All Forum Posts by: Julius Dixon

Hi BP I hope all are having a great day! I am about two years out of college (graduated in 2016) and I’ve been learning / teaching myself about real estate investing each day for about three years now. A good chunk of my savings from my w2 work goes, and always has gone toward my first deal downpayment (I did finish college with large loans which I’ve paid a fair portion of), but as this is essentially my number one priority for my cash and in turn how I spend my time due to this constraint, it has been quite tough personally to play this waiting game. I have only lived in high priced markets (NYC and SF) since graduating, so the low DP house hacking route is not one I’ve been able to begin with, and I’ve been saving to put down 25% in my hometown of Chicago (trying to build a team there while working in SF). My first victory as of late was a preapproval from a Chicago lender, though for a much lower loan amount than can buy a multi unit property in the Chicagoland area. I’d love to hear how others got through this beginning waiting stage. I feel the longer I wait / save to begin, the longer my life is on hold. It is super frustrating. Would love to hear from others who have made it through this challenge successfully, and learn what you did to get past this and get started. The more professionals in the field I contact the more I feel like a tire kicker. Thanks Julius

Hi BP I hope all are having a great day! I am about two years out of college (graduated in 2016) and I’ve been learning / teaching myself about real estate investing each day for about three years now. A good chunk of my savings from my w2 work goes, and always has gone toward my first deal downpayment (I did finish college with large loans which I’ve paid a fair portion of), but as this is essentially my number one priority for my cash and in turn how I spend my time due to this constraint, it has been quite tough personally to play this waiting game. I have only lived in high priced markets (NYC and SF) since graduating, so the owner occupied route is not one beginning with, and I’ve been saving to put down 25% in my Home of Chicago. I’d love to hear how others got through this beginning waiting stage. I feel the longer I wait / save to begin, the longer my life is on hold. Thanks Julius

Where in Texas are people seeing these strong rents besides Dallas?

following up here in case any Chicago area investors or realtors have knowledge of property management 

thanks,

Julius

Hi BT Team,

I am currently looking for property management recommendations in the Chicago market (north side). I'd really appreciate any recommendations on experienced people in that market who I may speak with over the phone this week

Thanks

Julius 

Thanks Anthony, I appreciate the quick response! It looks like this type of loan is just for owner occupants though and I'm looking at out of state properties 

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Thanks so much for these helpful responses Phil and Russel! I think it'd make sense to start with Illinois. Appreciate you guys getting back here! 

Hi all,

I am wondering about real estate sales / broker license reciprocity. I currently live in California. I need to get my real estate license in Illinois, New York, and California, with my first priority being Illinois

Illinois has reciprocity with CO, CT, GA, IN, IO, KT, NE, SD and WI

New York has reciprocity with CO, CT, GA, AR, MA, MS, OK, PA, and WV

California has no reciprocity

Would it be in my interest to study for either Colorado, Connecticut, or Georgia in order to get both Illinois and New York?

Thanks for any replies!

Hi all, I am looking to BRRR in some of the below out of state markets and would love thoughts. I recently moved to SF from NYC, but grew up in Chicago. I am looking for 4 unit properties with value add opportunities through repairs. It has been difficult to build a team while looking in so many different places, so I hope to refine. I think sending mailers to a specific group of sellers will be the best way to find off market deals with my criteria, and I am trying to learn the process and would love suggestions on search criteria that have been helpful when creating sellers lists, and what list broker you found most helpful. Oak Park, IL Jefferson Park, Chicago Wicker Park, Chicago Bucktown, Chicago Logan Square, Chicago Humbolt Park, Chicago (nicer east pockets by Wicker Park) Hazel Crest, IL Homework, IL Floosmoor, IL Tinley Park, IL "Northwest Indiana".. not that familiar to be honest Where in greater Chicago am I skipping? Finally, I struggle to quickly get from address to offer. I want to quickly take an address and figure out number of bedrooms, baths, cap rates, repair estimates, to quickly have a set formula I can use to make offers. If anyone has advice there, it is appreciated. Thanks! Julius