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Updated over 2 years ago,

User Stats

8
Posts
4
Votes
Andrew M.
  • Real Estate Investor
  • Chicago
4
Votes |
8
Posts

Looking For Advice/Mentor For My First Flip

Andrew M.
  • Real Estate Investor
  • Chicago
Posted

I'm looking to start investing in real estate and its a big decision, so I was wondering if anyone had any recommendations on your first flip. I'm looking for advice as to where to start and if possible a mentor. Does anyone have any initial first steps and some advice on your first flip

About Me

I'm a 29 year old working professional. I've been working in tech since I graduated college. For the past couple of months, I've thought about how I dont see myself working in this industry for the rest of my life. I figured I might as well focus my career on something that I enjoy. I have experience with renovations, since I completely renovated my condo (demo, tiling, flooring, cabinet install, plumbing). My parents also own a couple apartment buildings, so I've been renovating managing them with my parents. 

Financials

I currently own my condo, and have around 55k of equity in it. My current salary is 140k a year and I have around 120k saved in my bank account. 

Real Estate Goals

I really enjoy the construction aspect of real estate, so that's why I'd like to be more hands on. But I do realize that it makes the most sense to hire construction out to a GC or subs. I would initially want to start off in flipping houses in the chicagoland area and eventually have a combination of rentals while still doing flips. 

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