New Member in Chicago - Still Developing Strategy

[Nick Szurgot]

Looking for my first (real) deal in Chicago or the greater Chicago region in general. 

I would say I  already completed a deal but it was more of a happy accident, I purchased my condo as a short sale several years ago and as of last year it is appraised at triple what I paid for it. Now that I'm looking at moving and I have a solid career I am looking at what my long term options are and how to move use that first deal as a springboard for some long term success.

I'm employed with a general contractor and love the construction industry so the idea of buying and flipping or BRRRR seem like natural options to consider. I have experience ranging from boots on the ground doing the work to being the draftsperson drawing the plans, and that coupled with a great contact list of experienced and qualified contractors will really help me on my journey.

I'm looking for some help trying to shape my strategy and try to get something rolling soon. I've seen a couple of potential deals in the southwest suburbs but I don't really have a good idea what to do as to what the next steps are to get the deal done as an investor rather than just a guy buying a house. 

I would feel pretty good dropping an offer on one of the properties today but I don't have anything lined up to actually follow through on it. I'm confident I could get the rehab done but the financing and money parts are where I would hit roadblocks immediately. 

How do I build confidence in the finance side?

[Nick Szurgot]

Bill

I actually listened to that podcast last night. 

The next step on this one is definitely putting in an offer on the property in the area I am familiar with with a rehab I know I can manage. 

I guess I'll send the agent an email and see what comes back.