Chicagoan new to investing and 203k

[Nelson Howard]

Researching 203k and multifamily investing in the Chicagoland area specifically the Woodlawn area near University of Chicago, many opportunities many decisions to make this site seems quite helpful.

[Sandra Bean]

This is only my suggestion. Before you throw any money out there do some research about the area first. You need to do your homework.

1. Look at the demographics 

2. Crime rate/poverty level

3. Median income rates, rent rates for that area and if it is home owner driven verses lots of renters

4. If any revitalization is going on in that area and/or gentification 

5. Annual taxes, abatements

6. Is it in a flood zone

7. It snows there....who is paying for snow removal.

8. Visit the area day and night to see what goes on in the neighborhood 

9. And never be more than 2 hours away from your investment. You are the owner and the manager of your investment,

10. Take your time.