Beginning on my journey to becoming a REI

[DeAnthony Whitney]

Good Morning,

I'm DeAnthony Whitney, I'm 27 years young and  I'm fresh out of class eager to become my journey as an Real Estate Investor. I resident in the Chicago area for now but I will venture out once I have the knowledge needed to move forward so if anyone could referral me to some great agents that would be most helpful. I started this journey like most because I deserve better for myself and the way I'm living now is not where I want to be so I've decided to make a change. Due to my financial issues it was suggested to be that Wholesaling would be the best route to take until I can build the Capital needed to pursue better opportunities down the line and I'm willing to commit to the process. I plan on moving from Wholesaling on to rental properties then commercial properties. My goal is to create passive income for myself so I can managing my time to get the best out of life while I'm still here. Now with Wholesaling I understand that I have to find a deal, find a buyers list, find a good agent to work with, construct a contract and so on and so far but where I'm stuck at is actually what to say when I've found that agent or how to create the contract seeing as I'm new to this so basically I'm asking for direction. My brain freezes because I just don't know how to properly start off. I understand not every individual I talk to will deal but just having a starting point helps with communicating with these agents or getting a contract ready. lol these beginning stages are the worst so if anyone has helpful advice I could use today please share. thank you 

[Joseph Konney]

Hi @DeAnthony Whitney - Feel free to PM about your specific wholesaling on concerns.

Also, even for those on a limited budget (see websites below for details on eligibility/requirements), there are some grant programs that will allow home purchases for as little as 1% down of your own funds in Illinois. You can find down payment assistance programs for 6-10K here (SFR and 2 UNITS ONLY):

https://www.ihda.org/my-home/getting-an-ihda-loan/

Stackable with the IHDA program, for DuPage county, the county offers up to 3K and this program up to 15K for down payment assistance (SFR ONLY):

https://www.homedupage.org/

For the single family homes (or in your owner occupied unit of the 2-flat), rent out rooms to potentially eliminate living expenses and generate cash flow to fuel your next investment. You can do this in conjunction with wholesaling to possibly reach your goals faster.