Should I buy apartments in the South of Chicago to rent?
Do you mean the "South Loop" or "Hyde Park" or"Beverly" their so many neighborhoods in the Southside of Chicago, some decent, some good and some not. You should start by understanding what your investment criteria is if you are looking for a certain yield, capital appreciation, or flip; this should help you understand the opportunity and set some direction as to where and what to look for when investing. If you are concerned about safety then confine your search to a neighborhood that you would feel safe in, it is that simple. I know investors who have made money in some of worst hit crime neighborhoods of Chicago, they know how to manage and understand the dynamics of these neighborhoods. If you do not have a feel for that, I would limit to areas you consider to be more comfortable with.
Which do you prefer, renting an apartment or a condo in Chicago?
Do you mean prefer or suggest?If you have to ask about whether to rent (apartment) or own (condo) then it sounds like you haven’t been there long enough to know the neighborhood.Therefore rent for a year unless you have other relevant factorsSecond, Chicago is a big town, 230 sq miles, 2.7 million people. There are hundreds or places to rent or own, and hundreds to avoid. You have provided no information about your age, income, family status, et cetera. How can any response be appropriate for all of them?
How old do you have to be to rent a apartment in Chicago?
it depends on the landlord. some landlords might rent to anyone who can pay the rent and pass a credit check. some might only rent to someone over 18 or over 21. some might rent to someone under a certain age only if their parents co-sign the lease (regardless of who is living in the apartment). most landlords do a credit check though, so if you have no credit you might not be able to get an apartment.
What is the best area in Chicago to buy an apartment or house to rent via airbnb?
Dear Reader, it is not good to buy an apartment in Chicago for airbnb due to the fact that almost all condo buildings don’t allow short term rentals, meaning less than 1 year leases, so if you buy a condo in a building that allows rentals, you’ll be stuck with it for market rents.I advice you to buy an apartment building or a house. For cash flow purpose, a building is the best way to go, as in Chicago, out of 12 months, you’ll be lucky to be fully booked about 8 month out of the year, due to very few people booking November - March.Therefor, if you buy an apartment building, the other market rent units will pay your mortgage the months when you are not making a profit through the airbnb.Good luck!
Should I rent an apartment or buy a condo or duplex?
buy buy buy! Its the best way to go. you can then sell it in 5 10 years and use the money you put into it to make a down payment on something bigger and or your home
Should I buy or rent a condo in a northern suburb of Chicago?
There are numerous sites or real estate owners helps you to buy or get condos for rent in USA. But if you want a condo nearby beach, then Playa del carmen is best for you which is full of beaches. I also saw Playa Dal Carmen Condos for sale who have condos in different range with different features Like Baja 1 have 2 spacious bedrooms and one bathroom with a kitchen, living room and dining area. It has a laundry area and ground floor units have a large patio/garden area. Each unit comes with a parking spot at no extra charge and is in a gated community of 60 condominiums.
Is it cheaper to rent an apartment in Chicago in June or September?
Usually, in most markets, people move in the summer. By September, there won't be many good apartments at a "good deal" left. Get to looking in May, watch the prices change, and of course, if you find something that you love and you feel like you're getting a deal, grab it up- Chicago apartments move quick
Should I invest in a condo, in Chicago?
What is the yield and projected capital gain? For second option, you can consider investing in The Bridge - Freehold Shop and Restaurant in most prime location in emerging country with GDP growth above 7% (Higher than China). Rental for the first 5 years will be 6% per annum guaranteed and expected capital appreciation will be 5 - 10% if not more = approx. 16% or more per annumRental for the second 5 years will be 8% per annum guaranteed and expected capital appreciation will be 5 - 10% if not more = approx. 18% or more per annum.All transaction is in US Dollar as well, so there is no currency risk