All Forum Posts by: Vinay Dalal

Hey @Vinay Dalal ! I’m sure you’ll get many viewpoints soon but I feel like the answer to your question is - it depends. Depending on which specific Chicago market, budget, financing, and strategy (househacking, buy & hold, fix & flip, short term or mid term rentals, etc), the answer could vary. 

For example, if my goal is to househack, would I buy a single family home? Maybe not. I’d probably lean towards a multi-unit. However, would I consider fix and flipping a single family home in certain parts of the south side or west side of Chicago? Probably. But again, this would depend on other factors as well. 

What strategy are you trying to employ? What is your budget? What Chicago suburb are you interested in? I think this is a good start. 

@Vinay Dalal

I agree with all the viewpoints shared here so far. There are so many variables that come into play, most of them depending on your specific situation, that it's impossible to give an informed answer without knowing more.

You can say there are some times that are "better" for most people to buy than others but the question "is it the right time to invest?" should be rephrased to "is it the right time for me to invest?"