{"id":4219,"date":"2020-12-18T03:44:37","date_gmt":"2020-12-18T09:44:37","guid":{"rendered":"https:\/\/theralphieandryanshow.com\/?p=4219"},"modified":"2022-12-15T07:41:47","modified_gmt":"2022-12-15T13:41:47","slug":"why-we-are-investing-in-northlake","status":"publish","type":"post","link":"https:\/\/box5915.temp.domains\/~theralph\/why-we-are-investing-in-northlake\/","title":{"rendered":"Why We Are Investing In Northlake"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Courage taught me no matter how bad a crisis gets &#8230; any sound investment will eventually pay off.&#8221;<\/p>\n<cite>Carlos Slim Helu<\/cite><\/blockquote>\n\n\n\n<p>This blog should be encouraging to everyone, since no one can be an expert in every location. This blog will give you tips on how you can get &#8216;insider information&#8217;.  It&#8217;s possible because in real estate, no one can be an expert in every <a href=\"https:\/\/theralphieandryanshow.com\/the-1-rule-in-real-estate\/\" target=\"_blank\" rel=\"noopener\">location<\/a>, thats impossible.&nbsp;<\/p>\n\n\n\n<p>Real Estate is hyperlocal, and even though I know more about real estate in general, you know more than me about your specific block: You know which neighbors are loud, unfriendly, or seemingly up to no good. I have more information about my block than you do because I live here, and vice versa.&nbsp;<\/p>\n\n\n\n<p>We are investing in <a href=\"https:\/\/theralphieandryanshow.com\/northlake-il-community-spotlight\/\" target=\"_blank\" rel=\"noopener\">Northlake<\/a> because we understand the market. I have seen enough properties in Northlake to confidently judge home price and condition. When I first looked at 341 Armitage, I saw a great deal, but it was presented horribly and was even underpriced.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Why Invest In Northlake Illinois?\" width=\"500\" height=\"281\" data-src=\"https:\/\/www.youtube.com\/embed\/hT0hzAiQcNA?start=1&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6729d726a02d2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6729d726a02d2\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/box5915.temp.domains\/~theralph\/why-we-are-investing-in-northlake\/#Key_Points_that_led_to_my_decision\" title=\"Key Points that led to my decision\">Key Points that led to my decision<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/box5915.temp.domains\/~theralph\/why-we-are-investing-in-northlake\/#Why_Not_Flip_Something_Bigger_In_Another_Area\" title=\"Why Not Flip Something Bigger In Another Area?\">Why Not Flip Something Bigger In Another Area?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/box5915.temp.domains\/~theralph\/why-we-are-investing-in-northlake\/#What_are_the_Possible_Negatives_of_Investing_in_Northlake\" title=\"What are the Possible Negatives of Investing in Northlake?\">What are the Possible Negatives of Investing in Northlake?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/box5915.temp.domains\/~theralph\/why-we-are-investing-in-northlake\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/box5915.temp.domains\/~theralph\/why-we-are-investing-in-northlake\/#Have_Questions_Ask_The_Velasco_Reynolds_Team\" title=\"Have Questions? Ask The Velasco Reynolds Team!\">Have Questions? Ask The Velasco Reynolds Team!<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Points_that_led_to_my_decision\"><\/span><strong>Key Points that led to my decision<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>I walked every single new listing in Northlake for weeks, trying to help another buyer with a similar purchase. Seeing many homes gave me a good idea of the condition, sales price, and DOM.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>I spoke with a lot of listing agents, attended open houses, and talked to them over the phone. I asked questions regarding traffic, offers, and overall market sentiment.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>I represented a buyer in a purchase of another cape cod, about a block and a half away. I spoke to its listing agent, and although my buyer was the highest and best, it received many offers well above asking.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>My sister tested the rental market in Northlake and received an additional $150 dollars more than what I had expected. It gave us confidence that not only is their buyer demand in Northlake, but it is increasing, as well.<\/li>\n<\/ul>\n\n\n\n<script charset=\"UTF-8\" type=\"text\/javascript\" id=\"idxwidgetsrc-37409\" src=\"\/\/for-sale.theralphieandryanshow.com\/idx\/carousel.php?widgetid=37409\"><\/script>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Not_Flip_Something_Bigger_In_Another_Area\"><\/span><strong>Why Not Flip Something Bigger In Another Area?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>We should not forget that we are still not clear of the most devastating pandemic of our lifetime. Although I am optimistic, I do see many uncertainties and possible side effects from the lockdowns in March that <a href=\"https:\/\/theralphieandryanshow.com\/should-i-buy-sell-a-house-in-2020-while-coronavirus-pandemic-continues\/\" target=\"_blank\" rel=\"noopener\">could impact future investments<\/a>.&nbsp;<\/p>\n\n\n\n<p>Trying to play risk manager here, I feel it\u2019s less risky to strategically invest in this hot market, and in the hottest price range with the highest demand.<\/p>\n\n\n\n<p>Taking a look at Altos research, we see it is not A or B Neighborhoods that are in a seller\u2019s market. It\u2019s specifically C middle-class neighborhoods that are seeing the highest demand.