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Derek Soohoo's profile image
Derek Soohoo's profile image
Derek Soohoo
  • Investor
  • from Chicagoland
  • Member since Feb 11, 2025

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Derek Soohoo's profile image
Derek Soohoo's profile image
Derek Soohoo
  • Investor
  • from Chicagoland
  • Member since Feb 11, 2025
Derek Soohoo
  • Investor
  • Chicagoland
5
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New Member Introductions

Rookie real estate investor

Derek Soohoo
  • Investor
  • Chicagoland
Posted

Looking to get involved in Chicago area multi family real estate. 

Chicago, Illinois
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Wale Lawal's profile image
Wale Lawal's profile image
Wale Lawal
  • Real Estate Broker
  • from Houston | Dallas | Austin, TX
  • Member since Mar 2, 2018

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Wale Lawal's profile image
Wale Lawal's profile image
Wale Lawal
  • Real Estate Broker
  • from Houston | Dallas | Austin, TX
  • Member since Mar 2, 2018
Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
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Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
Replied

@Derek Soohoo

If you're looking to invest in multifamily properties in Chicago, start by researching different neighborhoods to understand rental demand, property values, and landlord regulations. Areas like Pilsen, Bronzeville, and parts of the South and West Sides offer opportunities for value-add investments, while North Side neighborhoods provide more stability but at higher prices. Consider house hacking with an FHA loan for lower upfront costs or explore creative financing options if capital is limited. Networking with local investors, joining Chicago real estate meetups, and connecting with experienced agents can help you find the right deals.

Good luck!

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