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All Forum Posts by: Victor So

Victor So has started 19 posts and replied 248 times.

Post: New Chicago Based Investor

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144
Welcome to BP!! I am 32 years old and fairly new to real estate. Just put 3 properties under contract. I wish I started earlier! Good luck to you on your journey!!

Post: Chicago area newbie!

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144
Welcome to BP Ja'ami Mock ! What Chicago areas are you looking at?

Post: How much does your lawyer charge?

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144
Hey Francis Rusnak my lawyer charges 450 per transaction (not hourly). He's great! PM me for his info!

Post: What is your WHY ?!?!?

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144
All my life, I wanted to be successful. Success meant different things at different points in my life. When I was younger, success meant getting good grades. In high school, success meant getting into a good college. In college, success meant getting a good job after college. And when I graduated from pharmacy school, success meant becoming a pharmacy manager. After I became a pharmacy manager at Walgreens, success meant moving up the corporate ladder. However, I realized I was miserable at my 9-5 job despite my awesome salary and bonus. I was tied down to management and all of the duties associated with it including attending meetings, checking emails, participating in conference calls, and everything else. And it eventually occurred to me that I didn't want to deal with the pressures of upper management anymore. Therefore, I stepped down from management in order to pursue real estate investing with my fiancée and father. I find the deals; my fiancée designs them; and my father, who is a general contractor, rehabs them. My pursuit of real estate investing has really brought our family together and we use it as an excuse, if you will, to spend more time with each other. My WHY is my family! (Sorry for the long post and thank you for reading, if you did)

Post: Student Loans! What Company do I Choose?

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144

Thanks everyone for your input!

Post: Other listing sources apart from Redfin, Trulia, Zillow, etc?

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144
Byron W. Which Chicago neighborhoods are you looking at?

Post: Other listing sources apart from Redfin, Trulia, Zillow, etc?

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144
Hey Byron W. ! I sometimes use realtor.com along with the other sites you mentioned. I use Craigslist to look at off market properties and actually got my first deal through it. I also have several real estate agents send me properties from the MLS. I just called experienced real estate agents in the areas I wanted to invest in and gave them specifications on what I was looking for (single family homes, multifamily units, price range, etc) and they programmed the MLS to send me automated listings throughout the day. Hope this helps! Victor

Post: Student Loans! What Company do I Choose?

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144

@James Petty Thanks for the info! I'll definitely look them up! 

Post: Out of State Investing For First Time Investor

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144

@Anthony L. Welcome to BP! I've been fiddling with the idea of acquiring a turnkey property just to test the waters. I've seen many people have great success with it with the proper property management team in place. It seems like most property managers charge about 8-10% and the good ones are those who know their markets well, answer their emails back promptly, are extremely accountable, and easily accessible. For the most part, it seems like the consensus is that property managers are worth it given that they follow through with all of their claims with how they will manage your property. If you're unsure about it, many guests from the BP podcasts suggest you look right outside of your market, maybe 1-2 hours away, and see what you can find. 

I have partners who specialize in turnkey properties. PM me and I will refer you to them. 

Good luck with all your endeavors! 

Post: What is your COLLEGE DEGREE IN!?

Victor So
Posted
  • Real Estate Agent
  • Chicago, IL
  • Posts 260
  • Votes 144

I received my Doctor of Pharmacy (PharmD) degree from Midwestern University in Downer's Grove, Illinois. I got into management right out of school and was a pharmacy manager at the business Walgreens pharmacy in Southbend, IN. Eventually, I got transferred to Illinois and eventually ended up managing the business 24 hour Walgreens pharmacy in my district in Round Lake, IL. My initial goal was to make it to corporate and retire in upper management. However, I realized that I was miserable as a manager and didn't want to be tied down. I wanted more control of my time and finances. Therefore, I chose to get into real estate. I stepped down from management and I am trying to build my real estate portfolio. I think I made the right decision. However, I guess only time will tell...