All Forum Posts by: Alex Bok

@Ruben Brett what is your budget you are looking at? The south side and its suburbs are a great market to get into if you are coming in with lower amounts of cash/funding. But if you are looking for bigger properties, new build etc would look more into the north side

@Joe W. attend your local REI clubs and find out the many different types of real estate investing you can do and then make a decision from there. A lot of it is dependent on whether you are trying to make real estate your business vs an investor in my personal opinion

@Jacob Wazydrag depending on where you are looking if a house hack is not feasible since you are in chicago I would recommend a cash out refi with a property while you put in the work to improve it over time and 'cash out' essentially getting a rental property without anything down. I started my first few properties like this and its a great way to get started!

Post cards work well but sometimes there is confusion on the addresses if they could be an absentee owner but generally they work well. What else has worked for you here? I have tried reaching out to probate attornies to get contacts but it is pretty tough I have found

@Account Closed market is definitely much more competitive now. Have you looked a bit outside the borders such as the Irving park areas? You may have better luck over there

@Joshua Aceret welcome! The south side is a very block to block market. Many investors including myself have been going to the areas you mentioned Roseland, Pullman, West Pullman vs the traditional SS neighborhoods (Chatham, South Shore etc). The areas here are very block to block I will have to say but overall are great neighboorhoods in my opinion. Would love to chat to see where your head is at. Would love to share what I know!

@Chris Mignone would purchase properites at a low price point for cash flow and then cash out refinance and repeat

@Robert Richardson thats awesome! 11k property and it seems like you willl end up getting great returns. Peoria sounds similar to the south side south suburb strategy here so I can definitely relate! Keep it up!

@Grant Ford along with getting in touch with a mortgage broker I would definitely do research in the many different pockets of chicago. I find that it is soooo easy to get lost in terms of investment strategies given how big the city is. I would pick a few areas that you know you would like to invest in and make these your target areas to invest. Good luck!

It is true many wholesalers are not great but there are few that I have met that do it right. But it does occur to me that most of the 'great' deals are taken by the wholesalers themselves to renovate in this hot market