All Forum Posts by: Lucas Ziegler

Budget is 500k and we are FHA

Greetings BiggerPockets,

My wife and I are finally taking the next steps in our real estate journey and have started shopping for multi unit properties in Chicago.  With our budget what areas should we be focusing on?  Ideally want an area that is relatively safe, has some appreciation and rental growth.  Everything we've been looking at is mostly South Shore and Bronzeville, but have found the market to be insanely competitive.  

Thanks,

Lucas

@Michael Rajnherc There are a decent amount at the moment

@Dan Barli We are looking at 2 unit properties in Milwaukee, 130k-200k price point. Not looking for a total rehab for the first one. Cash flow is pretty solid in Milwaukee from the research I’ve been doing. Started looking into BRRR as well though. Stacking would be ideal for us, start with a 2, then the following year acquire a 4 family and repeat.

Greetings, First time poster long time reader, The wife and I are finallY ready to make the plunge and start our journey. We have an idea on what today but are seeking advice on hOw to maximize our effort. We are looking to start March 2019 as we will have 50k saved up to start. We have have solid jobs in Chicago and are looking at Milwaukee to get the ball rolling,. In our current situation we are saving 4-6k a month and look to boost that to 5-7k a month in order to acquire more properties. The end goal is to be able to live off the passive income in 8 years. HELP!!