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All Forum Posts by: Joe Malloy

Joe Malloy has started 1 posts and replied 5 times.

Post: New investor introduction

Joe MalloyPosted
  • New to Real Estate
  • Kankakee, Il
  • Posts 5
  • Votes 11

@Jonathan Klemm thanks for reaching out. I’ll take any connections or advice I can get. If there’s any projects that I can help you out on, let me know. I have done tile in $10 million condos downtown to McDonald’s bathrooms so I can handle just about anything.

Post: New investor introduction

Joe MalloyPosted
  • New to Real Estate
  • Kankakee, Il
  • Posts 5
  • Votes 11

@Eudith Vacio thank you. I did a cash out refinance on my primary residence to purchase the duplex. I’m planning on making improvements and refinancing the duplex as soon as I can. Both units are occupied though so it’s difficult to get in there and get any work done.

Post: New investor introduction

Joe MalloyPosted
  • New to Real Estate
  • Kankakee, Il
  • Posts 5
  • Votes 11

@George Skidis Semper Fi. I was a radio operator with a reserve air wing unit so my job wasn't as cool as shooting mortars and despite what my recruiter said, not many companies are looking for radio operators in the civilian sector, haha. Is your Zoom meeting REIA for local investors or is it open to anyone? I'd love to listen in, I'm sure I could learn a lot.

Post: New investor introduction

Joe MalloyPosted
  • New to Real Estate
  • Kankakee, Il
  • Posts 5
  • Votes 11

@Paul De Luca thanks. The duplex is a non owner occupied. I wish I knew about house hacking a few years ago so I could have used my va loan for a fourplex but I already had my primary residence. We did refinance that to pull out money to invest with.

Post: New investor introduction

Joe MalloyPosted
  • New to Real Estate
  • Kankakee, Il
  • Posts 5
  • Votes 11

Hello, I am just starting out in my investing career, I purchased my first duplex in Kankakee, Illinois in November. I have spent most of my life in the construction industry and spent a few years in the Marine Corps Reserves. I'm currently in the Chicago Tile Setters Union although work has been slow for the past few months. I wish to keep investing but due to the lack of steady w2 income lately, I'm putting the active investing on hold to focus on educating myself as much as possible until work picks up or I find some creative financing. I have listened to most of the audiobooks put out by Bigger Pockets and as many podcasts as I can throughout the day. I was initially focused on multifamily buy and hold but am experiencing a serious case of shiny object syndrome and keep getting distracted by brrrr and short term rentals. If anyone needs any tile work done south of Chicago,  or has any input or advice for me on which route to pursue, please let me know.