<\/p>\n\n\n\n<p>In my opinion, the easiest positioning is to improve 341 Armitage from the lower price range into the median MLS sales price of $250k+.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Possible_Negatives_of_Investing_in_Northlake\"><\/span><strong>What are the Possible Negatives of Investing in Northlake?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Middle-class neighborhoods I have found are often very strict with code violations, inspections, and additional permits. This drowns out rehab timelines. I have never dealt with the Northlake building department, but my father said they are friendly and helpful. I hope he is right because this home needs a lot of work.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Northlake is a blue-collar middle-class neighborhood. If we see another recession or we are unable to fully recover, neighborhoods like Northlake and their residents are likely to be some of the most affected. If there is no demand and no buyer, home prices come down.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/theralphieandryanshow.com\/the-real-estate-market-post-coronavirus\/\" target=\"_blank\" rel=\"noopener\">The Inevitable Real Estate Shift<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In conclusion, 341 Armitage is an investment, and like with all investments, it comes with risk. <a href=\"https:\/\/theralphieandryanshow.com\/does-fresh-paint-increase-home-value\/\" target=\"_blank\" rel=\"noopener\">Homes and home values<\/a> are somewhat subjective. Human emotion and market conditions affect the price, and I have often found myself questioning my decision, whether I am on the losing or winning side of the bid. If you are the winning bid you often wonder what you missed that other potential buyers found. If you are on the losing side, you also wonder what you missed, and why someone else&#8217;s subjective value is higher than yours.<\/p>\n\n\n\n<p><a href=\"https:\/\/theralphieandryanshow.com\/3-simple-ways-to-start-investing-in-real-estate\/\" target=\"_blank\" rel=\"noopener\">Investing in real estate<\/a> is risky, but if you think it is too risky, you should see how chancy it can be not to invest at all. Do your due diligence and make the best decision with the best information you have. You will either win or learn. Either way, it\u2019s a step forward.&nbsp;&nbsp;<\/p>\n\n\n\n<div style=\"text-align:center\" class=\"wp-block-genesis-blocks-gb-cta gb-block-cta\"><div class=\"gb-cta-content\"><h2 class=\"gb-cta-title gb-font-size-32\" style=\"color:#32373c\"><span class=\"ez-toc-section\" id=\"Have_Questions_Ask_The_Velasco_Reynolds_Team\"><\/span>Have Questions? Ask The Velasco Reynolds Team! <span class=\"ez-toc-section-end\"><\/span><\/h2><div class=\"gb-cta-text gb-font-size-32\" style=\"color:#32373c\"><p>Give us a call to learn more about local areas, discuss selling a house, or tour available homes for sale.<\/p><\/div><\/div><div class=\"gb-cta-button\"><a href=\"tel:+ 16305349357\" target=\"_self\" rel=\"noopener noreferrer\" class=\"gb-button gb-button-shape-rounded gb-button-size-medium\" style=\"color:#ffffff;background-color:#3373dc\">1-630-534-9357<\/a><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Courage taught me no matter how bad a crisis gets &#8230; any sound investment will eventually pay off.&#8221; Carlos Slim Helu This blog should be encouraging to everyone, since no one can be an expert in every location. This blog will give you tips on how you can get &#8216;insider information&#8217;. It&#8217;s possible because in [&hellip;]<\/p>\n<p><a href=\"https:\/\/box5915.temp.domains\/~theralph\/why-we-are-investing-in-northlake\/\" class=\"more-link\" title=\"Read More\">Read More<\/a><\/p>","protected":false},"author":3,"featured_media":4225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"rank_math_lock_modified_date":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152,28],"tags":[41,51,86,87,84,88,46,29],"class_list":{"0":"post-4219","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-northlake","8":"category-real-estate-investing","9":"tag-chicago-suburbs","10":"tag-chicagorealestate","11":"tag-fliporflop","12":"tag-flipping-houses","13":"tag-my-first-house-flip","14":"tag-northlake","15":"tag-real-estate","16":"tag-real-estate-investing","17":"entry"},"aioseo_notices":[],"jetpack_sharing_enabled":true,"featured_image_src":"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/IMG_E637A9E3484A-1-scaled.jpeg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/IMG_E637A9E3484A-1-scaled.jpeg?resize=600%2C600&ssl=1","author_info":{"display_name":"Rafael Velasco","author_link":"https:\/\/box5915.temp.domains\/~theralph\/author\/rafael-velasco\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/box5915.temp.domains\/~theralph\/wp-content\/uploads\/2020\/12\/IMG_E637A9E3484A-1-scaled.jpeg?fit=2560%2C1183&ssl=1","_links":{"self":[{"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/posts\/4219"}],"collection":[{"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/comments?post=4219"}],"version-history":[{"count":10,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/posts\/4219\/revisions"}],"predecessor-version":[{"id":9133,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/posts\/4219\/revisions\/9133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/media\/4225"}],"wp:attachment":[{"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/media?parent=4219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/categories?post=4219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/box5915.temp.domains\/~theralph\/wp-json\/wp\/v2\/tags?post=4219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}