All Forum Posts by: Robert Regis

@Jay Chitta Thank you!

@Brie Schmidt  As of right now, we are fairly open, but our target areas would be Avondale/Irving Park/Pilsen/Bridgeport/Bronzeville, ideally. 

Does anyone have great experience with any multifamily real estate companies/agents/brokers in Chicago? Any recommendations?

@Crystal Smith  Thank you for responding. Do you have any insight as to the area near the California Green line? 

What are peoples thoughts in regards to East Garfield Park in Chicago? It seems as the next logical area to gentrify, as people in the west loop will get out priced, and as Humboldt park starts to turn, it would seem logical people move south as it's a 10 minute train ride downtown. I'm looking near the california green line (NE section). I was curious as to peoples thoughts? There are cheap condos and multifamily units there.

@Connor O'Brien thank you for responding. Which area of mckinley park? I have heard mixed things but it does seem very cheap. Is there a strong tenant base?

@Alan Beron hello alan. Thank you for taking the time to respond. Which neighborhoods would you say are the best for cash flow for 2 to 4 multi units?

@John Warren hello John, thank you for taking the time to respond. Which western suburbs would you say are ideal for this? Do they have a strong tenant base?

The market I am currently in has a dearth of deals for cash flow. I am wondering if investors/anyone in general have utilized the house hacking strategy in order to have the tenants lower their mortgage significantly as opposed to cash flowing positively. Obviously you would prefer to cash flow positively, but the market I am in (Chicago) has very few properties that meet the 1% rule. Owning the equity and getting appreciation from the property would have its benefits, in addition the amount I would pay on a mortgage with the rental income would be much less than I pay in rent currently.Looking forward to everyone's thought.