Chicago Suburbs Investment property related questions
Hey Folks
I just joined this community and am very new to real estate investment and all. How feasible is my plan based on your experience? I am planning something like this on a high level.
1. Buy a condo or a townhouse under 250k in a nice area
2. Put on rent and generate a positive cash flow.
Areas in which I am interested are: Chicago suburbs around Schaumburg, South Elgin, Naperville and all. Most of the areas from where city commute is easy and it could attract the tenants easily.
What are the expert thoughts here? Can someone please help me to investigate that how feasible is my plan here.