All Forum Posts by: Kendall Moore

Hi everyone, I've been searching for multifamily units in the Chicago area. I have notice a lot of people discuss Greater Grad Crossing a lot. Does any one know why this area is so hot at the moment? Just trying to get a sense as to what are the next up and coming neighborhoods of Chicago. I've tried to search other post but most are from a few years ago. This is my first purchase in Chicago and I am looking in the 200k range.

1 Vote

Chicago, Illinois

Quote from @Nathan Gesner:

Quote from @Kendall Moore:

You can find more multi-family in Chicago for under $200,000 but there's a reason. Chicago doesn't appreciate as well as Houston and is a lot more difficult for Landlords. Those properties under $200,000 in Chicago look pretty rough. And how are you going to renovate and manage them while living in Texas?

I would consider looking at markets that are affordable without the tenant-friendly regulations.

I am originally from Chicago. I visit often and have a lot of contact there for repairs if needed. I also hope to move back there some day if possible.

2 Votes

Houston, Texas

Quote from @Eliott Elias:

Houston is a great market, so much demand and so much diversity, there is almost any type of asset class you can imagine. Happy to connect you with wholesalers out there

Hi if there are any multifamliy units I would love to hear about them. I've checked and did not have much success.

0 Votes

Houston, Texas

Quote from @Frank Avallone II:

Hi @Kendall Moore, glad to hear you are interested in getting started in real estate investing.

Not sure of your current living situation but have you considered getting started with a livin in multi family purchase using an FHA mortgage to put as little as 3.5% down on a multi family up to 4 units?

When looking be patient most of the times a great deal won't be there waiting immediately but you will find one if you keep looking.

Buying and renovating is a great way to create equity to then use to fuel your next investments.

Hi, I currently live in a townhouse. I've been here for about a year now.

0 Votes

Houston, Texas

Hi, everyone, I am new to the forums, I have been reading a lot of other post about questions that I have. I wanted to make my own post. I have seen some consultants on post as well would love to connect to someone if willing to provide me with advice. I live in the Houston, Tx but I am originally from Chicago,IL. I am mostly interested in the Chicagoland area. I have searched the Houston area and not as much luck(I may be looking in the wrong area).

My goal is to hopefully start with multi-family no more than 3 units per property. Plan is to buy one property a year for the next 5 years. I want to hold these units for sometime and collect rental income.

I am looking to buy a place and rehab. Problems I am seeing in Houston, a lot of new construction and the numbers are not working due to the cost of the new units. Chicago has some homes I have come across low prices but may need a lot of rehab.

I am also looking into what pitfalls to be aware of when trying to do a rehab project on homes in major needs of upgrades in Chicago. Zoning laws permits ects.

I am open to the price point of 50k-150k purchase plus about another 50K-100K for rehab.

Would also like to rent out to section 8 tenant if possible. I have checked into starting the process but it seems as if you need to have the property to apply.

1 Vote

Houston, Texas

All Forum Posts by: Kendall Moore

Kendall Moore has started 5 posts and replied 15 times.

Post: Neighborhoods in Chicago

Post: New real estate looking for advice if possible.

Post: New real estate looking for advice if possible.

Post: New real estate looking for advice if possible.

Post: New real estate looking for advice if possible.