All Forum Posts by: Fernando Juarez

 Hi Tanner,

I completely agree with you. I've broaden my search to 1 hour commutes but many of the options out there are being sold as-is and need a decent amount of rehab. I am pre-approved and would make a move and a good option if it came up, but I just don't know if a good small multi-family will pop up between now and July. Thoughts? 

 Hi Dennis,

I appreciate your feedback. House hacking is my goal so we are on the same page here. I just haven't found/moved fast enough on a property that make financial sense. Me and my fiancé have decent income and live below our means. I just saw a 4-plex yesterday in a C / D-type neighborhood that could profit once rents are brought up (all unit had 10+ renters). If we bought a single family home, it would be a simple and affordable option since I can rent out in the future. 

For years, I was set on house hacking but I'm not finding enough inventory and I feel like buying a single family would make more sense than renting.
 

Hi everyone,

My fiancé and I moved from Texas to northern Illinois last Summer (2022). We moved due to work and, fortunately, we like it here. We are 28 and we have recently finished school and have stable income. We have wanted to get started in real estate for the last 3 years but we knew there was a chance we could move. Now that things are settled, we can see ourselves living in Illinois for the foreseeable future. We want to purchase a property. 

We are determined to purchase a small multi-family but there isn't a lot of inventory out here. Most of the inventory that is available is priced too high with relatively low rents. The few properties that are profitable get sold within 72-hours of posting (by the time a getting a showing appt. it gets under contract).  We are starting to think that we might have to renew our lease (July 2023) since we haven't found a profitable multi-family yet. 

Do you think that we should by a single family so we can stop paying rent? Or renew our lease on a month to month basis and hope we find a profitable multi-family soon? Do you have any other advice or suggestions? 

If we do buy a single family, we will continue to look for multi-family properties to invest in the future. 

Thank you!

Hello everyone! I am currently working as a research coordinator but would like to transition into Real Estate. I plan to become a real estate investor in the future but I would like to work in the field as well. I have researched professions like realtor and appraiser. What other professions are out there that would allow me to grow (financially and professionally) and challenge myself? Please explain how you got started in your field.