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All Forum Posts by: Jake Shulman

Jake Shulman has started 3 posts and replied 17 times.

Chicago Real Estate Forum

Post: What are the best neighborhoods to househack in Chicago?

Jake ShulmanPosted
  • Posts 17
  • Votes 5
Originally posted by @Jason Albasha:

My method is to always run the numbers as if you don't live there, then account for the unit you occupy as a personal expense. 

A 3 unit for $500k in X, Y, or Z neighborhood with units setup as a 3/2, a 2/1, and 1/1, that rent for $2,000, $1,500, and $1,000, respectively. Is it a good deal? It's a good deal if you occupy the 1/1 for $1,000 yet not a good deal if you occupy the 3/2 for $2,000...? It doesn't make sense to analyze that way. The rent is your personal expense. 

Thank you @Jason Albasha! Definitely agree with your thinking here!

0 Votes
Chicago, Illinois
Chicago, Illinois
Chicago Real Estate Forum

Post: What are the best neighborhoods to househack in Chicago?

Jake ShulmanPosted
  • Posts 17
  • Votes 5

Thanks, @Brie Schmidt! Would love to see some examples!

0 Votes
Chicago, Illinois
Chicago Real Estate Forum

Post: What are the best neighborhoods to househack in Chicago?

Jake ShulmanPosted
  • Posts 17
  • Votes 5

@Paul De Luca I appreciate it, thanks for the insight!

0 Votes
Chicago, Illinois
Chicago, Illinois
Chicago Real Estate Forum

Post: What are the best neighborhoods to househack in Chicago?

Jake ShulmanPosted
  • Posts 17
  • Votes 5

@Crystal Smith those are valid points, thank you for the info!

0 Votes
Chicago, Illinois
Chicago Real Estate Forum

Post: What are the best neighborhoods to househack in Chicago?

Jake ShulmanPosted
  • Posts 17
  • Votes 5

I am interested in buying a 2 flat/3 flat in Chicago, and I'd like to house hack the property. I'm new to Real Estate, and I don't really know where to begin looking. Any suggestions on which neighborhoods have a lot of 2 flat/3 flats available?

4 Votes
Chicago, Illinois