Updated almost 10 years ago on . Most recent reply
Chicago - Where to Start?
Hi there guys,
My wife and I are currently working overseas, but she hails from Indiana and went to school in Chicago. We are currently considering investing in Chicago for rental income purposes (buy and hold). We would feel comfortable putting down $140 000 on an entry level apartment in a reasonable area, probably not South-Chicago to begin with (smile).
Our goal is to try and generate $ 2000 net income per month over time - probably would be difficult to do with $140 000, but that is what we are working towards.
We would really appreciate any thoughts on potential areas (not war zones...smile) worth considering, best way to go about finding a solid property management company for out of state investors...
Thank you so much for your time, we really appreciate it.
Blessings, Phil