All Forum Posts by: Martin Vehlow

Welcome Brian! Barrington is a great area, I'm just north of you in Wauconda

I don't know of any groups close by but I'd be happy to chat with you about my experiences investing in the area!

Hey Justin, there's a lot of nuances here - lakefront access obviously will be a premium. But overall, there is definitely demand for entry-level housing in these areas, with easy access to 94/12/59 for commuting and plenty of employers nearby. Hope this helps!

Welcome, Pete! There are lots of us around, you're in the right place!

Sounds like a plan. Yes, I have a 4 unit currently and BRRRR'd a 6 unit recently. I also have a 5 unit listed in Spring Grove currently.

Hi Evelyn,

I am also in Lake County and the 2-4 unit inventory here trades at crazy prices. Usually not for cashflow, unless you can increase the rents by renovating, usually the prices they are selling at is for long-term appreciation over cashflow. I do have a friend who is doing quite well with small multifamily in Kenosha but you have to know the area quite well. Hope this helps!

If you get them at the right price, it absolutely is possible. My clients have bought/sold properties in those areas with no trouble getting them rented.

Christopher,

Most of what I'm seeing in this market are trading at prices where cashflow is little to non-existent. The only play seems to be value-add opportunities where you can increase the rents by rehabbing the units, everything else is in the multifamily space is trading at prices focused on long-term appreciation, in my opinion.

Single-family home rentals here tend to still cashflow.

Disclosure: IL licensed agent with Coldwell Banker

Welcome! You're in the right place. The podcast has been instrumental in my RE investing career! 

The RE assistant job seems like a good opportunity, remember you are become the sum of the 5 people you spend the most time with. :)

@Shawn Good, my understanding is Fox Lake allows STR but you have to get a special use permit and it's a 2 night minimum. It might be worth it if the property is already an Airbnb, visitors and locals here love boating on the Chain!