Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 14 years ago on . Most recent reply

User Stats

73
Posts
48
Votes
Jake C.
  • Rental Property Investor
  • Chicago, IL
48
Votes |
73
Posts

Dedicated quasi-newbie; I moved to a new city to rehab!

Jake C.
  • Rental Property Investor
  • Chicago, IL
Posted

Hey guys,

Ive been lurking around this forum for a while trying to glean some knowledge until now. I figure that I'm in a perfect position to either make a ton of money or lose it all, and it might as well be a an experience that others can learn from, if nothing else.

Ive been interested in rehabbing property for a very long time. Ive never really looked into it farther than reading material, but there came a point when I decided that its either RIGHT NOW, or never. Heck, I'm young enough to still make mistakes. So, after three months of much research, I quit my job and moved to Chicago with the intention of making rehabbing my full time job, for a few month trial period anyway.

So here I am, two weeks into Chicago. I have money put aside so that we dont have to be distracted by bills while Im working, I have about 100K in cash that needs to be multiplied and I have some ambition that should come in handy.

The past week or so I've just been driving around target neighborhoods, trying to get a feel for streets, value and home styles. I actually put offers on two separate houses; one just fell through and the second Im waiting to hear back from the bank on. Now Im just kind of wandering from neighborhood to neighborhood trying to figure out what to do next.

Anyway, thats my story. Glad to be a part of this great community and I hope to learn a lot!

Loading replies...