All Forum Posts by: Dan Zambrano

Since there was good traction and interest in this thread I'd like to propose a meetup for Mid March.

Casual, no-pressure vibes—just a group of real estate investors sharing insights and helping each other grow. Grab a coffee, bring your questions, and let’s talk real estate.

If that sounds like your vibe, drop a comment or DM me to let me know you’re coming! (I sent out details to the folks that already commented)

Cheers!

 Awesome! great to hear about another investor around here that is on the path to growing portfolio, congrats on that! :)

 Hey Daniel!

Thanks for the response. Yeah nice to hear I am not the only one burning my eyes out on the monitor screen looking for even an "okay" deal haha. They still exist, but mainly they are SFH plays that are a grind, but small progress is better than no progress. A buddy of mine is investing in condos with favorable associations around Oak Lawn, rehabbing and renting them out within months of closing.

I totally also resonate with the family piece. Most people see RE investing as pie in the sky, but then you wake up one day and have a 7 figure portfolio that is cash flowing after 15 years and then its kind of self evident at that point, and family may STILL think you are cray for wanting to scale lol.

I am going to set something up on this thread and basically welcome anyone, just as a starting point to foster a cool RE investor community locally.

Cheers!

Well its been 2 months since an update. I have a few options in play right now for my goal of adding another property to my portfolio this year, it seems like the Chicago market is yelling at us to invest into single family homes in B+ areas. Just my observation anyway, I do want to design/ build something at some point but land prices are pretty rich right now. The formula that is sticking out as a potential to me is what I have been doing quietly the last 6 years: buying a cosmetic SFH fixer in B areas with 3% down, live in and renovate, long term rent and repeat. Anyone else seeing success with a different strategy around the Chi?

Hey all,

I noticed there hasn't been a callout asking for mastermind group for Western Suburbs of Chicago in a long time. Anyone interested in meeting up around Naperville area?

A bit about me:

I am a seasoned RE investor with a modest portfolio ( 2 Houses and 1 Condo) looking to scale this year and beyond. My day job is a Utility Engineer and my passion in life is Investing and Architecture/ residential design. Mainly looking to connect with investors that are active or looking to get active soon to share tips, help each other grow and harbor community.

Thanks for looking, hope to connect soon!

Huge update!!!!

after alot of procrastinating (like since I started this thread) I was pushed to write a business plan for my dreams in RE and Architdcture. Huge shout to Tony Glenn Marine Real Estate investor for pushing me to do this on his youtube channel. 

so my $20M goal will be reach by 2032!!! Sounds like a long time but it really isn't. This is being very conservative with all the numbers, if anyone is interested in specifics I can provide in a pm.

Super excited, as now I have a target AND a plan for my goal.

lets ****ing go.

Hope everyone is having a great holiday season. I am very committed to investing in a multi family building this coming year.

I also feel the need for a mastermind group and will be doing a google search for one around me for multi long/ mid and short term investing.

Cheers, just wanted to put an update on here!

Not much in the way of updates, except for meeting with lender in December to go through some scenarios for the multi unit ground up build.

Very excited about this.

I am also still on the fence on the design aesthetic. Ideally I want a combination of the Burnham block duplex style but cleaner, and more usonian looking. Sorry for the imvestors out there that had eyes glaze over after reading that, I will post some photos on my next post.

Stay well!!

I have been less active on the investor homefront dealing with an unexpected curveball I got thrown in life.

Still have big goals for Q1 2025: 

-Get Pre Qual'd for VA construction loan(may be until later in the quarter as I also have to refi out of my current VA loan to regain full entitlement.

-Find a lot and all else that comes with a new build and start building late Q2, early Q3. 

I understand this is a snails pace, however I am still a W2 enployee so all this will be a 2nd job for me. Also, I have learned in all things that are expensive that a good rule of thumb is go SLOW. I always need to remind myself about that, because I also (like many millenials) have a problem remembering what my bigger picture goals are, so I tend to want to sprint so that I don't forget and hence lose myself in the flywheel that is day-to-day living. As hilarious as that sounds it is the case, and that is where this board helps so thanks all on here and BP!

Until next time: same bat time, same bat channel🤘✌️

A few things happened since I last posted, most of which I would rather not say but suffice to say I am plaving the airbnb learning on the back burner for now in favor of focusing on aqcuiring land and building a multi unit from scratch. It will be a 3 or 4 unit and planning on doing STR on one as an experiment. I will still post on here weekly but currently these are the things I am working on:

-Vetting my options for financing

-Vetting other parties and areas for best success on this dream project of mine.

I have a few ideas on the concept and will eventually reveal it here 🙂

Cheers folks keep chasing your dreams!

P.S. : ever since meeting with Jonathan from quality builders I have been buzzing with excitement, so a special shout out to him, not that he needed my endorsement but I really appreciate his help and hope to collab with him soon on something🙂