All Forum Posts by: Tanisha Blakemore

Thanks Gerald!

For a newbie in flipping, would you suggest hiring  contractor for repairs/repairs? I would you use people specialized in certain areas(plumbing, carpenter, electrician,etc) ?

As a landlord what service would you use or who do you use for property maintenance,whether single family home/multi-unit property(lawn service,snow removal, handyman,etc.) Any suggestions in Chicago?

Thanks all for the advice!!! Taking notes now!!

How do you receive your rental payments(cash, deposited in personal acct, software)? What's the best software for managing rental property?

Thanks all!! Honestly I have considered all areas. I was in Wicker park today and I LOVE the area. Any of the areas up north are really nice. Wicker, Bucktown, Ravenswood, Lakeview, etc. The more time I spend up there the more I'm considering purchasing there for my next property.  I don't have a problem with residing in same bldg as tenants.  That has been my current situation for the past 9 years. I'm now ready to get more bang for my buck including enjoying the area as well, though purchase price maybe more. I have rubbed off on my fiancée so he'll be looking to purchase as well.

Which is another question I have?? Better for us to purchase one together or 1 each separately?? He's gets the 1st home buyer perks. 

Southside has potential because prices are still low. Depends if you're looking to flip or buy and hold. As far as tenants, you have to do in depth screening. Overall there is opportunities there.

Thanks @Josh Mitchell I will definitely be looking more into that option.

@Josh Mitchell those areas are definitely on my radar. I actually would love to move to that area myself, that's definitely an option. 

I am weighing my options,  trying to see what's more beneficial. 

Option 1:Purchase a 3 to 4 unit in that area and reside in one unit and rent the others. Which will include additional rent from the unit that I live in now on the south side.

Option 2: purchase a single family home to rent in another area. Along with my fiance purchasing a property for us to reside in (he will have the perks of being 1st time home buyer) and renting the my 2 unit on the south side,  1 of those units producing cash flow.

????

Hi All

I purchased my first multi unit 9 years ago and looking to dive back in and purchase more property. My rental property is on the southside of Chicago and looking to possibly purchase on the North or West side of Chicago. What areas do you suggest??