I FINALLY JUMPED IN WITH BOTH FEET!!!!

[Patrick Roob]

Hey everyone!

First off, I would just like to thank each and everyone of you for providing an AMAZING group of like-minded people for me to reach out to for suggestions, advice, opinions or answers! I feel truly blessed to have found the BP community!

That being said, although this post is late, I am excited to announce that I have finally "pulled the trigger" on my very first rental property in Northern Illinois (Round Lake) with it being a four unit row home BRRRR! Although the property was 315k with purchasing 3.5% down FHA and having multiple credits, I was able to walk away from the closing only paying $4,500 out of pocket while also reducing my monthly living expenses by $1,200 per month!!!! Although I am currently living in one of the units, the other three units not only covers the mortgage insurance, principal and interest, but I am cash flowing $100 above those expenses!

I just wanted to drop a line on this forum, not only to excitedly describe my first deal, but also to connect with other like-minded individuals! Although I purchased this four-unit 6 months ago, I am already on the hunt for my next BRRRR strategy rental being an SFR. If you would like to connect, and stay in touch as I continue to build my portfolio, please feel free to reach out.

Additionally, to those individuals in the Northern Illinois or Southern Wisconsin REI markets, please connect! I am always looking to meet and get to know anyone, especially those who enjoy talking real estate. I am a firm believer that in life, it's not always what you know, but often who you know which opens up incredible opportunities. That being said, to trigger some local investors keyword alerts, I have listed a handful of towns below within close proximity of myself!

Keyword Alerts: Gurnee, Waukegan, Grayslake, Round Lake, Round Lake Beach, Mundelein, Libertyville, Lincolnshire, Vernon Hills, Lake Forest, Lake Bluff, Deerfield, Arlington Heights, Wheeling, Buffalo Grove, Palatine, Schaumburg, Crystal Lake, Cary, Pleasant Prairie, Kenosha, Racine.

Stay in touch!
Patrick