New Investor in North West Suburbs-seeking knowledge on fix/flip
Hello to all,
I am new to this forum, but have been watching the youtube videos and following REIA for quite some time now, just never pulled the trigger...which brings me here. I am very eager to get into REIA investing. I chose to pursue a fix and flip because adding a lump sum of money for me right now would relieve my financial worries for a good 2-3 years. As little as a 15K profit would give me "financial freedom" for quite some time. I consider myself to be a humble person and would really appreciate anyone who is willing to give me their time and share their knowledge.
I am finally (temporarily) in a financial situation where I have enough for a pretty good down payment on a home up to 250K. I would like to do my first fix and flip and am looking for an agent/investor who can help me find my first property.
Also, if anyone knows of a good GC in the Northwest Suburbs, please let me know. I am compiling a list to see who I want to work with.
DETAILS:
I'm looking in the territory from: NORTH to Vernon Hills/ Mundelein, WEST to Crystal Lake, SOUTH to Bloomingdale/Naperville, EAST to DesPlain.
CRITERIA: Single family home, condo, duplex (exception), townhome
Min Purchase: 80k Max Purchase, 250K
Max Repair: 40K
Min Profit: 20K
Thanks to all!
-Steve B.