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Updated about 9 years ago on . Most recent reply

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6
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2
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Catherine Dickerson
  • Investor
  • Joliet, IL
2
Votes |
6
Posts

Newbie from Chicagoland...

Catherine Dickerson
  • Investor
  • Joliet, IL
Posted

I have just discovered Biggerpockets.com and am finding it very informative. I started my real estate investing in 2006 just before the recession. That has slowed me down quite a bit and am just now getting reading to consider investing again. I am very interested in multifamily properties. I currently own a four plex in Joliet, IL. The cash flow from the property has "carried the day" as my LTV is not looking good because I bought in 2006. I would love to add my portfolio. Managing the property has been challenging at times but the cash flow keeps me at it. Real estate taxes are killer here so don't know if I will be investing again in Illinois.

Most Popular Reply

User Stats

353
Posts
213
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Dale Stevens
  • Investor
  • Downers Grove, IL
213
Votes |
353
Posts
Dale Stevens
  • Investor
  • Downers Grove, IL
Replied

Welcome @Catherine Dickerson as a fellow Chicago area investor! There is a ton of great advice, information and even good people here on BP, but with everything, trust your gut. Ask questions and do not just believe everything posted on the Internet.

Education is important, extremely important, but also the education needed to have a fully functional "BS" detector. 

Get out in person and do things. In the end, that is what must be done for real estate to be successful. 


Wishing you luck and success in your endeavors!

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