New to REI in Chicago

New to REI in Chicago

Real Estate Agent · Chicago · Member since 2020 · 9 posts · 1 vote

Hey everyone I just wanted to stop by and introduce myself. My Name is Daniel Madrigal and I was born and raised in Chicago. 

I have little personal real estate experience. I have as Kiyosaki would say been an E my whole life and my goal is to transition to an I.

I currently am working two jobs. I am married and have a one year old daughter. I am looking to secure a stable financial future for my family. 

I have been soaking up all the information I can. I have been listening to personal finance podcasts as well as taking action. The BP podcast of course, I have been reading, well listening to audiobooks and have been lurking around the BP forums for about a month. 

I am looking to network with people in Chicago, obviously it's where I live and where I want to start. I am dedicated to work hard to achieve my goals and hopefully I can help others along the way. 

I am primarily interested in the Chicago market but also interested in Milwaukee. It's where my mother lives. I am open to all strategies that get my foot in the door. I am open to explore other markets as well in the future. Perhaps Indiana or wherever this journey leads.

I have personal obstacles and issues to overcome that I'm sure will make things more difficult for me opposed to others, but I have overcome many things in my life and am not afraid of hardship and sacrifice. I am thinking I will need to get creative.

I look forward to learning from and working with you all who would be interested in working with me. 

Thanks

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Investor · Chicago, IL · Member since 2017 · 79 posts · 62 votes
6y

Hey Daniel,

Welcome to REI and BP. My suggestion is to get out and start attending REI meetups. There are many great meetups in Chicago that will accelerate your passion, knowledge and education x 10 (no should out to Grant). Meeting successful investors face to face will allow you to build a rapport that is NOT obtainable through forums.

Get out there and really network. This is the only way you will truly be prepared before you acquire your first investment. (also no one is ever 100% prepared for their first).

Good luck!

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  • Investor · Chicago, IL · Member since 2017 · 79 posts · 62 votes
    6y

    Hey Daniel,

    Welcome to REI and BP. My suggestion is to get out and start attending REI meetups. There are many great meetups in Chicago that will accelerate your passion, knowledge and education x 10 (no should out to Grant). Meeting successful investors face to face will allow you to build a rapport that is NOT obtainable through forums.

    Get out there and really network. This is the only way you will truly be prepared before you acquire your first investment. (also no one is ever 100% prepared for their first).

    Good luck!

  • Real Estate Agent · Chicago · Member since 2020 · 9 posts · 1 vote
    6y

    Hey thanks for the welcome and advice Rj. I'm actually headed to one tonight.

  • Tony AngelosPro Member
    Real Estate Agent · Member since 2019 · 192 posts · 131 votes
    6y

    Hey Daniel,

    @Rj D. is absolutely right, you need to get out there in front of people. I know that can be intimidating, especially when starting out, so some easier steps to take to help you build confidence can be done right here on BP (but are no subsitute, eventually you need to get in front of someone). 

    One thing I'd recommend, if you haven't already done it, is to setup a keyword alert for "Chicago" and just try to get familiar with who the active players are. If you come across someone that makes sense to have a conversation with, connect with them too. Try to also provide valuable comments on threads too, it will help build yourself and your name as a recognizable entity.

    At the end of the day, you're just dealing with people, remember that.

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    6y

    @Daniel Madrigal

    Welcome to the BP family! Glad you joined the best real estate investing website! 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

    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!

  • Real Estate Agent · Chicago · Member since 2020 · 9 posts · 1 vote
    6y

    @Tony Angelos Thanks for the advice, I'll be getting out there to network as much as I can. Luckily I'm pretty good with people.

  • Real Estate Agent · Chicago · Member since 2020 · 9 posts · 1 vote
    6y

    @Dmitriy Fomichenko thanks for the tips. Very helpful.

  • Investor · Hoffman Estates, IL · Member since 2014 · 434 posts · 185 votes
    6y

    Welcome!  What are of Chicago are you in?

  • Eudith VacioPro Member
    Real Estate Agent · Chicago & NWI · Member since 2015 · 860 posts · 521 votes
    6y

    Hi @Daniel Madrigal, welcome to BP!

    I agree with everyone that networking is important. I would also figure out what you want your strategy to be - buy and hold, fix and flips, etc and write a plan of action. Sounds like you are a hard worker so i’m sure Putting things into action will not be an issue! I started investing a few years ago and once you get started it kinda becomes addicting and you learn so much! Here to help if you have any questions. :) 

  • Real Estate Agent · Chicago · Member since 2020 · 9 posts · 1 vote
    6y

    Hi @Scot Howat I'm currently living in Rogers Park.

  • Real Estate Agent · Chicago · Member since 2020 · 9 posts · 1 vote
    6y

    Hi @Eudith Vacio thanks for the support. Feel free to send me info on how the Southside market is looking these days.

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