Starting My Real Estate Portfolio

[Ryan DiCanio]

Hey BiggerPockets community, I am looking to purchase my first duplex/triplex in the Naperville, Glendale Heights, and/or Downers Grove area. I am open to exploring other areas and will take any recommendations I can get! My budget cap is around $370k. I am willing to invest in a cheaper property that needs rehab work as well. 

I love connecting with others that share the same passion as I do and if you simply would want to connect to learn more about myself and my situation, feel free to reach out!

[Tucker Cummings]

My advice:

1) Acknowledge the seller's market, know that it's going to be tough to get good deals on the MLS. So open your funnel to off market deals.

2) People will always tell you its a good time to get in, a good time to get out, a good time to buy, a good time to sell, a good time to wait, a good time to act. Do what you want, just be smart and calculated about it.

3) Get educated. Ditch music, listen to podcasts. Ditch news feeds & social media (unless marketing) and start reading books and blogs about investing.

4) Try house hacking your first one. That's my biggest financial regret, that I didn't do this.

5) Acknowledge that you're going to mess up. It's part of the process and its the cost of your education by doing.

6) Just do it. Don't overthink stuff. You'll learn the most by doing.