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Updated almost 7 years ago on . Most recent reply

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Sarah Burger
  • Chicago, IL
1
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2
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New to Investing in Chicago

Sarah Burger
  • Chicago, IL
Posted

I'm taking my first baby steps into Rental investing in Chicago. House hacking will more than likely be how I do the first property. But does anyone have any suggestions for a newcomer?

Favorite books?

Favorite sites?

Did anyone work as a landlord and work a full time job where they couldn't use their phone, and how did they handle it?

Looking forward to tackling this beast with you all

Most Popular Reply

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15
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5
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Ontwon Smith
  • Philadelphia, PA
5
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15
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Ontwon Smith
  • Philadelphia, PA
Replied

Like the rest of us investors, it's training. I too was not thrilled with the mundane 9-5 existence. Been there. Words can't express the excitement of looking at (and xeroxing before depositing) my first check from flipping a property. I'll never look back. Not familiar with your term, "house hacking" but I'd recommend picking  a few ways to learn and profit from real estate.  I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish. I know, I was one of them who ordered this stuff and much more. People simple get bored too easily. In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours! Really? That just doesn't work and some just walk way. Back to the cubicle. When I made a decision to help others, I realized people wanted more doing than reading. Also great to earn while you learn instead of waiting. Just think- you're young and enthusiastic. A powerful combination, Use it. Profit from it. Energy & knowledge = $$$. Where ever you learn from *(it doesn't have to be me). The most important thing is to apply it. ..And the Good News- it's not Rocket Science. I can tell you that marketing is the single most important thing you can do and master as an investor. 

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