All Forum Posts by: Man Le

 Thank you for all the details and they are really helpful for new investor like myself, things to watch out when invest in those areas. 

Thank you for the insight and the numbers are impressive, can you elaborate about the challenge dealing with the town for rehab ? 

I'm interested in getting in touch with your friend and thank you for your help.  

@Paul De Luca, thank you for your suggestions and I've been looking Berwyn and Cicero, there're lots of options for multi property rental property in Berwyn and Cicero, how is tenants demand of those areas compared to other part of the city ? 

@Crystal Smith, thank you for your suggestions, I've been looking areas you've mentioned and I've seen there're lots options for multifamily property, how are tenants in those areas, is there a way to find out what are tenants demand one vs another city ? 

@Nicolas Bajner I'm an investor in Aurora and have been actively looking for multi family in Aurora and agreed with you, 4 plex around 400k is hard to come by these days, I haven't found anything so far, I meant nothing for a  4 plex, neither for 5,6 plex.... I saw 4 plex is contingent for $349,900, it's on the market for 34 days so I think they are out there, it's matter of time until the next one shows up.

Good luck for your adventure and I'd like to learn how long distance investment works also. 

@Ryan DiCanio congrats for your 1st deal, what area of Aurora you landed this property ? which contractor did you use for your rehab ? 

Thank you for all advices, I'll keep looking and will update everyone once I found a deal. 

@Jon Loca I'm in the west suburds of Chicago, Aurora and been looking into expand my investment to multi family units in Chicago area, I found a series of youtube videos from Jake Lyon Realtor, he put together all the numbers for all the neighborhoods including South, West, North of Chicago, check it out.

I watched all of Jake's videos and avoided the south side of Chicago, they have all the neighbors listed as 15 most dangerous neighbohoods of Chicago, only selected West of Chicago like Austin, East Garfield Park to sample some data and all the numbers such as 1% rule, cap rate, avg 1 year growth rates matched Jake's numbers, all the numbers look good in terms of investment compared to other neighborhoods of Chicago, even in the west suburbs. 

I'm still looking into other data, have not decided if I should invest in those areas or not. 

Tony, you've brought up a concern I've had and I've been investing in Aurora but focusing on the Naperville/Aurora border with good school district, district 204 and I had 6 townhomes along Eola Rd, I've had good tenants in the last 8 yrs, of course I screened them big time and never had any issues with tenants so far. 

I'd like to expand my portfolio and would like to get in the multi family rental properties and this move will shift the demographic to downtown Aurora which make me concern about the tenants and exactly what you've brought up, which other areas you'd think multi family property had better potential tenants besides downtown Aurora ?