All Forum Posts by: Raj A.

Drew, I'm curious: were you able to successfully house hack? 

That would be great Shawn; thank you

I'd love to speak with any property managers who run properties in the Villages, Florida. Looking to invest in a few properties over the next 5-10 years and want to get a sense for tenants, common issues, etc.

Wesley, I'm curious to hear about your experience as I'm looking to invest in a few properties. Anything you share would be great.

Would like to learn more if anyone has anything recent to share.

Quote from @Jonathan Klemm:

@Raj A. - We have definitely done rehabs and purchased properties in those Chicago neighborhoods you've mentioned.  I personally prefer those areas over the north side neighborhoods at this point.  

In my opinion, the upside is much higher and there is more inventory where the numbers work much better...

Thanks Jonathan; in that sense though, you're mostly looking at fix and flip vs buy and hold (I.e. generating your return from the sale of the property vs. long term cash flow) correct? Just want to be sure I'm thinking about the right strategy for the right areas. Even better if you know of or are currently a long term buy and hold investor in those areas (and would be happy to chat on the phone with anyone too).

Unfortunately I'm not local but plan on visiting a friend later this year, and will definitely drive around. Useful to know about the North side too, and tracks with what friends who live in and around Chicago have been saying as well. 

@Henry Lazerow @Jonathan Klemm Do you all have any experience with investments and/or projects in Woodlawn, Near South Side, South Commons, Douglas and/or Bronzeville? I'm also noticing great potential multi-family opportunities in those areas (notably, running analysis using a younger tenant or a tenant that isn't a family to see how the numbers would work). While I can see there is definitely more crime in general than some of the previous areas I listed up in North Chicago, I'm also reading a ton about how the area is vibrant, lots of young professionals, good access on the L via the Green line up to downtown, etc. So, curious if you all have experience or have advised clients in those areas, and your general thoughts.

Thank you both for the detail and makes sense. To your point Henry I think for these duplexes and some triplexes given the area it makes much more sense to target a younger professional than a family. So will need to adjust our initial strategy a bit as initially we were thinking of targeting young families. Will definitely reach out when the time is right. 

Useful Paul; thanks for this. And definitely makes sense regarding 1 meter vs. meters-per-unit. Even in a month-to-month situation I would be looking for something signed and I don't believe that should be a problem based on what I'm reading on the forums here and elsewhere.