@Keyona TaylorRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location/neighborhoods to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

Also check out Albany Park, there are some cheapish 4 units and the rents here get very high once do some basic updates. 4s can actually get over 1% rule once factor in the ARV rents.

@Alexis MartinezHow much do you know about Property Classes?

So yeah, a property may look like a good deal, but to the uninformed it's a high risk disaster waiting to happen.

I don't mind being cash poor and high in equity.

@Nikelyia WatersHow much do you know about Property Classes?

(both were pretty accurate in 2018)Garbage: $500/mo (accurate if not a little high)Insurance: $130/mo (way low... it would have been closer to $400)Vacancy 5%, repairs 1%, CapEx 5%, management 0% — all way too lowRed flags I ignored at first:During the house walk-through, we were a little drunk with excitement (don’t do that).  

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?

One thing I’d add is to get a high-level understanding of how real estate benefits you from a tax perspective.

@Louis Jones BeyHow much do you know about Property Classes?