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Updated over 8 years ago on . Most recent reply
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New Member from Chicago / Milwaukee Eager to learn & network
Hi All,
My name is Tom Connolly, and I live in the northwest suburbs of Chicago, about equidistant from Chicago & Milwaukee.
I am employed full time in software sales, and my wife is full time employed in Digital Marketing.
We are interested in beginning a real estate career as a part time job. I am working on putting together a business plan now, and the reason why we would like to invest, is to at some point have complete financial freedom by owning our own business.
Goal/Vision (currently) - Knowing this may shift as I get more into the real estate community:
1) Find great mentors! Continue to read and self-educated on real estate investing
2) Buy first property by April 2017
3) Build a plan to acquire and rent 50 rental properties comprised of Town homes, Single Family Homes, and possible Duplex-Quadplex properties
3) Start soon, start small - I understand all of the 'tools' in real estate investing, and I am trying to not boil the ocean. I'd like to get very good at buy/hold, and expand when I feel more comfortable with other strategies such as commercial renting, wholesaling, etc.
Excited to connect with anyone on the forum, especially those located near Chicago IL & Milwaukee WI for advice. I'm not sure what benefit I can contribute initially, but I'll find a way. Big believer in Karma & Paying it forward!
Cheers!
Tom Connolly
Most Popular Reply
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Sounds like you have a plan, which is very important first step! Second step is to talk to a number of lenders and figure out all of your options/narrow down your plan. Good luck, and welcome!