Asked by Beb0p, San Francisco, CA • Tue Jan 14, 2014
I'm an out of state investor looking to diversify my portfolio. I love Chicago and I have so many questions I don't know where to start. I am looking for something in the low-mid $200k. Looking for primarily condo, 2 bed in an up and coming area or 1 bed in an established area. For starters, how is the real estate and also the rental market? A lot of overbidding? All Cash deal? Multiple offers? I've read that the rental market was very heated last summer but has cooled down considerably lately because of newly built inventory coming onto the market, is that true? Is Chicago a good place to rent out a condo? Does the demand out-weights supply?
Some neighborhoods that I've came across as being potentially good to invest are Wicker Park, Logan Square, West Town, Avondale, Lincoln Park, and downtown. Does that sound about right? Anyone has experience with the aforementioned neighborhood and would like to comment? Any other nabe suggestion? Looking forward to learn all ab
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