Chicago finding deals for BRRRR
Any insight into how to find a good house that I can rehab and keep for rent? I have been looking at the mainstream market (Zillow) and anything good gets outpriced to what they offer. Also they are gone within 1 week where as in 1 week I can barely get information about the structure of the house to make sure it is not damaged.
I thought I found one but it turns out it doesnt qualify for conventional loan because it is currently classified as unhabitable.
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Hi There @Isabel Rao - I think the best way to find good deals is counterintuitive - I'd recommend narrowing your search and buy box, so you are even more focused on exactly what you want.
Find a real estate agent who knows the Chicago neighborhood you are looking in and works with house hackers on a regular basis. Some already great agents commented like @Henry Lazerow and @Eudith Vacio. Also worth connecting with @Brie Schmidt!
Come check out some of the local meetups as well to network with other like minded investors: https://www.biggerpockets.com/forums/521-real-estate-events-...
- Jonathan Klemm
- [email protected]
