Investment property for sale for flipping.

The concept of fix and flip houses is pretty simple. Buy low, sell high. Right? Well, there is a lot more to it, such as all of the stuff in the middle. Buying distressed property in Chicago, IL has its advantages. For example, the type of investment property you buy such as red-brick Chicago bungalows, wood frame houses and other single family homes for sale. Or, you can buy multi-family investment property such as 2-flat wood frame houses, 3-flat Greystones, or mixed use properties for sale. Each has their own real estate market in Chicago, and each has their own rehabbing focus.

Income that you can bring in from investment property for sale in Chicago comes in two forms. You can make an income by flipping houses for profit. When flipping houses for profit your goal is to renovate and update Chicago real estate with a focus on speed. The faster you rehab a home and sell it the better your ROI (return on investment). In fact, while a Chicago homeowner may focus on selling a house for the highest amount of money, a house flipper looks at pricing a home to sell. That means, when flipping houses for profit you are looking at: initial cost of property, ongoing house payments, rehab costs, and profit.

The other investment property for sale in Chicago is rehabbing rental properties for a long-term passive income. When investing in distressed rental properties in Chicago, landlords must look at the overall cost of the property over time, the rehab costs, upkeep costs, and monthly rental income after rehab. For landlords, the advantage of buying distressed properties for rental investment property is that a 2-flat, 3-flat or 4-flat apartment building can be purchased for a fraction of a newer rental property for sale. Even after rehab, the initial property cost is often significantly lower. The benefit of investing in rental property in Chicago’s southside neighborhoods is two-fold. The first is that renter-occupied households are at their highest level since the 1990s. Second, Chicago’s southside is benefitting from the highest number of high-income renters Chicago has ever seen.

URB Chicago has distressed and vacant single-family homes for sale, as well as multi-family properties for sale in Chicago’s southside. We offer seller financed properties for sale that you can buy with a small down payment and affordable monthly payments. Our owner financed properties are a great program if you have bad credit, low income and want to buy investment property for sale in Chicago.