All Forum Posts by: Stanislav Perevozchikov

Thank you, all! I'm considering a number of markets right now and will get in touch if I decide on IL!

 Thanks, definitely looking for more turnkey properties at this point.

Landlord-friendliness is definitely something to consider when choosing your market.... and didn't know Chicago was that bad? I know it's not NYC or Bay Area, it's not a tech hub or the next big thing like Austin, but it appears to be approachable for the budget I have set. Worth exploring this option, IMO.

That's exactly the area I was considering as well as the turn key properties, where I wouldn't need to do any/much updating. 

Hi everyone. A long time lurker, hopefully a soon-to-be first time RE investor. I live in NYC and would like to get into REI. Given the sky-high prices in the area, I'm turning to out-of-state properties. I've looked at some SFH in the Hudson Valley area, near the commuter line in CT (Stamford, Bridgeport) and the prices are still too expensive for me to buy a house with a 25% downpayment. Now, I know someone who's invested in the Chicago area and the CoC returns are pretty good in certain towns (I'm looking at 30 minutes south of Chicago). My budget is around 30-35k max for a downpayment and I want to put down 25% for a better rate. It looks doable to get something in the Chicago burbs in the 120-140k range, so that even after taxes, management fees, future maintenance costs, vacancy, I'm left with 14% annual return. I don't expect the area to grow much or the house to appreciate, but it could be a good cash cow. Do you have any advice for me? Do's and don't's? Thanks!