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All Forum Posts by: Hailey Padgett

Hailey Padgett has started 7 posts and replied 12 times.

Post: 2020 is my year - How do I start househacking in Chicago?

Hailey PadgettPosted
  • New to Real Estate
  • Chicago, IL
  • Posts 13
  • Votes 0

Hi James, nice to meet you - 

I am open to other areas, but I am currently looking on the north side of Chicago: Uptown, Rogers Park & Edgewater areas. 

Post: 2020 is my year - How do I start househacking in Chicago?

Hailey PadgettPosted
  • New to Real Estate
  • Chicago, IL
  • Posts 13
  • Votes 0

Hello!

I have no debt to pay off, 20k saved in the bank, and want to begin househacking as my intro to REI in Chicago.

Really short term goals: 1. Read Rich Dad Poor Dad, 2. Join Bigger Pockets

Short term goals (3-5 months): 1. learn essential steps before buying my first property 2. Buy a multi-family that needs less than 10k in renovations 3. rent out units so I can live in one of the units rent-free

Long term goals (5-1 years): 1. Continue renting out the units 2. buy another property, rinse, repeat. 

My questions: Who do I need on my team to get started, where in Chicago/chicagoland should I be looking, and what loans should I be looking at?

Thank you for any and all help!

Hailey