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Updated almost 8 years ago, 03/13/2017

User Stats

7
Posts
2
Votes
Yolanda Sellers
  • Chicago, IL
2
Votes |
7
Posts

Newbie Gal from Chicago!

Yolanda Sellers
  • Chicago, IL
Posted

Hello my name is Yolanda  I'm a Real Estate investor! Although I'm a newbie and working on completing my very first deal, I consider myself a success and I'll tell you why. A few months ago when I decided to take the proverbial leap into the real estate world, I'll have to admit I was very scared!  Most people fear what they don't know or understand and I was no exception. Like a lot of people, i've always had an interest to be financially independent. I was also excited whenever I saw a show about real estate. I also read somewhere that 80% of wealthy people  became that way through real estate. I decided that the only way to change my situation was to go outside of my comfort zone and be scared. I went to several investor groups but  quickly became discouraged because most of them seemed like they were selling products. Since I had no money that did not help matters. I in the meantime kept reading articles in BiggerPockets. The articles kept me encouraged. I Came across an article in real estate success stories that featured two gentlemen Cory and Zack who were working on their very first flip.they  are part of an investor group called Chicago action investors started by BP member Aaron Vaughn. I attended the meeting and loved it! It was very informative and supportive. Shortly after that meeting that I decided to take action with their support. Much thanks to BiggerPockets for their FREE  informative articles and support that I found I had to pay for on other websitesI would advise anyone trying to get involved in real estate to keep searching and find their niche I did! 

User Stats

283
Posts
71
Votes
Alex Bok
  • Real Estate Agent
  • Chicago, IL
71
Votes |
283
Posts
Alex Bok
  • Real Estate Agent
  • Chicago, IL
Replied

@Yolanda Sellers welcome to the real estate world! Wishing you many successes for the future. Real estate as with many things is tough to get started but once you have your base/niche has many rewards! Look forward to hearing everything you are doing in the future!

User Stats

12,855
Posts
1,379
Votes
Mark Nolan
Pro Member
  • Professional
  • Carlsbad, CA
1,379
Votes |
12,855
Posts
Mark Nolan
Pro Member
  • Professional
  • Carlsbad, CA
Replied

@Yolanda Sellers

Welcome to Bigger Pockets. Make sure to listen to the podcasts. They are very informative, and contain ample information. https://www.biggerpockets.com/blogs/

  • Mark Nolan
  • Baselane logo
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    User Stats

    688
    Posts
    367
    Votes
    Elbert D.
    Pro Member
    • Real Estate Entrepreneur / Investor
    • Chicago, IL
    367
    Votes |
    688
    Posts
    Elbert D.
    Pro Member
    • Real Estate Entrepreneur / Investor
    • Chicago, IL
    Replied

    Yolanda Sellers congrats and hope you continue your success. So your first deal was a flip?

  • Elbert D.
  • User Stats

    7
    Posts
    2
    Votes
    Yolanda Sellers
    • Chicago, IL
    2
    Votes |
    7
    Posts
    Yolanda Sellers
    • Chicago, IL
    Replied

    Thank you Mark Nolan for the heartfelt welcome. Hey Elbert! thanks for responding and yes my very first project is a  flip of a two flat in Englewood. I am very excited because the area is undergoing a lot of development. Whole Food, Chipotle, and Starbucks havw all set up shop here. In addition there is an awesome coffee house called Kushnaya Cafe that was established by a recent Russian immigrant who has purchased properties in the area. I was also very surprised to learn of a five-star restaurant that was established by Washburn school called Sania! Lastly Kennedy King College has torn down their old buildings and redeveloped new ones. They are also buying up a lot of land in the area. All of the liots in and around Englewood have been purchased by the school. Lastly BNSF Railroad is also doing a massive land grab as well. All of these things contributed to me deciding to invest in the area. The group Chicago Action investors are focused in this area as their flips have been selling pretty quickly. I was able to check out one of their recent flips at 6537 South Green set sold during its construction.

    User Stats

    688
    Posts
    367
    Votes
    Elbert D.
    Pro Member
    • Real Estate Entrepreneur / Investor
    • Chicago, IL
    367
    Votes |
    688
    Posts
    Elbert D.
    Pro Member
    • Real Estate Entrepreneur / Investor
    • Chicago, IL
    Replied

    Wow i didn't know Englewood was doing that much changing. Well continue with your real estate journey and maybe later this year look for a rental yourself.

