I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.

The last one, however, started with many people from two certain neighborhoods, gathered by a local non-profit, who spoke much about affordable housing, being displaced, etc.

. - The movement of these off sidelines inspires MORE movement off the sidelines.

Instead you will cash flow right out of the gate and appreciation is faster in those states with TLC properties or adding things like an ADU, or Carriage home on a bigger lot.Most of my investors that live in CA purchase in those states listed above and in most cases its easy to introduce them to local Seasoned realtors Contractors, Handy Men/Women that can help them save money and feel secure about the distance from home to REI.

At a minimum where is that local market headed, what is your personal strategy, are you in the growing phase or beyond etcOne really strong argument for selling is that you can upgrade big times.

I don't think one will make money on a net-net basis over the long term.I had asked the same question to local and foreign buyers agent in japan and had vague responses from them as they know the reality.The opportunity lies in the foreclosed property in Japan.

Check with your broker and make sure this fits with your local laws.

Hindsight is 20/20, and my education (courtesy of the school of hard knocks called Life) has shaped my approach to real estate investing and how I help others achieve their goals.Since 2021, I’ve been working full-time in real estate, specializing in assisting both local and out-of-state investors in acquiring small multi-family properties and short-term rentals.I would love to meet up with you and further discuss your REI interests and goals.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.