,

Looking and running analysis for my first multifamily deal in Chicago. Should I focus more finding a property that will cash flow positively day one with the COC I'm looking for or get into a property that's breaking even while living mortgage free from the tenants and save the money that I would've been spending on mortgage toward property #2?

Hi All,

Any local Dallas or Chicago Real Estate Meetups? Looking to network and meet new people in the industry.

@Paul De Luca

Thanks Paul! This greatly helps my search process, I appreciate it.

Hi Johathan, 

Thanks so much for the response! I'm roughly looking for price points around $250K - $500K...all depends on the property itself. Thanks for the recommendations! I'm going to research those! Greatly appreciate the insight. 

Hi All,

Relocating to Chicago this Feb/March 2022 and plan on finding a multi-family 2-4 unit property to house hack with my wife. Starting my preliminary search of the city, neighborhoods, zips, and surroundings areas to narrow my search and plan a visit with my local relator soon.

What areas and neighborhoods would you suggest I search in? I understand my tolerance on price and condition of the property will help determine where I look, but wanted to see if there were any neighborhoods I should make sure I don't overlook. I preferably want to house hack a property that I can force a little appreciation into with updating and TLC, but also wouldn't mind a turnkey property if the location, cashflow and cap rate makes sense.

Thanks for any suggestions in advance!

Hi All, 

Relocating to Chicago this Feb/March 2022 and plan on finding a multi-family 2-4 unit property to house hack with my wife. Starting my preliminary search of the city, neighborhoods, zips, and surroundings areas to narrow my search and plan a visit with my local relator soon.

What areas and neighborhoods would you suggest I search in? I understand my tolerance on price and condition of the property will help determine where I look, but wanted to see if there were any neighborhoods I should make sure I don't overlook. I preferably want to house hack a property that I can force a little appreciation into with updating and TLC, but also wouldn't mind a turnkey property if the location, cashflow and cap rate makes sense.

Thanks for any suggestions in advance!

Not sure about any upsells, but it is a paid mentorship training course that you through and they assist with helping you learn how to find, finance, and close multi-unit property deals. Wondering if anybody has any feedback from the program. @Dell J.