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All Forum Posts by: Dren Aguado

Dren Aguado has started 9 posts and replied 22 times.

Post: QUESTIONS and Introducing New Coldwell Banker Agent: Dren Aguado

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16

Hello BP Forums! It is now been about 5 months since I've inserted myself into the world of Real Estate and wanted to let everyone know that I am now a licensed Real Estate Agent for Coldwell Banker Realty | Libertyville, IL Office!

While I'm still new and have much to learn, I'm so eager to get started. I want to utilize this excitement and transition it into being so focused and obsessed with giving my clients the best service possible. I am also a little insecure being a 22 year old in the business, but I'm going to utilize that relatability and try to appeal to a younger cliental.

My current plan is to keep attending and utilizing all the great classes and resources that Coldwell Banker has to offer. I will also be starting their bootcAMP for new agents this week and I'm super excited for that. 

QUESTION: What did you do, if anything, for income as you were starting your career as an agent?  

I am currently doing part-time work at The North Face on weekends and Panera Bread in the evenings after my real estate trainings and studying.

QUESTION: How did you get your first deal? and what did you learn from it? 

QUESTION: How did being an agent affect your investing journey?

If you read this, and maybe even commented on this post, thank you! I hope to get connected with more fellow agents ^-^

Post: What would you do in my parents situation?

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16

So my parents are in a very nice 2003 construction 2 story SFH 4bd3bth. They're in a 30 yr $180k 2.75% interest conventional mortgage and are paying about $1400/month. They would like a smaller one floor house so their AC/Heater bill is less and no more walking up stairs. They originally got the house for $275k in 2003 and say that its probably worth around $340k now.

I'm just wondering what you guys would do in their situation to maximize their needs and money. 

Post: Mobile Home House Hack?

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16

What are your guys opinions on house hacking a mobile home? 

I think I could probably get a roommate to pay the monthly payment, so i can live for free. In Chicago, I feel like a mobile home is more in my budget and less risk because it's a brand new construction and turnkey. 

Would I be able to use this property to scale? will it be harder to scale my portfolio with a mobile home compared to purchasing a traditional home?

Thank you if you read this!

Post: Starting To Plan Out My REI Journey and Asking if I'm Crazy

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16
Quote from @John Warren:

@Chris Winslow thanks for the shout out. House hacking is definitely a great strategy, and your team makes everything possible in this business. You were fortunate to connect with Zack right out of the gate as well. 

@Dren Aguado I think it makes sense to connect with a lender. If you are in Gurnee, then you might be checking out some of the nearby areas like Waukegan if you want to house hack. There aren't as many areas to house hack in Lake County, so I also recommend looking into live in flips as a way to build up capital to invest. I grew up in Zion and Waukegan, so I know those areas fairly well. 


 Yeah it's definitely hard to find house hack opportunities in Lake County. I've been looking into Wisconsin Racine and Kenosha areas now. How do you feel about those areas? I'm familiar with the areas but would love a professional's opinion. Live in flips is something I haven't considered so I gotta look into that :D Thank You!

Post: Starting To Plan Out My REI Journey and Asking if I'm Crazy

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16
Quote from @Zachary Inman:

I think it's a great plan, but I agree with what others have said: it's a bit premature to start looking at properties. When lenders are looking at your history, they check the past two years of income for how stable of a lendee you are. I think shooting for 500k properties is stretching, and I doubt you'd even get approved. Start smaller and build your portfolio with sweat equity first (aka buy a distressed property and work your a** off to update it). 


 LOL yeah, I now definitely realize I have to start smaller. I was crazy. Sweat equity definitely looks like the route I need to take! Thank You!

Post: Starting To Plan Out My REI Journey and Asking if I'm Crazy

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16
Quote from @Chris Winslow:

That's awesome that you are thinking of getting started, definitely do it!! As I am sure you have heard, house hacking is an amazing way to start and there are a few good areas in Chicago that work well.

First for Jobs- Check with GC Realty, @Mark Ainley would be amazing to learn from (also hosts one of the events below with @Tom Shallcross), here is the link for their jobs:

https://www.gcrealtyinc.com/ca...


My guess is you may be too early on in being able to get something under contract immediately without having an income history but it's not too early to start connecting with lenders, investors, and realtors, and learning about which areas and types of deals would make sense for you. 

My recommendation is to connect with local investors at meetups, get to know a few people, and get a feel for what they are doing and in what areas. Here are a few places to connect, there are 3 awesome meetups coming up:

- Chicago West Suburban Real Estate Investors Meetup https://www.eventbrite.com/e/f... 

- Straight Up Chicago Investor Networking Event: https://www.straightupchicagoi... 

- Chicago RE Investor Meetup with @Jonathan Klemm https://www.biggerpockets.com/...


Connect with a local realtor and lender that can help you strategize and see what makes sense for your situation. I use @John Warren as my realtor and couldn't ask for a better team, you'll learn a ton just from one conversation (I certainly have over the last couple years). I use @Zack Karp as my lender and they rock as well, smart, creative, always willing to help, and very professional in loan processing.


If you get set up with a couple of good connections then everything in the process will be smooth from selecting an area and strategy up to closing on your first deal. Good luck!


 Thank you so much for all this information! I'm going to start applying to GC Realty right now :D I definitely will be there for @Jonathan Klemm's event! It's great to know who you trust for your team I really appreciate it :D

Post: Finally a Pro Member

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16

Just wanted to say Hi and glad to take another step in my real estate journey by purchasing pro ^_^

Post: Just Wanted To Say I'm Starting To Get My License

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16
Quote from @Bruce Lynn:

Study hard....take the prep class before you take the test.

Try not to drag it out if you can...get busy and get it done....that way the info stays fresh for the test.


 So true. I'm aiming to get it done in about 3 weeks with 5 hrs a day. I wanna get it done as soon as I can so it might even be sooner ^-^

Thank You!

Post: Just Wanted To Say I'm Starting To Get My License

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16

@Alex Evans Yeah definitely! The vocabulary so far is looking like a pain, but imma puill through >:) I'm taking it through The CE Shop and they're providing flashcards which is a life saver.

Post: Opinions on Buying Land

Dren AguadoPosted
  • New to Real Estate
  • Gurnee, IL
  • Posts 22
  • Votes 16
Quote from @Henry Lazerow:

I see you are from Gurnee. Theres lots of good 2 units to rehab around you and house hack. Also the surrounding suburbs like crystal lake. 

Building new is going to be expensive if you dont own a construction company and hard to profit on competing against the pros after factoring in the GC fee. 


 Yeah, I might be in over my head. That's definitely a solid plan that I've been really considering too. I really want to house hack so I can get a front row seat on how to manage a property, but part of me also just wants to rent out both units. I feel like I would be missing out on the experiences a house hack can provide.