Investor · Chicago, IL · Member since 2014 · 179 posts · 122 votes
Good evening,
I was checking out www.padmapper.com and looking at units currently for rent in my area, as well as the amenities they are currently offering. I have seen some units just posted today, and some that have been posted for 19+ days. Before I pick up the phone and start calling some of the local land lords in my area, I would like to know how long are some of your rentals sitting vacant? I want to get somewhat of an idea of how the Cook County market is performing with rentals. I am also interested in how Section 8 rentals are performing as well.
Investor · Chicago, IL · Member since 2013 · 451 posts · 96 votes
12y
My vacancies sit due to things I need to do or time I need to take for the renter I'm most comfortable with. People are constantly trying to rent them.
Investor · Chicago, IL · Member since 2014 · 179 posts · 122 votes
12y
@Joey Nakayama I have been looking at properties in northern part of cook county. I am not sure that i want to continue to search for properties there any longer because the taxes are extremely high. I can not seem to locate any properties that give the cash flow i am looking for. Do you have any suggestions? Thanks
Investor · Chicago, IL · Member since 2013 · 129 posts · 68 votes
12y
@Christopher Malone I'm in a similar situation, looking to acquire another multifamily this year. The areas of Cook I'm personally familiar with don't produce cash flow numbers that make sense for me. There are definitely areas where the numbers look fantastic, but they come with risks and unknowns I'm not yet comfortable with. I'm committed to getting educated and more comfortable, though. There's a great community here for that.