Beginner Investor Moving to Chicago

[Reed Meyer]

Hello,

I am a senior in college finishing up my last semester. In July I am starting my career in investment banking in Chicago.

During this downtime I have invested nearly all of my time into learning about real estate investing and educating myself before I start investing on the side of my job. I am interested in investing in multi-family residences. The plan is to spend my first year of work saving money and learning absolutely everything I can about investing in multi-family properties. Then come around May-July of 2021 I want to buy my first multi-family residence (most likely a duplex or triplex). Then I want to slowly "trade-up" and continue saving and adding more properties as I work towards larger multi-family residences. My goal is to own luxury apartment complexes down the road.

My Favorite Business Book: Rich Dad Poor Dad

My Favorite Real Estate Related Book: The Book on Rental Property Investing by Brandon Turner

Hobbies/Interests: College Football, MLB, NBA, NFL, architecture, The Office, golf, surfing

Contact: I am very responsive to my email which can be found on my profile.

Thanks a lot and I hope to meet and learn from some of you.

-Reed

[Brie Schmidt]

@Reed Meyer - what kind of budget and areas are you looking in?  What type of loan program?  I would definitely suggest renting for a year and getting to know the areas during that time.  In Chicago it is illegal to deny a sublet, so as long as you find an adequate replacement tenant you can move out anytime during your lease, offering flexibility with your purchase timeline