All Forum Posts by: Scott Tangney

@Anthony Wick Thanks for the advice - YouTube is awesome. It's hard to come by a 2 - 4 plex in a safer neighborhood in Chicago, but I have time and patience before I need to move.

@Nicholas Urcuioli thanks for the advice. I'm a more hands on learner too so going to properties is really going to help force me to learn. Since multi family properties tend to be in such high demand, i will really need to understand the market like you said. Appreciate the advice on budgeting.

@Alex Ferraro Alex! Thanks man. I really like how you point out being where you want to be living. Aka, I could live with parents for more than a year but that's not too enjoyable. Also, appreciate you pointing out considering other markets.

Mark Plesha Hey Mark! Really enjoyed your response and you make a really good point. No one has mentioned developing the skill of analyzing deals. I've heard of quick sometimes you need to be on pulling the trigger, so I'm definitely going to make sure I gain some experience there.

@Victor Tejada

What's up Victor. I'm in your same boat... 21 y/o just getting started.

I've learned to

Learn as much as possible (podcasts, books, meet ups, etc)

Save as much as possible (you can get creative and find the deal and then raise money but may be difficult to do your first time)

Jump in when it's clear. Meaning when the deal aligns with your strategy, pull the trigger (know why you are in real estate specifically...what is your goal?)

"Build a team" meet agents, lenders, contractors, etc.

@Crystal Smith your in depth answer is awesome! I really appreciate your opinion and I agree with everything you've said. I'm going to join a few meet ups and really figure out my goals and use your advice to continue

@John Warren @John Warren Thanks the tips John! Moving back with parents makes the most sense for saving cash. Maybe a newbie question, what do you mean by "kind of inventory"?

@Tony Angelos Hey Tony, I just listened to the podcast and it was really eye-opening. I'm listening more and more of those chicago specific ones. I'll definitely look to save as much as possible

@Joe Aiola thanks for the tips! What education methods have worked best for you?

@Jeffrey Edwards thanks for the book recommendations! I'll check those out