New Member Introduction/House Hacking Question

[Quamal Burton]

Hi guys,

My name is Quamal and I recently became a realtor about 3 months ago but I am mainly looking to invest. I'm located in Chicago, IL. I have this 15 year plan all written out but the first step is what's turning out to be the most difficult. Just like many other investors, I'm looking to house hack using the FHA loan. I would like 75% of the properties gross rents (preferably a 3 or 4 unit) to cover the mortgage. In the Chicago market, finding a deal that fits this criteria seems merely impossible UNLESS you're willing to live in a crime infested area. I feel that I have educated myself as much as I can and now I must take action but finding a deal of this caliber has turned out to be my greatest challenge. Do you guys have any advice for me?

Thank you

[Buddy Holmes]

@Quamal Burton, my advice may sound like a cheap shot but perhaps you need to look further away from Chicago.  I would highly recommend  that you read @Scott Trench new book "Set For Life" He addresses your problem in the  "Part I" section.

Good luck!