Real Estate Investor for 20 years, but buying first Multi in Chicago

[Brett Carpenter]

Folks, I have been a real estate investor for 20 years, buying condos and townhomes (generally using the BRRRR). I am new to multifamily investments and the Chicago area (My investments are in DE). I am open to any advice, contacts or information you might have as I step into this new market for the first time. I am looking to invest in properties that are generally below $2MM. I've noticed a lot of these properties are class C and bit older. I've run the numbers and can see the 5 to 10 year IR/NPVs that exist in the market. Again, looking for the devil in the details that some of you folks are easily acquainted with due to experience.

Brett

[Aaron Zimmerman]

I'd listen to the straight up Chicago investor podcast. It has some great guests that you could connect with.

I'd recommend going to some local real estate events to get connected with other building owners as well as getting contacts

I think one of the biggest things to be aware of in Chicago is how block by block good properties/bad properties can be. 

Welcome to Chicago and I'd be happy to get you connected. If you could specify more specifically what you're looking for, that'd be helpful.