Special offer

Beginning Investor FAQ #5

By
Real Estate Agent with Chicagoland2to4Flats.info

5.  How do I choose the right area?

a)     Going OWNER-OCCUPIED is the only option if the price of property in an area is too high to support a pure rental (and so almost all that is being sold goes to people who want to de-convert or be live-in landlords).

b)     If you want to go non-owner occupied, there are few, if any, opportunities on the regular rental market to cash flow a 2- to 4-flat with any kind of low down. Many believe the best arm-chair 2- to 4-flat opportunities are for Section 8—and rehabbed, Section 8 ready properties are most commonly found on the south (centered around areas 42, 43, and 69) and west side (areas 23, 26, 27, and 29).

And this is just the start of what you’ll find at www.Chicagoland2to4Flats.info!!!

Comments (0)