New Investor in Chicago Area!
Hi! I'm a brand new investor in Chicago, IL and the surrounding area, and I'm looking to make some connections and build a network. I currently work for a design-build company where I handle all things money for condo deconversion remodels in downtown Chicago and skilled nursing facilities around the country.
My main focus right now is finding a 2-flat house hack in the Chicago area to move into using a bank loan. This will be my very first real estate investment! I've also already got a potential private lender to cover the down payment for a second 2-flat. I am playing around with the idea of getting one larger multi-family building (maybe 3-5 units?) to move into and use the private lender to cover the down payment and avoid putting any money down for myself. This will leave more cash to use on a second investment down the road - yay!!
Longer term, my sister and I are planning to partner up and target Austin/San Antonio (maybe San Marcos) for buy and hold investing, but I am also interested in short term investing opportunities in Chicago. You can view my sister's introduction post here.
I would really appreciate if anyone from/interested in Chicago wants to introduce themselves as well! Also, if anyone has tips or recommendations.
I look forward to hearing from everyone!
Most Popular Reply
Can't say enough about the 'Straight Up Chicago Investor' podcast! Tons of great info there to get started with learning. I, myself, am looking at 'House-Hacking' opportunities throughout the Chicago area. Would love to connect with anyone else who is looking or either currently house-hacking in Chicago!
Eric