All Forum Posts by: Kevin Kong

Thanks everyone for your posts and comments.  All the inputs on this thread is very useful information. For now I think I will invest in my back yard and then move on from there.  If ebrrything goes well I'm about to close on my 3rd unit soon in less that 1 year!!!.  I'll keep everyone updated on my BRRRRS on a different thread!  

 Having grown up in Chicago I know there is always going to be a market here.  I just hate the politics in Chicago.  I'm sure there are difficulties everywhere I just wanted to get out of the cold! haha  

 Thank You!!  We actually found a 3 flat (tri-plex) which we're hopefully going to be closing on in the next few days!.  Thanks for your comment and help!

 That is my end game haha.  I want to move back to San Diego.  I was born and raised in Chicago and I've had enough!!  

 What areas in Milwaukee are best right now?

 Thanks!!!  I'm definitely still looking and hopefully I can find a great deal like that. 

@ryanwallace I have no idea how to tag people in this thing or I do but don't remember. Thanks for your input!  I guess there have been a lot of discussion with Boise and I'm late to the party hahaha. I might have to visit and see if that is somewhere I wouldn't mind living for a couple years and build my portfolio there. If I do decide I'll make sure took you up. Thank you. 

@Michael Dumler thanks for the response!  I'm not trying to commit fraud I actually do plan on moving to the state.  I'm looking for a sunbelt state because being born and raised in chicago I'm sick of snow and cold. I lived in San diego for 5 years so I want the warm embrace of the sun for as long as possible.  Yea I hear a lot that 1% is hard right now and I'm looking for just cash flow. 100$ per unit after all is said and done. But the prices here in chicago for 3-4 flats are hard to come by.  I am currently working on a house to a 2 flat with a in law unit in chicago. I'm also currently trying to get another place here and then I would like to move. Thanks for your response and wisdom!  It is always appreciated 

Hello BP Fam,

I looked through the search bar and was looking for the subject on this matter, but have not been successful on something current to date and even on the same topic. My question is for you big brothers and big sisters out there, where is a good place invest for multi family units outside of Chicago? I'm looking to invest in smaller multi family units (4 units or less) with great cash flow areas. As most people know Chicago is great for visiting and having fun, but if you're a home owner the taxes have you running. The rents here are high but compared to the cost for places with smaller fry such as myself you're not going to be able to get anywhere near 1%. I am looking for long term hold. By long term I hope to have my daughter interested in the game of real estate and take over the family business. I have heard places like Milwaukee,WI and Phoenix, AR are hot markets for cash flow and I also heard that Boise, ID randomly is booming as well. From personal experience where would you all recommend me to look to expand my portfolio? My price range is around 300-350k with either FHA (3.5% down) or with conventional (5% down) for worse looking places. I do prefer to remodel and renovate myself to save money and use that to get more property. I wouldn't also mind "living" there for a year so i may get a 95% refi so I may use that money to get more places. Any recommendations of city, town and state is always welcome and I thank you in advance.