I am trying to invest in Chicago. I am in contact with 3 different companies. EliteInvest, GC Realty, and Profitfromrentals. I would like to ask if somebody is investing with one of them.
I am from Chicago. I am a landlord and I own properties in some of the areas you most likely will be investing. I also spent some of my earlier years in Southern California, so I have an appreciation of your market.
Chicago is a nice place, but it has large sections of the city which are lower income areas. Also some of the South Suburban areas are lower income.
I am not going to post my opinions on these companies online.
Hey Maria! I've known PFR (profitfromrentals) for years and have seen a ton of success with them but they are on a bit of a standby for right now due to some health issues with the main guy, so not sure how many properties they are offering right now, if any. I haven't worked with the others, but I believe there are a lot of reviews on Elite in the forums. Can't remember what I know about GC but I think it was someone I was talking to had had a really good experience with them (don't hold me to that though). I do work with one other Chicago turnkey provider as well. Happy to chat more in a direct message if you'd like.
@Maria Stagart I've met with Elite and I'm familiar with GC Realty, but have not heard of Profitfromrentals. There are reviews on BP if you search the provider's names. You should take up the offers to connect with @Ali Boone and @Brian Ploszay. However, my strongest advice is to take a flight out to meet with any provider you're considering to see their operations and have them show you a few properties.
Maria Stagart also, make sure to talk with and ask about the folks who will actually be handling property management, if you end up investing in Chicago. Many of the properties offered will likely have section 8 tenants, and the PM needs to be able to resolve inspection issues with CHA and HACC. CHA, in particular, has been difficult to deal with, in my limited experience.