Western Burbs of Chicago
New member in the western burbs of Chicago. Looking to invest in my first house hacking experience within the next few months. Any early strategies that have helped others with their very first house hack would be greatly appreciated!
Most Popular Reply
@Katy Schlake Welcome to the area! House hacking is a great way to get started, but slightly more challenging if you need to start in the suburbs VS the city of Chicago. Its a simple matter of supply for 2-4 units in western burbs being very low - especially in the A&B class towns which leads to high prices.
So, if you are willing/able I would definitely recommend figuring out how close to the city you are willing to get in order to find a market with decent inventory of multifamily.
If you must be in a market like Naperville I think you may get a better bang for your buck finding a semi distressed SFH that could act as a live in flip. Then refi after your rehab and get the BRRRR strategy rolling..
Good luck!
- Jake Fugman
