Introduction - Newbie Investor - NW Indiana and maybe DFW Texas

Introduction - Newbie Investor - NW Indiana and maybe DFW Texas

Frankie B.Pro Member
Member since 2019 · 20 posts · 13 votes

Hi BP Community,

My name is Frankie and I live in the DFW area. I'm looking to find my first deal in NWI, specifically a multi-family unit in Hammond, IN. 

A little bit of background: I work in corporate finance and have done that for multiple years; successfully managing receivables and budgets for large international companies. I'm currently working on completing my MBA.  I love my job and what I do, but for as long as I can remember, I've wanted to invest in real estate. I'm not sure why, but I feel that real estate investment is my calling and it's how I'm going to leave my mark. 

My first step is building a team, so recommendations from the community would be welcomed. I'm hoping to find people that I can bounce some ideas off of and I'm willing to trade budgeting and/or bookkeeping advice/assistance in exchange.

Thanks for having me and I look forward to learning from all of you.

Frankie

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  • Brian SimpsonPro Member
    Grandview, TX · Member since 2017 · 143 posts · 79 votes
    6y

    Welcome. That's probably the main reason we are all here. Ask anything and research everything 

  • Rental Property Investor · Brookfield, IL · Member since 2017 · 89 posts · 17 votes
    6y

    @Frankie B. Welcome! I'm sure you'll be able to get this set up by networking on here.

    Where did your interest for Hammond, IN come from?

  • Property Manager · Griffith, IN · Member since 2015 · 1k+ posts · 913 votes
    6y

    Hi @Frankie B. - welcome to BP. Great place to learn and make some connections. I have 2 dozen rentals in Hammond and would be happy to chat with you about the ins and outs of the city. Great returns there with the exodus of Illinois residents. 

  • Frankie B.Pro Member
    OP
    Member since 2019 · 20 posts · 13 votes
    6y

    @ Brian Simpson thank you

    @Alejandro Calixto, I used to live in the south suburbs of Chicago and Munster, IN.  I like NWI and I believe that Hammond fits into my investment strategy.  I'm going to have a property manager; so I feel like I can do some long-distance investing.

    @ Adrien S., I would like to get your insight.  I've looked at a few properties so far.  Trying to determine if I should stick with properties near Purdue Cal and/or Hessville or if I can go farther North....

  • Real Estate Broker · Northwest Indiana and Chicago, IL · Member since 2016 · 86 posts · 33 votes
    6y

    @Frankie B. Hey man, welcome to BP!!  I'm a realtor/ investor in Northwest Indiana.  And I actually live in Hammond.  Let's connect one day in the near future.  Take care!

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