Newbie in Chicago interest multifam buy/hold, BRRRR, & tear down

[Stephen Garmon]

Greetings from the wind city! My name is Stephen Garmon and I'm located in Chicago, IL. My 5 years in Chicago have shown me that real estate is where I need to be. Over the last 4 years I was running a couple of businesses in Chicagoland that sold to the trades. I was working with ECs and GCs all across Chicagoland primarily focused in the commercial and residential markets with a small amount of industrial. I was able to grow both of these businesses primarily through my ability to deliver superior customer service/satisfaction, provide a spec build plan as well as manage the project's supply chain and logistics to keep the projects on schedule and on budget. This year I stepped into a more sales oriented role with a larger organization to free up some of my time to focus on my new goal of real estate investment. 

I'm currently in my education phase of reading, listening, and learning. I've read a few of the top recommended books and I'm currently binging the BP podcast every chance I get. As mentioned in the title and in my about me, the goal for me is long term buy and hold multi-family properties. I'm looking to build sufficient rental income to offset my family's cost of living so that we can pursue our goal of international missions. This is something we find difficult to manage with our current work schedules, but real estate investing will make that dream a reality for us. I'm currently in pursuit of my first residential multi-family. 

I'm also interested in learning about property development and tear downs. The Chicago market never seems to stop updating and I would like to understand the metrics behind this business model. I have a particular passion that makes me interested in pursuing commercial residential properties and property development as a future endeavor once I've gained a better understanding of it. 

 I've decided to join BP to build my local network, learn the market, and build a team to grow with. If you're in the Chicago market, lets get connected. Looking forward to learning from/with you and hope to soon contribute to someone else's success in this industry.

[Scott Lewis]

@Stephen Garmon Welcome to the BP community! I too am beginning my REI journey and have found BP to be an excellent source of information and networking opportunities. While I live in California, I am actively searching for my first deal in Chicago since it's my former stomping grounds and I know the market well enough to appreciate the multitude of opportunities that exist in the area. I'm happy to jump on a call if you ever wanted to bounce some ideas around.

Best of luck