Skip to content
Get started
Resources & Media
Resource Hub Bookstore Blog Guides Pro-Exclusives PRO Podcasts Pro Partnerships
Events & training
BPCON2025 Webinars Bootcamps Events & Meetups
Strategies
How to Manage Your Rental Property How to Operate a Short-Term Rental How to Passively Invest in Real Estate How to House Hack How Does the BRRRR Method Work How to Flip a House How to Invest in Commercial Real Estate How to Invest in Real Estate How to Invest in Multifamily Real Estate How to Build Wealth
BPCON2025
This is your chance to learn from the best, network with the best, and become one of the best in the game.
Free Webinars
Real estate investors break down the basics, and share tips on how to get your next deal.
Pick markets
Pick markets
Market Finder - NEW PRO Picking a Market Workshop PRO Picking a Market Worksheet Top 100 Cash Flow Markets Market Insights - Sunbelt Region
Market finder
Pinpoint the best real estate market for your specific goals with expert recommendations and real-time data on appreciation, affordability, rent to price ratio, and more.
Find deals
Find deals
On-Market Deal Finder - New PRO Off-Market Deal finding PRO Real Estate Syndications Investor-Friendly Agents Find Foreclosures Community Listings (FSBO) Business Directory
Deal finder
Quickly find your perfect investment property based on your cash flow and ROI goals.
Invelo - Off market deals
Scale your portfolio with off-market deals
Analyze deals
Calculators
Rental Property Calculator PRO Rehab Estimator PRO Rent Estimator PRO BRRRR PRO Fix & Flip PRO Short-Term Rental PRO Sell vs. Keep PRO All Calculators
Rental property calculator
Is it a good deal? Run your numbers like a pro with this simple yet powerful calculator.
Rent estimator
Understand how much rental income you can expect based on recent reports and data for your specific property.
Manage properties
Manage properties
Managing Properties 101 Find a Property Manager RentRedi Property Management Software PRO Property Management Tools Ask a Management Question Finding Tenants PRO Screening Tenants PRO Leases + Landlord Forms PRO Accounting/Bookkeeping PRO Property Insurance Property Maintenance / Rehab PRO
Property management software
Manage tenants, tasks, and your entire portfolio with one simple tool.
Property manager finder
Find reliable property management partnerships that last.
Forums
For You
Newest Trending Unanswered My Discussions Followed Discussions Followed Categories Followed Locations Followed People
General Real Estate
General Real Estate Investing Starting Out Deal Analysis Buying & Selling Business & Marketing Landlording Property Management Reviews & Feedback
Real Estate Strategies
House Hacking BRRRR Short-Term Rentals Mid-Term Rentals Multi-Family Fix & Flip Other Strategies
Finance & Financing
Lending Creative Finance Personal Finance Taxes & Legal Issues
News & Announcements
Official Site Announcements Market Trends & Data Real Estate News & Current Events Pro Exclusive Area PRO
Events & Networking
Events & Meetups Classifieds
Store
All Books
BLACK FRIDAY SALE Best Sellers Browse All New Books & Pre-Orders Bundle & Save Books for Beginners
Simplify your goals and find clarity for your investing
Dave Meyer's newest book gives a practical framework to craft and execute YOUR personalized real estate plan.
Claim your piece of a $30B industry.
Build wealth with this insider's guide to glamping, campgrounds, and RV parks in the outdoor hospitality industry.
Pricing
Plans and Pricing
Pro Membership Business Membership
TRY PRO FOR 7 DAYS COMPLETELY FREE
Avoid mistakes and make informed decisions with Pro.
GROW YOUR BUSINESS
Promote your business on BiggerPockets and make quality connections with the right investors
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Followed Discussions Followed Categories Followed People Followed Locations
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
BiggerPockets Exclusive PRO Area
PRO
General Real Estate Investing
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Commercial Real Estate Investing
Innovative Strategies
Mobile Home Park Investing
Land & New Construction
Multi-Family and Apartment Investing
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions presented by
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Personal Finance
Creative Real Estate Financing
Insurance
Private Lending & Conventional Mortgage Advice
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing

Updated about 8 years ago, 11/22/2016

David Smyth's profile image
David Smyth's profile image
David Smyth
  • from London, England
  • Member since May 7, 2016
Connect

User Stats

7
Posts
1
Votes
David Smyth's profile image
David Smyth's profile image
David Smyth
  • from London, England
  • Member since May 7, 2016
Connect
David Smyth
  • London, England
1
Votes |
7
Posts
New Member Introductions

Newbie Investor

David Smyth
  • London, England
Posted

Hi everybody,

I'm a newbie investor that has been gathering information on RE investing over the past year and I am now ready to starting putting my money to work. Looking for some tips on buy and hold strategy in expensive markets as a newbie. (moving to Chicago in the new year).

Thanks

1 Vote
Follow
2 Replies
Jump to Last Reply
Log In or Sign Up to Reply
Sort By:
Elia S.'s profile image
Elia S.'s profile image
Elia S.
  • Wholesaler/Real Estate Investor/Consultant
  • from indianapolis, IN
  • Member since Mar 16, 2009
Connect

User Stats

242
Posts
48
Votes
Elia S.'s profile image
Elia S.'s profile image
Elia S.
  • Wholesaler/Real Estate Investor/Consultant
  • from indianapolis, IN
  • Member since Mar 16, 2009
Connect
Elia S.
  • Wholesaler/Real Estate Investor/Consultant
  • indianapolis, IN
48
Votes |
242
Posts
Elia S.
  • Wholesaler/Real Estate Investor/Consultant
  • indianapolis, IN
Replied

David Hi and Welcome to BP Chicago is Great Market for Real Estate make sure you Connect with others at the Local Real Estate Club in Chicago an also Meetup lots of other Information on BP as well Good Luck.

0 Votes
Log In or Sign Up to Reply
Joshua D.'s profile image
Joshua D.'s profile image
Joshua D.
  • Investor
  • from Columbus, MT
  • Member since Oct 10, 2013
Connect

User Stats

1,255
Posts
1,097
Votes
Joshua D.'s profile image
Joshua D.'s profile image
Joshua D.
  • Investor
  • from Columbus, MT
  • Member since Oct 10, 2013
Connect
Joshua D.
  • Investor
  • Columbus, MT
1,097
Votes |
1,255
Posts
Joshua D.
  • Investor
  • Columbus, MT
Replied

@David Smyth

Welcome to BP!  Make sure you check out the podcast! 

0 Votes
Log In or Sign Up to Reply
BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes