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Updated almost 9 years ago,
Fairly new real estate investor from Chicago
Hi everyone, I'm Marcus from the south side of Chicago,and for the past 5 years I've worked for a construction company that builds high rise condo/ apartment buildings in downtown Chicago. Sounds fun right? far from it its a fast pace hustle and bustle job outdoors in temps from negative 30 to 100 plus degrees. Rain sleet snow 40 mph winds we're out there so it's pretty dangerous as well to say the least. Which brings me here enough about my job that I love so much. About two years ago a friend of mine who needed some cash sold me two condos at a very good price that were move in ready. I found two section 8 tenants moved them in and things have been great minus the housing association but that's another story. Nevertheless I wanted more, so before I dove in head first I tried educating myself a bit not a big reader but I listen well so I found some podcast on YouTube and attended than Merrill fortune builders 3 day seminar. I found the seminar to be very informative but my partner and I decided that we would rather spend the 30k up sale towards new property. Left the seminar feeling that multi family units were the end result and the best way to gain passive income. So my search began got a call from a friend (now ex) of the family who I allowed to rush me into a deal and signing a contract in fear of losing it to another buyer. Things have been hell every since luckily I was able to pay for my very stupid mistakes and should be closing in two weeks. I hate the feeling of being took advantage of and welcome as much advice as possible, thanks for allowing me to vent.