Newb from Chicago - MFR 2-4plex investor

[Matthew Fischel]

Hello to my new BP team,

Background:  

I'm a Chicago native, I come from the IT sector (8 years), jumping ship and getting my feet wet in real estate investing full time begins now.   

Goals:  

Near-term, I'm looking to gain employment with a property management team in Chicago, and at the same time build my own portfolio- looking for a MFR 2-4 unit (staying under 5 for now), using a 203K.  

Long-term, develop the tools needed to manage properties, and improve in areas of analysis, accounting, marketing, and ways to hedge assets.  Build a network with other investors.    

Accomplished: 

• Real estate broker's licence  
• Investment fund

In Progress:  

• LLC
• Building a team (Agent, contractor, lender, CPA, attorney)

I'm looking forward to learning from the community and hopefully contributing as well, hope to meet some of you soon.

Thanks,

Matt

[Brie Schmidt]

Originally posted by @Matthew Fischel:

Hello to my new BP team,

Background:  

I'm a Chicago native, I come from the IT sector (8 years), jumping ship and getting my feet wet in real estate investing full time begins now.   

Goals:  

Near-term, I'm looking to gain employment with a property management team in Chicago, and at the same time build my own portfolio- looking for a MFR 2-4 unit (staying under 5 for now), using a 203K.  

Long-term, develop the tools needed to manage properties, and improve in areas of analysis, accounting, marketing, and ways to hedge assets.  Build a network with other investors.    

Accomplished: 

• Real estate broker's licence  
• Investment fund

In Progress:  

• LLC
• Building a team (Agent, contractor, lender, CPA, attorney)

I'm looking forward to learning from the community and hopefully contributing as well, hope to meet some of you soon.

Thanks,

Matt

 Matt - Welcome to BP!  I would not quit your day job just yet if you are looking to buy, you need 2 years of tax returns in your current field to use the income to qualify.  So if you make a job change now it is going to be hard to get a loan.