Newbie from Chicago--Wholesaling in the northern suburbs

Newbie from Chicago--Wholesaling in the northern suburbs

Rental Property Investor · Chicago, IL · Member since 2019 · 5 posts · 2 votes

Hi everyone!

My name is David Johnson. Considering I have an extremely popular name, I often go by my nickname Dewey which is from when I was younger and looked similar to Dewey from Malcolm in the Middle. My career is a 3D printer engineer in a startup in the northern suburbs (Northbrook, IL) and I live downtown (Lincoln Park neighborhood). I really enjoy the 3D printing and startup culture and want that to be the type of company.

I started real estate as a side business at the end of last year. Initially, I joined the Response program which is one of the education platforms. I know the programs get a lot of negative feedback, but they have a helpline that I use multiple times a week to review offers and get feedback on my ability. Basically, they catch my mistakes before I make them allowing me to learn quickly.
Right now I am focusing on wholesaling single-family homes. I've only made one offer so far, but will be doing plenty more this month.

I've only spent a few hours per week on my real estate business last year. in 2020 I've been spending 10 hours per week now and am committed to continuing that. Currently, I'm building my buyers list, finding 2-4 more investor-friendly realtors and looking to make 10-15 offers per week. I'm also searching for investor meetups in the downtown and northern suburban area. Meetup.com only has groups that offer courses or classes. If you have a meetup that you attend, please message me. I would love to join and try them out!

Another investor recommended bigger pockets. I've been digging through the podcasts and love it. I am getting more involved with what the community has to offer.

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  • Real Estate Broker · Forney, TX · Member since 2019 · 1k+ posts · 399 votes
    6y

    Welcome to BiggerPockets! Truly nice to meet you. Good luck going forward! Hope the best for you going forward in 2020!!

    Best of luck in your wholesaling adventure. As far as negative feedback, you have to do what works for you. Success will temper the negative stuff.

    Podcast: https://www.biggerpockets.com/podcast

    Webinars: https://www.biggerpockets.com/webinars

    Glossary: https://www.biggerpockets.com/rei/glossary

    @David Greene and @Brandon Turner has some good ones.

  • Jason MarcordesPro Member
    Investor · Chicago, IL · Member since 2015 · 154 posts · 91 votes
    6y

    Hey Dewey - welcome to BP! Sounds like you have a solid plan...slow and steady wins the race. I just read The Compound Effect and it's amazing what just 10 hours a week can do over 1, 2, 3+ years.

    I have a pretty extensive background in property management and REI and I'm just up the road from you in Lincoln Square so if you ever need anything, just let me know!

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