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Updated almost 9 years ago on . Most recent reply

User Stats

20
Posts
8
Votes
Cesar Torres
  • New to Real Estate
  • Brookfield, IL
8
Votes |
20
Posts

Illinois Newbie looking for 1st home/investment

Cesar Torres
  • New to Real Estate
  • Brookfield, IL
Posted

Hi Bigger Pockets,

I recently graduate university with a finance degree. Got a J.O.B. and saved a couple grand, so now I need to move out of the nest egg. I've always been interested in investing in real estate. I'm looking to buy a 'fixer upper' to live in and the sell or rent out in 2-3 years or sooner. I'm open minded about my strategy not ruling out townhomes or condos but would prefer a single family home. 

I'm would appreciate any referrals to  real estate agents who are friendly to first timers both in investing and buying a home particularly in the Downers Grove, Westmont, La Grange, Brookfield area. Those are the four towns I have been keeping a close eye on. Also would appreciate any wholesalers with deals. I would need to finance this with a mortgage though, since I only have enough for a down payment about 10k.  

 I'm trying to knock out 2 birds with one stone. 1. Move Out. 2. Start investing in real estate. Pretty much trying to flip a house as a retail buyer. I'm sure I'm not the first to have this desire so please share your wisdom. If you have any advice for me I would truly appreciate it.

Thank you,

Cesar Torres

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