Chicago woman buys her block.

Deflatedhoopdreams

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This is one of those things I feel like I have to be from the hood to understand. Buying a block in the hood sounds like a huge headache to me. Props to her though. Someone’s gotta clean up the communities :ehh:

Buying and renting out houses is a HUGE headache you have to want to keep them up(word to my dad) he's a handy man so he like keep the houses up. Everyone ain't built for that.
 

unique_gentleman

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Buying and renting out houses is a HUGE headache you have to want to keep them up(word to my dad) he's a handy man so he like keep the houses up. Everyone ain't built for that.
This is true, but you can also have someone else manage the headaches, like a property manager/management company. In general, they'll take 10% of the monthly rent (50% of the first month rent for admin fees to find tenants). That'll keep the stress off you other than paying repairs not caused by the tenants.
 

Cave Savage

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That's such a fukking good idea for those who can afford it.

Chicago is nowhere near on the gentrification level of New York, but from New York we can learn that areas that are considered undesirable may become very expensive one day. And even if the property values don't appreciate that much , it's always good to own your home.
 

philmonroe

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Easy for you to say, you don't deal with the ups and downs. I :salute: anyone trying to make a change financially, if you can't stand the vitriol from our own at least you tried.

Most people don't even try :patrice: Just move away like she said. We're taught to haul ass for fukk's sake.
This is stupid online talk that comes from people ime that usually can't move. You don't see many people at all staying in a certain neighborhoods if they have the money to leave. It's not to just goto some white area either like nikkas on here love to say. Alot move to the nicer black neighborhoods too and why shouldn't they?. We all need help at times but you mainly have to do for self and the help does just that not become the only way a person makes moves.
 
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