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Updated over 5 years ago,
23 yo Newbie from Chicago Ready to Take the Plunge
Hey everyone! My name is Kobi, I'm 23 years old, living in Chicago, and finally looking to take the plunge into buying my first property. I own a luxury streetwear company in India and a contemporary art gallery focusing on virtual reality art, both of which I am currently managing from Chicago. I've always known that I was going to want to get into real estate investing early on in order to build long term personal wealth, but only recently have I begun to start heavy research and reading as much as I can into buying my first property.
I've seen so many of my friends start their corporate jobs making huge incomes, living in expensive apartments, spending all their money on avocado toast, hating their lives, and not actually saving much money year on year, which I've just never been able to rationalize. To me, life has always been about doing something that I truly enjoy, while trying to set myself up for long term financial freedom by creating multiple sources of passive income. So it always seemed natural to me that real estate investing was something that I wanted to eventually end up doing.
My personal goal right now is to buy at least one positively cash flowing rental property by the end of the year in the Chicagoland area. I've been trying to read as much as can in order to make this first investment successful, and I would love to meet anyone else in the area who would be willing to share their knowledge with a motivated newbie trying to dive into their first investment property!!
Cheers to building long term wealth instead of short term income,
Kobi