Congratulations! You've made the decision to buy an Apartment building in Chicago
By Kim McMahon
(Executive Realty Group)
You’ve decided to invest in real estate. Okay, so you’ve made the commitment. Your all dressed up and ready to do, but where to start.Run out and buy business cards, for-rent signs, letterhead. Yeah, these are all good things, but all in due time.The first thing to consider is in what neighborhood to invest. The best for-rent sign in the world won’t fill a building in a neighborhood where the cops won’t even go.You need a neighborhood that is close to public transportation, where people can get to and from work, tenants with jobs are good. You want schools close, preferably within walking distance, renting to families is also a good thing, they tend to set down roots, stick around longer and treat your investment like a home. Grocery stores in the neighborhood are great. These are the...
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