All Forum Posts by: Quentin Ambrose

I would suggest selling all as a package, many investors and people look to house hack are looking for Multi-Unit properties. 

Hey @Bhakti Patel,

I'm a Realtor and Property Manager in Chicago and Northwest Indiana. As a good starting point, I suggest getting information on a few different neighborhoods and setting some goals. Find out how much you want to cash flow per door, whether you will self-manage or use a property manager, etc.

Welcome to BiggerPockets.

I'm a Realtor and Property Manager in NWI and IL if you need any insight from a Pro's perspective let me know!

Hi Michele, I'm a Realtor & PM in the Chicago and Northwest Indiana markets. I would suggest looking into smaller towns on the outskirts of Chicago, these areas can be great for SFH investments. Also, research the landlord and tenant laws/ordinances.

You can ask how many adults as well as charge an application fee per adult.

 I own and manage rental units in Illinois and Indiana. Not currently house hacking.

Great question Jacob,

1. Listings that don't allow you to view the entire property until after an accepted offer could be a red flag. 

2. Look for properties with tenants on MTM leases and extend them if you like. 

3. Make sure the property is going to have positive Net cash flow when you move out.

I suggest starting with only one property. I learned the hard way that things can go wrong quickly, and if you don't have cash in place, you might be forced to sell at a discount. Start with a 2-4(preferably 3-4 units) and go from there. Track all of your spending, and after about a year or two, add to your portfolio. If all goes well, you'll still have some of the initial seed money to grow your portfolio.