Aug 25 • Deal Hub
🚨Multifamily Deals in Chicago, IL
A market that has surprised me recently is Chicago...
We found multifamily properties going up for auction on Hubzu.com and some of them we're under $100k😳
The apartments in the area are renting for > $2k . Meaning we would most likely break the 1% rule - & be able to cashflow pretty heavily.
Not to mention, some of these were NOT cash only, meaning you could probably get a fix and flip loan to acquire, fund the renovation, and refinance once it's all finished into a DSCR Loan (otherwise known as the BRRRR strategy)
What do you guys think of these deals?
*disclaimer: I am not familiar with this market/ area in Chicago in terms of safety and/or the surrounding neighborhood. You can check this by visiting the property which I highly recommend, or looking on google maps around to see what the area looks like.
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🚨Multifamily Deals in Chicago, IL
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