Hey everyone, I have an accepted offer on a property and I'm just looking for opinions on the deal.
16665 Kenwood Ave
South Holland, IL 60473
Do you think this is a good purchase? Is it a good area? Any opinions on the area, or the deal in general would help.
Thanks so much!
@Scott Bolinger what where you numbers? Does the property need work to rent it? Is the a tenant in place? Did you call the non-emergency number of the police department and ask some questions? Any home inspection issues?
Hey Scott nice area, not certain on the price you paid without knowing more and the condition.
- hi Scott,
- I lived in South Holland. Nice & quiet. Dry city. No alcohol is sold in South Holland, they have strict rental guidelines in the city. If anyone is convicted of a felony it is automatic grounds for eviction. Great community. Schools are ok (not great).
- I only have 2 properties, therefore I am not sure if I'm adequately qualified to tell you if it is a great deal. Plus i don't know your investment strategy or philosophy.
- However if I was looking at this property for myself, I would not purchase it because it does not fit into my overall rental investment strategy. If you posted your numbers, I could assist you more. My son goes to daycare in South Holland so if you need some assistance let me know.
- I have a great realtor who specializes in investors including a great deal of investors from out of state.
I went to Thornwood High School, it’s a nice neighborhood. The schools are ok, not great as someone else said. I’m just getting into real estate so I can’t really comment on the prices, I just know about the neighborhood.
Thanks for the help everyone! I didn't end up purchasing this one because the property taxes were insanely high ($5,500/yr). That killed any chance of cashflow on this one.