Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

13
Posts
6
Votes
Hope N.
  • Chicago, IL
6
Votes |
13
Posts

Beginner in Chicago

Hope N.
  • Chicago, IL
Posted

Hi BP! I became a landlord on pure, dumb luck when I moved to Chicago three years ago.  

I bought an REO condo in Logan Square, fixed up some cosmetic stuff (who in their right mind paints a living room dark brown?) and not only has it doubled in value, I'm now renting it out at $800/month cash flow.

I'd like my next purchase to be a buy-and-hold multifamily so I can take advantage of FHA 3.5% down. Properties here are selling like hotcakes, and there aren't as many deals anymore, so it might a while until I find the right fit.

Until then, am excited to officially join the Bigger Pockets community!

Loading replies...