All Forum Posts by: John Hu
John Hu has started 0 posts and replied 12 times.
Jefferson park 3 unit building 3 bathrooms 2 tubs and 1 shower = 315 every month for unmetered... compared to metered property in Lakeview same spec for 150 every other month. unmetered water is a scam... I would avoid at all cost right now.
Post: First Time Home Buyer (One Bedroom Condo)
- Posts 12
- Votes 16
@Zakir Pasha I own 4 condo's as investment property and I can tell you that HOA + tax can easily out run the rent growth. I got into a cash neg situation at the start of the pandemic and on top of that I was hit with a heft special by the HOA. I did these condos because at the time I need to be a hands off landlord and the building took care of most issues for me; but I can tell you dollar for dollar I would not do condo investment again and would put all my money into the 2 or 3 units in Chicago. a 2 unit with a legal ADU zoning is probably the perfect return right now