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All Forum Posts by: Michael Otranto

Michael Otranto has started 5 posts and replied 41 times.

General Real Estate Investing

Post: How do I identify War-zones and pick solid dependable target markets for investing?(Chicago)

Michael OtrantoPosted
  • Flipper/Rehabber
  • Garner, NC
  • Posts 42
  • Votes 15

I like to drive around the areas I want to buy in. I agree with what was said above about only buying and holding in counties with a landlord friendly government. If it takes 6months to make an eviction chances are the property is going to lose money. If you're wholesaling property it all depends on what your buyers want to own. I'm working with buyers now who want properties in the war zone for under $20,000. I've owned property like this in the past and I wouldn't you to buy in the warzone, but if you can wholesale properties in that neighborhood then go for it.

1 Vote