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Updated about 12 years ago on . Most recent reply

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ABRAHAM SANDOVAL
  • Elmwood Park, IL
0
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young guy with a lot of dreams

ABRAHAM SANDOVAL
  • Elmwood Park, IL
Posted

Hello my name is Abraham, I'm 25 years old turning 26 in couples weeks. I've been in this beautiful country for 7 years. My nationality is Ecuadorian I finished school last year. My major is CIS, however I have been working as sales person for 4 years. I bought my first apartment 2 years ago (finance at 6.1% rate) the price was good. I thing it increase around 20k in this two years. The last year I bought a single family house (my father as a partner) in a low income neighborhood (30k), I rented (1,350) as soon it was repaired (small details). I am very happy with this deal, however I want to learn a lot from the experienced investors.
Now for my next purchase I'm wondering if I should invest in a house where I can use my credit and repair and sell the house in couples months or should I save money to buy another cheap house and rent it out.
I'm in Chicago market, which I think is increasing really quick, I have seen houses in the markets just for couple days. I'm open to learn and I will appreciate any advise .
and I would like to mention that I have two friends that want to invest some money with me. (they see me as good investor lol)
Thank you and I'm really happy because I found this web page. I think I'm gonna use bigger pockets instead of Facebook lol

Most Popular Reply

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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
3,946
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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
Replied

Welcome ABRAHAM SANDOVAL! Glad to have you here! Looks like you've been given a lot of great advice already, but I'll add that I think flipping is only a good idea if you need a job. If you have an income source- just build up the rentals!

  • Brandon Turner
  • Podcast Guest on Show #92
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