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Updated about 1 year ago on . Most recent reply

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Ruth Garcia
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6
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Building a network

Ruth Garcia
Posted

Hello! 

Although I have been following the Bigger Pockets crew and gaining much needed knowledge over the last year, I finally pulled the trigger and bought my first investment property. Super excited and a little freaked out all at the same time. I'm getting started in trying to build my network in the Chicago area and connecting with like minded investors.  

Due to housing prices being so high in Chicago, I ventured out to Antioch to buy my first property. Trying to gather some knowledge on the market as I am VERY interested in turning my property into a Mid-Term rental, however, I'm not sure that there are enough businesses looking for housing in this area and considering traditional LTR instead.

Any advice/guidance would be greatly appreciated!

Ruth

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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
2,757
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
Replied
Quote from @Ruth Garcia:

Hello! 

Although I have been following the Bigger Pockets crew and gaining much needed knowledge over the last year, I finally pulled the trigger and bought my first investment property. Super excited and a little freaked out all at the same time. I'm getting started in trying to build my network in the Chicago area and connecting with like minded investors.  

Due to housing prices being so high in Chicago, I ventured out to Antioch to buy my first property. Trying to gather some knowledge on the market as I am VERY interested in turning my property into a Mid-Term rental, however, I'm not sure that there are enough businesses looking for housing in this area and considering traditional LTR instead.

Any advice/guidance would be greatly appreciated!

Ruth


 Hey Ruth

Go to AirDNA and use their Rentalizer and Overview products.  They'll tell you whether it's a viable option or not.

Stephanie

  • Stephanie P.
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