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Updated almost 6 years ago on . Most recent reply

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Joshua Ocean
  • Rental Property Investor
24
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Market spotlight Chicago

Joshua Ocean
  • Rental Property Investor
Posted

could someone tell me the pros and cons of residential invetsing in Chicago and also link me up with a lender or agent?

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Jonathan Klemm
  • Contractor
  • Chicago, IL
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Jonathan Klemm
  • Contractor
  • Chicago, IL
ModeratorReplied

@Joshua Ocean - I can make a few recommendations on lenders and realtors, but would want to know what area you are wanting to invest in?

Pros and Cons of residential real estate investing is a pretty open-ended question.

Pros:  Likely the easiest type of real estate investing to get into, financial freedom, tax advantages, cash flow, appreciation 

Cons:  High risk (in some peoples opinion), failure is inevitable, not easy, need to be able to network well (con if you arent a networker)

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