All Forum Posts by: Coran Clements

If you have another deal to repurpose the capital, then it may be wise to sell. If it will cash flow after repairs, then it may be wise to hold. It really comes down to your goals. You could also refinance the property and take some cash out.

The possibilities are many, you just need some clarity on what is important for you

Hope tha helps

Gino

Hey Gino that sounds along the lines of what I'd like to do. Repair it, rent it out, cash out refinance or Heloc and get another duplex.

Just accessing the risk but can't afford to stagnant too long. Times doesn't wait.

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The ARV is an estimated 179k. Would the next sensible plan be to rehab and sell. Estimated rehab cost are about 20-25k. I'd be all in for about 80-85k I'm thinking.

Or if anyone else has a more experienced approach your help would be greatly appreciated.

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Are there any sleeper areas to invest on the South Side. I'm really interested in investing here as I grew up here but I know the market can be tricky.

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Chicago, Illinois

My family has a property in Chicago. This is the link. https://www.redfin.com/IL/Chicago/7926-S-Aberdeen-...

I'm wondering if it's a good idea to do some repairs and rent it out or if we should just sell it. There is a mortgage principal of about 60k and the ARV is possibly 200k, but the only problem is it's on the Southside of Chicago, near Englewood. Property taxes are increasing, the population is decreasing and I'm not a very experienced investor to know what condition the market is in.

If there are any investors who are familiar with the Southside Chicago market, your feedback will be greatly appreciated.

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All Forum Posts by: Coran Clements

Coran Clements has started 2 posts and replied 4 times.

Post: Should I hold this duplex or should I sell it???

Post: Should I hold this duplex or should I sell it???

Post: Investing on the South Side of Chicago

Post: Should I hold this duplex or should I sell it???