All Forum Posts by: Evan Engelhardt

@John Warren thanks for the advice! Right now my priority is building equity while mitigating cost, so I think it makes sense for me. Down the road I think I would want to build more of a portfolio for cash flow but I know that will have to be more focused on cash flow upside rather than preferable location

Hi,

I'm new here and starting to learn about real estate investing.. I'm looking to buy a multi-family home in Chicago (Wicker Park / Bucktown area) and live in one of the units.

From what I see on the market / the analyses i've done using rentometer, it looks like (roughly) most scenarios are around breakeven.

The reason why I'm not looking at areas that have higher potential cash-flow is because this is where I want to live

Does it make sense to invest in a property where I'd break even like this? Or would it be better for me to rent, and invest in a property elsewhere that could bring in positive cash flow

Any thoughts or suggestions are more than welcomed

Thanks!

-Evan