All Forum Posts by: Robert Regis

Does anyone know of the appreciation potential in northwest indiana? I am from Chicago and the political climate and high tax rates seem like it would be rife with opportunity. Illinois has more people leaving the state than any other due to the high tax burden caused by the pensions. If you have a good job in Chicago, it would make sense to move to NWI due to the proximity and the south shore line. You are essentially living in a chicago suburb without the prices. I have been examining the market and it seems very stable/affordable. Does anyone have a insight into NWI, specifically Hammond? I've seen mansions that would be worth at least a million in oak park go for very cheap in parts of hammond. Is it more of a cash flow play or appreciation? Appreciation potential seems to be there.

Where has everyone had luck in the midwest investing in single/multi families and generating cash flow/appreciation?

Hello, I am new to biggerpockets and was wondering what the best way to study a market is. What are the best websites to do comparables/see what properties with certain amenities rent for by area? I've been on zillow but I've heard to take their estimates/projections with a grain of salt. Looking forward to comments

This is very helpful, thank you very much. Is this a case of the market being too inflated?  Do you anticipate the market correcting itself and regressing to the mean anytime soon?

@Jason Marcordes Thank you for the information! If that is the case, how are people making money? Or are the cash flow margins in Chicago super slim and it's more of an appreciation market? Or is there more opportunity in the suburbs?

What neighborhoods would you say would be more inclined to have a better deal?

Okay, to start, what are the best neighborhoods for cash flow where it's feasible to enter the market without putting a lot down. Is it possible to get a good CoCROI putting $50k down on a $250k property and getting enough cash flow to make it work? It seems that the properties in many areas are quite expensive and won't net the required cash flow to make the transaction work.

In everyone's opinion, what are the best up and coming neighborhoods in Chicago to invest in real estate, whether they be single families, multi families, apartment complexes, etc.

What would be considered a good deal for Chicago? I've been examining areas such as Avondale, Irving Park, Humboldt Park, Bridgeport, and Mckinley Park, and from what i've researched people claim that these are up and coming areas where a good deal can be had. From what i've seen on websites such as Zillow, even remedial properties are going for $330k +. If you look at what they sold for several years ago, they were dirt cheap, which leads me to think we are in a bubble. Long story short, what would be considered a good/decent deal as far as a house?