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All Forum Posts by: Jason Eide

Jason Eide has started 1 posts and replied 2 times.

Post: New member in Chicago, Illinois

Jason EidePosted
  • Chicago, IL
  • Posts 2
  • Votes 1

@Evan Thoma @Keren Figueroa @Laurice Allen

Thanks! I found it through redfin, which I highly recommend as far as realtors go. I am financing with 3.5% down using FHA loan.

I probably didn't get the best deal I could get, but with my wife and 2 kids and rental lease ending 6/30, I felt pressure to find a place a little quickly. Anyways, Chicago is a pretty hot sellers market, and I knew I had a multi offer situation, and the duplex listed at 299,900- I offered 315,000 to make sure I get it. I'm using my cash for the down payment and closing cost. I should be able to rent out the 2nd unit for $1500/mo hopefully, after minor plumbing work. Feel free if you have any questions, I'm learning as well so might not have the answers.

Post: New member in Chicago, Illinois

Jason EidePosted
  • Chicago, IL
  • Posts 2
  • Votes 1

Hi,

I am a new investor, I've been listening to the podcast and getting really excited about all of the investment opportunities. 

I currently live in Rogers Park, moving to Belmont Cragin in Chicago. I'm scheduled to close on my first property on 6/28(a duplex -which we will move into and rent out the 2nd floor unit). My first thought is that I want to get into acquiring rentals, but still learning and hearing many great ideas on the podcast and reading books.