All Forum Posts by: Sherief Melik

@Chris K. and does that mean if you buy a house in A-B area which has higher % owner will be easier to find a tenant ? i am trying to find "rate" which reflects the demand "easiness of finding a tenant".

Thanks @Michael Boyer for your reply and i agree with you about appreciation but i still feel that in areas which buying is better than renting i am afraid that where you find higher homes owned percentage which means lower demand on renting, that what confuses me.

For example Schaumburg, IL is a very nice area but yet house owned percentage is 48% and i believe that's because 3 bedroom is AVG $1400-1600 while buying a house is $250k+ , so it's a good rental area but yet will not make good cash on cash, on contrary in Streamwood IL which is 6 minutes away rents slightly lower and houses almost half the price ! so there i found that homes owned almost 70-80% so i am afraid it means that demand is low and high vacancy rate will be very high.

When i go to city-data and i put one city and check the "vacancy rate - for rent" i see it's giving high percentage for cities that i believe it got demand which got me confused again that i believe they mean by that rate the number of houses for rent which maybe good and not bad sign.

Now am totally confused how to get from internet if that area got high or low demand on rental properties :)

While i am researching for best places to buy rental investment properties i feel confused while looking on (vacancy rate, high owner occupied areas ...etc) , my question is when there is an area which has 80% houses owned and 20% houses rented and another area got 50% houses owned and 50% rented which will be better for rental investment ?

when you go to a nice area with good schools but yet the houses are a bit affordable and rents are high compared to the price you see that 85% owned and only 15% rented , do you think it's good idea to buy and rent in that area ? or it's the opposite i look for areas that high number of rented units.

Thanks.

I am also new to investing but i find it confusing why to invest in A+ areas and get low return on rentals, and you still can make higher returns on your money by investing west side !

In A+ areas rents will not be that much higher to cover the higher property tax and higher price.

am i missing any ?

@Jaime Frausto thanks for your reply

@Mateo Carrera Thanks for your great advise ! i think am going for it.

@Matt Holmer you are right about the fake ad !

And doing the tracking for the area is a good idea , the only problem that there is a multiunit i like and i wanted to take a decision, but i can track the craigslist ads to see houses still there or not and take down the fake one instead ! :)

Thanks again.

@Sarnen Steinbarth Thanks so much for the reply and i believe it's mainly that it lacks maybe pictures, but when i google vacant rate and check and compare between cities and areas i feel it's a bit misleading or maybe not updated.

Hi All,

I live in Chicago, and was looking for cities around me with low crime rate to start rental investment, also i am looking for the highest ROI.

I like so far Cicero , Aurora and Joliet and open to any other suggestions, what drove me crazy that i did test posting an ad for Aurora 2 bedroom for $750 on craigslist and i did not get ANY single mail asking me anything in the last 24 hours.

Does that mean vacant rate is high in Aurora, IL or what ? or am i posting wrong way.

Please share your experience with new investor ! :)

Thanks

Thanks @Aaron Westerburg for the detailed reply