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Updated almost 7 years ago on . Most recent reply
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Looking for RE broker/agent with personal experience in REI.
Hello,
I am new to BiggerPockets, a recent graduate, and I have become very interested in getting involved in REI. I am currently looking for my first deal and seeking general advise in the realm of multifamily properties within the Midwest (preferable Illinois where I am from and currently living). I am working a full-time job and have saved up enough capital for my first deal. I've spoken with lenders but I am still unsure where to start in terms of location, price range, and number of units. I am becoming more comfortable analyzing deals but I'm still seeking counsel from more experienced investors.
If anyone has any suggestions for experienced resources that I may be able to connect with, please PM me or shoot me an email.
Thanks,
Aaron
Most Popular Reply
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Hey Aaron,
To introduce myself, I'm a broker in the Bloomington-Normal area of Illinois. My only personal experience in REI comes from a few flips I did in the west suburbs of Chicago, but I've also helped a few buyers through multifamily purchases and am trying to move more of my business in that direction from residential.
You've talked to lenders so you probably know what you can afford down and what your max purchase price is so what else is important to you? Every investor has their own list of criteria and idea of acceptable amount of risk per return. Figure out the ideal property for you and analyze every deal until you the one closest to it.