All Forum Posts by: Alex Bok

Not out of state but I work with and own properties in Chicago and have gotten solid cash flow from them. Management is really key in Chicago as with other cities I presume

@Abhi Patel I like franklin park as a  solid multi family investment area i know a couple of investors in this area and have helped them look for properties here. 

@Elliott Kim welcome to BP! It sounds like you are in a tough situation would definitely not waive any inspection contingencies as they are a good way to get out of a deal. I agree with @James C. said price it according to your numbers and do due diligence! Hope this works out for you!

@Evan Thoma would love to get more information about this property!

@Yolanda Sellers welcome to the real estate world! Wishing you many successes for the future. Real estate as with many things is tough to get started but once you have your base/niche has many rewards! Look forward to hearing everything you are doing in the future!

@Kevin Huang would love to connect to talk real estate strategy! You are definitely in a good position and your mind is in the right place investing in real estate at such a young age! I wish I had gotten started sooner

FHA is a great method to buy your first property due to keeping your own cash. It is true you lose on MIP if your numbers work right it is definitely beneficial. House hacking a 2-3 flat would be the most ideal but you will definitely need to do research on this and many of these places are very competitive recently so closing FHA on these may be tough.

I personally love the logan square area currently out of the ones you mentioned. 

welcome man I work very often in the South side and South suburbs of Chicago would love to connect

@Ken Li I do work a lot in the south side and in my personal opinion this is a solid pocket for investing. Very strong rental area mostly multi families here. Generally there often isn't much inventory here. Anything below 47th I would say is still block by block particularly as you get away from the lake. 

Hope this helps! Would love to connect as well to help anyway that I can

hey Chris I have a good recommendation for you regarding this it's with urban partnership

Welcome! Chicago is a great place to invest in. I have done most of my investing in the south side of Chicago to gather cash flow and am now looking in the north side or western suburbs for a larger deal now. Would love to connect here with like minded folks