  • Elbert D.
  • User Stats

    197
    Posts
    130
    Votes
    Syed Lateef
    • Professional
    • Chicago, IL
    130
    Votes |
    197
    Posts
    Syed Lateef
    • Professional
    • Chicago, IL
    Replied

    To be honest this sounds like an advertisement from Chicago action investors

    User Stats

    92
    Posts
    36
    Votes
    Danny Duran
    • Rental Property Investor
    • Mars, PA
    36
    Votes |
    92
    Posts
    Danny Duran
    • Rental Property Investor
    • Mars, PA
    Replied

    @Yolanda Sellers - is your two flat in the 5700 block of May Street? 

    I just wholesaled a greystone 2-flat property to Aaron Vaughn in that block.  It sounds like the very same one you're talking about. 

    User Stats

    98
    Posts
    33
    Votes
    Brynn Misener
    • Real Estate Agent
    • Chicago, IL
    33
    Votes |
    98
    Posts
    Brynn Misener
    • Real Estate Agent
    • Chicago, IL
    Replied

    @Yolanda Sellers Welcome!

    User Stats

    4,766
    Posts
    1,366
    Votes
    Tom Ott
    • Equity Raiser and Turnkey Provider
    • Cleveland, OH
    1,366
    Votes |
    4,766
    Posts
    Tom Ott
    • Equity Raiser and Turnkey Provider
    • Cleveland, OH
    Replied
    Originally posted by @Yolanda Sellers:

    Hello my name is Yolanda  I'm a Real Estate investor! Although I'm a newbie and working on completing my very first deal, I consider myself a success and I'll tell you why. A few months ago when I decided to take the proverbial leap into the real estate world, I'll have to admit I was very scared!  Most people fear what they don't know or understand and I was no exception. Like a lot of people, i've always had an interest to be financially independent. I was also excited whenever I saw a show about real estate. I also read somewhere that 80% of wealthy people  became that way through real estate. I decided that the only way to change my situation was to go outside of my comfort zone and be scared. I went to several investor groups but  quickly became discouraged because most of them seemed like they were selling products. Since I had no money that did not help matters. I in the meantime kept reading articles in BiggerPockets. The articles kept me encouraged. I Came across an article in real estate success stories that featured two gentlemen Cory and Zack who were working on their very first flip.they  are part of an investor group called Chicago action investors started by BP member Aaron Vaughn. I attended the meeting and loved it! It was very informative and supportive. Shortly after that meeting that I decided to take action with their support. Much thanks to BiggerPockets for their FREE  informative articles and support that I found I had to pay for on other websitesI would advise anyone trying to get involved in real estate to keep searching and find their niche I did! 

     Hello and welcome!

    Feel free to send me a message with any questions. Best of luck to you!

    User Stats

    7
    Posts
    2
    Votes
    Yolanda Sellers
    • Chicago, IL
    2
    Votes |
    7
    Posts
    Yolanda Sellers
    • Chicago, IL
    Replied

    No, this is not an endorsement I'm just extremely excited to share my experience.

    User Stats

    75
    Posts
    32
    Votes
    Oscar Jacome
    • Investor
    • Chicago, IL
    32
    Votes |
    75
    Posts
    Oscar Jacome
    • Investor
    • Chicago, IL
    Replied

    @Yolanda

    @Yolanda Sellers Welcome to BP.

    As suggested before, listen to the podcasts and read the forums to start building your knowledge.

    Oscar

    User Stats

    7
    Posts
    2
    Votes
    Yolanda Sellers
    • Chicago, IL
    2
    Votes |
    7
    Posts
    Yolanda Sellers
    • Chicago, IL
    Replied

    @Syeed Lateef,

    This is not an endorsement I'm just really excited and enthusiastic about getting involved in real estate and would like to hear about other like-minded folks experiences in real estate.

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    User Stats

    38
    Posts
    6
    Votes
    Mark Wilton
    • Investor
    • Mount Prospect, IL
    6
    Votes |
    38
    Posts
    Mark Wilton
    • Investor
    • Mount Prospect, IL
    Replied

    @Yolanda Sellers - Welcome to BP and good on you for taking that huge first step!! Love it. Anything you need, please don't hesitate to reach out