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Updated over 8 years ago,

User Stats

166
Posts
67
Votes
Eric La Pratt
  • Investor
  • Chicago, IL
67
Votes |
166
Posts

What next after 203k house hack?

Eric La Pratt
  • Investor
  • Chicago, IL
Posted

We've closed on our 203k multi-family house hack on Chicago's north side and are going through the motions of construction now. I have 6 units total and I want to get to 15 by the end of 2017... so 9 more. Big question is: Now what?

My previous goal was to leverage as much as possible to score something as big as possible and have achieved that with this current house hack. Chicago is a big market. Because of that and the goal I just achieved, there's not enough left over after this recent acquisition to do much of anything here and I would rather not look at another market (I am in metro-Detroit and Chicago proper already).

Shifting gears certainly is the only way forward at this point, no? 

What sage advice is there at this point for a cash strapped investor with an 8a-6p job + a family? Find deals? Find JV partners? Find a mentor?

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