Buying a distressed property in the City of Chicago

2/21/2017

Introduction: I begin writing these blogs to tell the story of my experience in buying a distressed property. While I have done multiple rehabs in the past this was my first full rehab in the City of Chicago. I have owned property in Chicago that required minor repair and rehab prior to this project, but nothing as big as a full house rehab (rebuild). Because of this I was very mindful of the reputation Chicago had for its building codes and permitting for rebuilds (rehab, construction). In all honesty, I was apprehensive, nervous and just plain scared. In addition to this I was buying the property in an online auction, another first; not the auction but the buying the property on line. So why am telling you this? Many people either want to do something like this but shy away from it because of all the horror stories they have heard or experienced or they just don’t know where to start. I wish there had been something like this on my journey through this project, telling me in a real-life story, from beginning to end, with all the ups and downs including their feelings, responses and observations along the way. That is what I hope to accomplish with this line of blogs; is to share my experiences for those who may be considering buying a distressed property and rehabbing it or already own a house and are looking to fix it up. I hope to make theirs and hopefully your journey a little easier. So, for the next many weeks I will tell you the story and share pictures and videos of the project; welcoming your feedback, questions and the sharing of your experiences.