All Forum Posts by: Leo Koonan

what @Nathan Gesner   said...  Brandon expects atleast 12%  (and hes right)

 Usually, Marcos deals are exactly that ...  but from what I could check... if this is TK, it might actually be a real deal, unlike his usual "fairy dust in newbies eyes". 

@Tom Shallcross Thanks! going to try to educate myself about Milwaukee as for some reason i like it more than Cleveland (too oversaturated)

Hi Guys, I've been told that Milwaukee, WI is  rising as far as a good buy and hold market ( rentals) goes. I've checked redfin/zillow the usual and it looks like the real estate is pretty cheap out there comparing to rental ( 30k house going for 650m). 

Anyone from that area  thats willing to share hows the market as far as buying  rentals  goes ( high turnovers, weak market, the state is anti landlord?)

hmm  that actually not a bad deal... is that a TK price?

fire those experts man

hmm aprox $8500 a year NOI from 150k investment (that is if i buy cash and dont have to pay off loans).... Or am i doing my numbers wrong?

If you'd compare markets ( Chicago to IN to TN)  and yes i know they are different... would you still invest in to Chicago area? or you cant trust any comps from there at all?  

I would like to connect with investors from that area and chat... see if its worth a look...

 Thank you Guys!  

Hi Guys,

So i've been looking into several areas of Chicago and there is something that i cant really understand.

I've encountered properties just like this one:

1048 W Garfield Blvd,

Chicago, IL 60609

many properties in the Englewood and Back in the Yards areas...

When i analyze them i see that there are "waves" in prices going up and down when the same building can be sold for 30k and then for 250 within each 5 years or so...

I also see pretty high rentals there ($1100/m +) ... so the market is pretty strong...

so how is it that there are so many multi family buildings like that around what looks like to be good C+ and B areas but they stay on the market for months at the time...

Is there something about Chicago laws ( other than the high taxes ) that i am missing and everyone knows about, so they dont "bite"? 

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