New Member in Chicago, IL

New Member in Chicago, IL

La Grange Park, IL · Member since 2018 · 18 posts · 7 votes

Hi BP community!

My name is Chris, I'm a new BP member located in the Chicagoland area, and I'm super excited to get involved in the Bigger Pockets community! The amount of information I have learned from you all over the past 6 months has been absolutely incredible, and I'm so thankful for everyone's willingness to help and teach. As I continue to grow and learn, I plan to do all that I can to give back and/or pay-it-forward. Since I discovered the podcast and this site, I’ve been practicing a rigid morning routine, going to local meet-ups, and flooding myself with real estate, marketing, or mindset education wherever I can find it.

I am 31 years old, married, have a degree in pharmacy, and spent the last 7 years working in a hospital caring for patients and leading healthcare teams. I officially started in real estate in 2013 with the purchase of a 4 unit property in La Grange Park, IL.  I still live in one of the units today, and rent the other three, which my wife and I have slowly renovated over time. Regardless, I still consider myself a complete beginner, and am prepared to learn (or re-learn) everything from the ground up.

I've recently reached a major turning point in my life, where I decided to commit to building a real estate business, instead of continuing to focus on my pharmacy career.  I'm currently in the process of making that transition.  I'm grateful to have learned some valuable life lessons along the way.  If anyone needs help deciding between progressing down the leadership/corporate pathway versus real estate, I'd be more than happy to share my experiences.

Although I have my investment roots in the Chicago suburbs, I'm struggling with whether to continue investing in Chicagoland, or focus my energy and efforts on a better opportunity long distance.  I'm also struggling with exactly how to evaluate and identify a strong market with data to back up the conclusions.  I'd be very interested to hear your thoughts, or resources you've found on either of those topics!

I'm thrilled, and feel lucky to be a part of this awesome community.  I can't wait to connect with you all, learn, and grow!  Feel free to message me at anytime, and if you're local, I'd be interested in meeting up for more conversation.  And if I can help in any way, please don't hesitate to ask.  Thank you for being the most helpful, influential, and inspiring community on the internet!

All the best,

Chris

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Developer · Nashville, TN · Member since 2016 · 484 posts · 406 votes
7y

The next state over from you has far more attractive landlord laws, far more attractive tax structure, far better pricing, and (in most cases), far better price to rent ratio for B/H investing.   Indy is only a 3 hr drive.  We have a lot of Chicagoland investors here.  Just sayin.  :)

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  • Chicago, IL · Member since 2018 · 17 posts · 10 votes
    7y
    Welcome! You're already in a much better place than 99.9% of beginners, having already purchased a 4-flat.
  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    7y

    @Christopher Boyle

    Welcome to the BP family! Good to have you here! Here are some recommendations for you:

    Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

    Check out BP Podcasts: https://www.biggerpockets.com/podcast

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best!

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    7y

    Welcome to BiggerPockets Christopher and good luck investing!

  • Retirement Accounts Attorney · Southfield, MI · Member since 2017 · 3k+ posts · 1k+ votes
    7y

    @Christopher Boyle

    Welcome to BP.

  • Real Estate Agent · Falls Church · Member since 2012 · 2k+ posts · 1k+ votes
    7y

    Hello! @Christopher Boyle

    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 :)

  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    7y

    Welcome from Indianapolis? Did your Pharmacy degree come from Purdue? only reason i ask, other than Indianapolis Chicagoland was like 2nd in student population at Purdue when i was there. If not you're still good in my book. 

  • La Grange Park, IL · Member since 2018 · 18 posts · 7 votes
    7y

    @Kerry Noble Jr Haha, no, I wish!  I went to a small school in St. Louis.  Same deal with my school though, a LOT of Chicagoland students.  

  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    7y

    gotcha, welcome anyway! lol @Christopher Boyle

  • Developer · Nashville, TN · Member since 2016 · 484 posts · 406 votes
    7y

    The next state over from you has far more attractive landlord laws, far more attractive tax structure, far better pricing, and (in most cases), far better price to rent ratio for B/H investing.   Indy is only a 3 hr drive.  We have a lot of Chicagoland investors here.  Just sayin.  :)

  • La Grange Park, IL · Member since 2018 · 18 posts · 7 votes
    7y

    @Jeff Schechter I appreciate that advice, thanks Jeff!

  • Los Angeles, CA · Member since 2014 · 2k+ posts · 515 votes
    7y

    @Christopher Boyle hello and welcome to BiggerPockets! Great to have you here!


    First, utilize all the free resources on here to gain valuable knowledge from experienced real estate investors. Listen to the podcasts. Read the blogs and articles. Take notes.

    Second, network with other investors on here. You're already off to a great start. Keep the momentum going. The experienced investors on here will make sure that your deal is done right.

    Finally, consider joining your local real estate investor's club. It is there you can "rub elbows" with investors in your area who are actually "out in the field" doing real estate deals.

    Happy to help in any way I can. Feel free to PM me at your convenience. You are not alone in your real estate ambition.

    Congratulations once again and I wish you the best in your real estate investment career.

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