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All Forum Posts by: Saurabh Patel

Saurabh Patel has started 4 posts and replied 15 times.

Post: What are the great areas for a multi unit property investment?

Saurabh PatelPosted
  • New to Real Estate
  • Normal, IL
  • Posts 15
  • Votes 5
Quote from @Jack C. Cheng:

@Saurabh Patel it would depend on what your investment goals are and what is most important to you. Cash flow? Stability? Appreciation potential? If you're looking 4-8 units, then it'll probably be mostly cash-flow based. You would do well in many Midwest states like Ohio, Indiana, Missouri, Iowa, etc. Also, parts of Texas, New Mexico, Mississippi, and Alabama have good markets for relatively low priced, cash flowing multi-family properties. Good deals can be found almost anywhere, but putting together an investing plan will help guide you to the right markets. I'm happy to chat and answer any questions if you want to drop me a message. Cheers,

 @Jack C. Cheng: Thanks for your detailed reply. My main goal is CashFlow and eventually appreciation as well otherwise I would be at a loss in the longer term. By the way, we can chat about this, and happy to learn from you and see how you could help me here.  Could I please DM you to learn more about it?

Post: What are the great areas for a multi unit property investment?

Saurabh PatelPosted
  • New to Real Estate
  • Normal, IL
  • Posts 15
  • Votes 5

Hi everyone, wanted to reach out as a new investor looking for advice on what markets (cities) anyone investing in here. I am interested in investing in multi-unit properties like 2-8 units. The main questions I have are:

1. How do I find what areas are good for multi-unit property investment? Is there any website to provide some kind of data? Does anyone have recommendations on the list of areas?
2. Are there government-friendly areas where we can leverage some investment benefits?
3. What are the excellent cities/towns in the USA for RE investment?

Post: Chicago Suburbs Investment property related questions

Saurabh PatelPosted
  • New to Real Estate
  • Normal, IL
  • Posts 15
  • Votes 5

@Josh Mitchell : how can i contact you about this?

Post: Chicago Suburbs Investment property related questions

Saurabh PatelPosted
  • New to Real Estate
  • Normal, IL
  • Posts 15
  • Votes 5

Thanks @John Warren for the tips and the information. 

Post: Chicago Suburbs Investment property related questions

Saurabh PatelPosted
  • New to Real Estate
  • Normal, IL
  • Posts 15
  • Votes 5

Hey Folks

I just joined this community and am very new to real estate investment and all. How feasible is my plan based on your experience? I am planning something like this on a high level.

1. Buy a condo or a townhouse under 250k in a nice area
2. Put on rent and generate a positive cash flow.

Areas in which I am interested are: Chicago suburbs around Schaumburg, South Elgin, Naperville and all. Most of the areas from where city commute is easy and it could attract the tenants easily. 

What are the expert thoughts here? Can someone please help me to investigate that how feasible is my plan here.