Investing in Hegewisch

1 Reply

Dear Investors,


I am interested in your opinions in doing fix & flips in the Hegewisch community of Chicago, IL. For the past week I have been doing comparative analysis for foreclosed / pre-foreclosed properties in relation to recent retail purchases of similar properties in this neighborhood. I was wondering if this community is preferred for Fix and Flips and if anyone has had any experience investing there.

I am also confused on why there are fully rehabbed homes in Hegewisch that are foreclosed, completely rehabbed and updated and have been sitting on the market for over 1 year and are selling at a great discount. There are also fixer uppers that are also foreclosed and are selling very well for a similar price. Is there just something very wrong with the property that looks great but just cannot sell at all? Your feedback is appreciated!

Thank you so much!

Alex

Originally posted by @Alexei Proskourine :

Dear Investors,


I am interested in your opinions in doing fix & flips in the Hegewisch community of Chicago, IL. For the past week I have been doing comparative analysis for foreclosed / pre-foreclosed properties in relation to recent retail purchases of similar properties in this neighborhood. I was wondering if this community is preferred for Fix and Flips and if anyone has had any experience investing there.

I am also confused on why there are fully rehabbed homes in Hegewisch that are foreclosed, completely rehabbed and updated and have been sitting on the market for over 1 year and are selling at a great discount. There are also fixer uppers that are also foreclosed and are selling very well for a similar price. Is there just something very wrong with the property that looks great but just cannot sell at all? Your feedback is appreciated!

Thank you so much!

Alex

 Great question! Looking forward to reading some of the responses. 

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