Need advice before purchasing a rental property

Naperville, Illinois
Buying & Selling Real Estate
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Need advice before purchasing a rental property

Mohammed Raziuddin
Member since 2026 · 2 posts · 1 vote

Found a property I liked and was wondering if I can connect with someone who has more experience. 

Found a property that is on the pricier side due to its location right next to a religious institution. 2bd 2bath for 395k$ in Glen Ellyn Lombard area. 

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Vijay FriedmanBusiness Member
Miami, FL · Member since 2026 · 766 posts · 122 votes
2mo
Quote from @Mohammed Raziuddin:

Found a property I liked and was wondering if I can connect with someone who has more experience. 

Found a property that is on the pricier side due to its location right next to a religious institution. 2bd 2bath for 395k$ in Glen Ellyn Lombard area. 

@Mohammed Raziuddin
Before focusing on the location alone, I'd look closely at the rental numbers. Compare expected rent, taxes, insurance, maintenance, and vacancy to make sure the property still cash flows. If it's next to a large institution, I'd also research how that affects tenant demand and resale value over time. Hope that helps, and good luck with the purchase!

786-656-0387
DreamPoint Capital
WebsiteView Page
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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 726 votes
    2mo
    Quote from @Mohammed Raziuddin:

    Found a property I liked and was wondering if I can connect with someone who has more experience. 

    Found a property that is on the pricier side due to its location right next to a religious institution. 2bd 2bath for 395k$ in Glen Ellyn Lombard area. 

    Hey @Mohammed Raziuddin, welcome to the BP Forum! What's the square footage of the property and lot? Does it need much done in terms of rehab?

    [email protected]
    1Reply
  • Jacob CamhiBusiness Member
    Hinton, WV · Member since 2026 · 131 posts · 40 votes
    2mo

    hey, it's cool you found a property you like. for that glen ellyn / lombard spot, i'd really dig into the local numbers to make sure that price makes sense.

    first, check out the county recorder or assessor's site for recent sales of similar 2-bed, 2-bath places in the immediate area. this helps you see if $395k is on target. then, look at what comparable rentals nearby are actually going for – not just what's listed, but what's leased. for the religious institution, think about any impact like extra traffic, noise, or parking on specific days. that could affect a tenant's experience. also, always check property taxes for that exact address on the county auditor's site; they can vary and impact your cash flow a lot. it helps to know what similar homes next door are paying.

    1Reply
  • Vijay FriedmanBusiness Member
    Miami, FL · Member since 2026 · 766 posts · 122 votes
    2mo
    Quote from @Mohammed Raziuddin:

    Found a property I liked and was wondering if I can connect with someone who has more experience. 

    Found a property that is on the pricier side due to its location right next to a religious institution. 2bd 2bath for 395k$ in Glen Ellyn Lombard area. 

    @Mohammed Raziuddin
    Before focusing on the location alone, I'd look closely at the rental numbers. Compare expected rent, taxes, insurance, maintenance, and vacancy to make sure the property still cash flows. If it's next to a large institution, I'd also research how that affects tenant demand and resale value over time. Hope that helps, and good luck with the purchase!

    786-656-0387
    DreamPoint Capital
    WebsiteView Page
    1Reply
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