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Updated 3 days ago on . Most recent reply

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Andrew Sangar
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4
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New to Real estate investing

Andrew Sangar
Posted

Hey everyone, I just turned 23 and want to start buying property asap. I'm from Chicago and I currently do Airbnb arbitrage on a 4bed house in indiana. The place does well so I want to expand and buy a place in the same area with my partner. I had a few considerations in mind...

realtor?: it's my first time buying property so I feel like a realtor might help, but I don't like the idea of paying up to 3% in commission fees (unless she can convince the seller to pay it). 

Expensive or cheap: it's my first place and I don't know if I want to get a cheaper deal but 2 bedroom, but idk if it would pay as well. Or pay 100-200k more and get a bigger unit that I know would do well during fb season. I think I'd be able to expand faster if I get the cheaper unit...idk

location is also a deciding factor - part of the reason my current unit does well is bc it's within walking distance to the college stadium. 

I'd love to hear your thoughts!

Most Popular Reply

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Paul De Luca
  • Real Estate Agent
  • Chicago, IL
1,437
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Paul De Luca
  • Real Estate Agent
  • Chicago, IL
Replied

@Andrew Sangar

Working with a good investor-friendly agent is well worth it in my opinion since there's a lot of education and things to know about real estate investing (especially in a particular area). There's a lot that can go wrong if you don't have experience. Oftentimes a seller is willing to pay a buyer agent brokerage commission for the right price.

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