Newbie from Chicago, IL

[Lucas Philips]

Hello folks! 

I just graduated from Northwestern University and am renting in Lincoln Park, Chicago with two college buddies. I am an entrepreneur. I started a coffee business when I was a freshman and am still growing it now. Over the last year, I've been digging into real estate investing material and recently finished The Book on Rental Property Investing (which led me here). I've met with a few brokers and am starting a search in about a month for a two or three flat I can house hack with a FHA loan in Avondale, Logan Square, Lincoln Square, or (maybe) Rogers Park. Optimally, I'd rent the units and live in the basement, attic, or garden unit.

I'm eager to meet fellow rental property investors in my area!

Also -- I'm curious if y'all recommend I sign up for the Pro or Plus Membership given where I am in my real estate investing journey.

Thanks!

Lucas

[Michael Facchini]

@Lucas Philips, welcome to the club!  Good for you on starting the real estate adventure!  House-hacking is a great way to go, and perhaps you can even hack a room in your unit to one of your current roommates?  That's exactly what I did years ago with my first multi-unit purchase.  Every unit and room was rented and allowed me to live for next to free.  There is a lot going on in the areas you mentioned, and just remain patient, persistent, and committed to the big picture.  The inventory is tight, and there is a lot of competition from other house-hackers and investors (from Chicago as well as outside money coming in).  You'll get there though!