All Forum Posts by: Amy Van Ollefen

@Dick Rosen That's interesting. I was looking at a real estate investing thing that basically sold you a bunch of education before you started finding deals for them, and one of the ways you could finance the education was by buying getting a loan through one of their lenders and buying a 2 unit from them in Milwaukee which would cash flow enough to cover the loan and education. Was thinking about it but 1. I didn't want to drop that much money on education, 2. this was clearly a slow going process because it would take a while to go through all that education and then just get a small fraction of the deals you feed them as you learn 3. I want to get out of debt, on not get in any more debt 4. I know nothing about rentals or if this was even a good deal. But it's interesting you mentioned Milwaukee because it sounded like they were pretty heavily invested up there.

@Ramon Jenkins 

Thanks!

@Account Closed 

Thanks! I don't know how the Chicago area is as far as tenants vs landlords. I don't really want to get into rentals until I have more of an understanding of real estate in general, and probably wouldn't do it in Chicago anyway, since my goal is to move to SLC. Although I suppose I could hire property management and be out of town. I know nothing about SLC, and have lived in Chicago 30 years, while maybe not necessarily from a real estate standpoint, I certainly know a lot more about the area in Chicago.

Hi, I have just started looking into real estate. I've been looking for a way out of my horrible corporate office job, and be "self-employed" for several years now and so far have found several ways that don't work. :) I got interested when I heard about options and wholesaling, because I am in a spot now where I have very little $ and some debt, otherwise I'd open a futures day trading account and then start buying cash flow properties and other fun things. For some reason however, they don't give trading accounts to people with a negative net worth. Go figure.

Feeling a bit overwhelmed at all the stuff there is to learn. Most of all I think it sounds harder than the few books/blogs I read initially implied. (this is in no way shocking) I am by no means opposed to hard work, but I have pretty much zero desire to stay in Chicago, and would like to move to Salt Lake City, UT as soon as possible, ideally before winter. I am realizing this may not be realistic. But it seems like a waste of time to build buyers lists and network in a place I am hoping to move out of yesterday. So now I am feeling a bit stuck! I guess I can look for a new job in SLC and try to do some wholesaling part time, but it's frustrating to have to get another "crappy" job, and feels dishonest when I apply for something knowing I already want out as soon as possible. "Where do you see yourself in 5-10 years from now?" Skiing in the Alps, hiking Machu Picchu and building orphanages in Haiti, while my real estate and other investments cash flow more money a month than your entire salary" might not go over that well in the interview! HAHA! But all that to say, on my radar at the moment is wholesaling, maybe eventually some fix and flips, and cash flow/rentals.