All Forum Posts by: Jalen Chanthaboury

@Jalen Chanthaboury

I am also looking to work towards getting my realtor’s license in my state of Illinois since they changed the age requirement to 18. I feel like this would help open up more doors for me and help provide more opportunity instead of “starting from scratch”. What do y’all think?

@Adriane Allard

Thank you so much for this reply. Will definitely take this into account.

@Jerry Lucker

Appreciate your reply Jerry.

@Mike Dymski

Why do you say that? You seem like you’re succeeding in the real estate field based on your bio.

@George Skidis

Appreciate it, I’ll be sure to check out the meet up on the 17th of November.

Hey BP members from ILLINOIS,

Where are all the investor meetups at in the Chicagoland area (suburbs)? I am looking to network with as many investors, lenders, contractors and attorneys as possible from the area. The meetup app hasn’t really been helping me out. Any recommendations would be much appreciated!

*Not interested in the meetups that pitches their courses all the time.

Greetings BP,

So I’m 19 years old, from the Chicagoland area and I’ve decided to drop out of community college couple of weeks ago. I realized that a traditional education wasn’t for me and it would hold me back from achieving my dreams.

I am now educating myself on real estate investing everyday and pursuing entrepreneurship full time. I currently run an e-commerce store that has been profitable from the jump (looking to build more) and I’ve got one wholesale deal under my belt.

My goals right now are to own a few cash flowing rental properties and complete a couple of fix and flips to raise capital. I am looking to build long-term wealth through real estate.

I CURRENTLY need help/advice on:

-Raising capital for deals

-Learning the art of acquiring properties with OPM

-An efficient way to find great deals

-Looking for potential investors with the funds to partner up for future deals (Ex. I find the deal and I present it to an investor looking to split profits if it makes sense)

Any help would be much appreciated!

Hey BP community,

So I’m 19 years old with no job. I am self employed basically as I run my own e-commerce business. That’s been my main source of income for about 4 months now. My income is based off the sales I generate so it’s not guaranteed. And I plan on shutting that store down soon as well...

To get started, I am looking to invest in a multi-family (2-4units) and profit off of that by house-hacking/renting it out to tenants. I know you need a true source of income in order to qualify for loans, and I don't have a job. So I'm wondering how does one get started investing in real estate at such a young age to where he/she doesn't have a job like myself? I want to get started ASAP. I have about $20k saved up; I've been saving up to use for an investment property. I refuse to work for someone/be an employee in order to qualify for an FHA, conventional, etc... But if that is my only option, I guess I'd have no choice. Also have been looking into hard money lenders, but not sure if that's the way to go unless someone proves me wrong. I need some advice!

Any help would be much appreciated! Thanks BP.

@Fola Sade

Hey Fola, appreciate the response. Would love to meet up and have a talk some day 👍🏻

@Jay Hinrichs

Appreciate the reply. Do you know if wholesaling unlicensed is legal in any other states?