All Forum Posts by: James Kim

Hi Hailey,

I'm in a similar situation as you are although maybe 1 step ahead of you.  Currently looking for my first flip as opposed to a multi-family to rent.  I think it would be interesting to see our both of our journey's pan out from here.  Just curious, what area of Chicago are you looking for?  I currently reside in the north suburbs but am looking in the west and south suburbs for flips.

Chicago REIA often has meetups in Orland Park and Oak Lawn lead by Andrew Holmes. There's also a group called "Essential Strategies 4 Entrepreneurs & Real Estate Investors" That meets in Oak Lawn and Downers Grove. I would check out the app called "meetup" which is where I found all of the meetups that I go to in the Chicagoland area.

I'm a relatively new investor in the Chicago area and am a bit unfamiliar with purchasing a foreclosed property. I started looking into HUD homes and found the hudhomestore.com website to be an interesting resource. Does anybody here have some insight into flipping HUD homes? More specifically what is the average time it takes to purchase a foreclosed HUD home as opposed to a regular foreclosure?

Hi Cody,

I'm also in Chicagoland but also just starting off.  Are you looking to build a business in real estate or just for a one or two time investment with your current capital?