New Member from Chicago, IL

[Julio Puentes]

Hello BP Community. My name is Julio Puentes from Chicago, IL. I recently joined the BP website and looking to learn as much as possible in order to jump into my first REI. Aside from owning my single family home and managing my late father commercial property, I consider myself very much a newbie to Real Estate. However I have this itch to invest in my first property to get started on my path to financial freedom and eventually liberate me from my 9-5.

I have two goals at the moment. First, purchase my first rental multi-home property (2-3 flat) within the next 6-8 months. As far as capital for the purchase and rehab costs, I am looking into a Home Equity Line of Credit, which I think I could probably obtain around $115K. Of course, with this first goal would be to rehab and fully rent this future property. My second goal, is to figure out what to do with my late father and uncle's 10,000 S/F commercial warehouse property.  I'll post more about this in the commercial property section. 

Thanks and look forward to learning and connecting within this community. 

Julio 

[Brandon L.]

Hello! @Julio Puentes

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent.

There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)