All Forum Posts by: Account Closed

@Ray Harrell What would you attribute the struggles with? Is it poor tenants because of the area? Continual upkeep because of the location/weather? etc..

@Joseph Konney While searching for properties I have come across many that seem as if they have good value add potential. Do you only deal with commercial properties or have you looked at residential properties as well? 

On another note what is your take on the percentage of people renting in the west suburbs. I understand that it can very from city to city. But because I am looking to enter that side of the investing market I want to get a feel if the market is in a good place for this. Also if there is a source where I would be able to locate this information that would be much appreciated.

@Ray Harrell I have seen that the property prices are high here in Chicago. Unfortunately at the moment I am unable to venture outside the state to pursue real estate investing. What I have seen is a good amount of foreclosure properties that have ton of upside potential through forced appreciation. If I may ask what types of real estate investing do you partake in and why do you feel that this works in the Chicago area?

I am new to real estate investing and am looking for some guidance from people in the Chicago area. I have read a few books including "The Book On Rental Property Investing" by Brandon Turner and it has really grabbed my attention on how beneficial investing in rental properties can be to your financial state. I have been scanning the Chicago area and the suburbs west of the city to look for duplexes and triplexes that could get my portfolio going. Unfortunately the properties i have seen do not seem like very good investments. On the other hand i have looked at foreclosed properties in the west suburbs that seem as if they have great potential. My main question is for investors that are in the chicagoland area. At the moment what type of real estate investing is this area good for? i have my thoughts but i wanted to get insight from skilled investors.