I’d look at listening to podcasts such as BP, BP money, straight up Chicago investor podcast.While in school and even now, I’d focus on working as much as possible to make sure you’re in a good position to have a down payment as soon as possible.i’d try to understand what a good deal is (underwriting), and also lending. 

., if I’m dealing with someone in, say, Chicago or Austin, I know precisely which local operators are closing quickly and which boutique lenders are staying nimble.

👋🏽Perfect timing - now is the time to set up your team to help you find a lucrative deal in the north side of Chicago.

Fast forward a year later I am at home (Chicago) and find myself in the beautiful suburb of Oak Park.

Hi @Yents Ybrimovic - I love the FHA 203k renovation, but to be honest I love the Fannie May HomeStyle renovation loan even more.As an investor and a general contractor, I have used both products here in Chicago!

I sent you a colleague request since my son is in chicago and I invest in Davenport, you never know, there might be some overlap there.

Hi There - We have had several clients make the numbers work here in Chicago typically with either FHA 203k and home style renovation loans.I continue to remind everyone that a single or walk right now will be a double, triple, or even a home run down the road. 

The other thing to consider is the age and if you add a second floor will the entire structure need to be brought up to code for hurricane and wind.I live in a neighborhood where the homes are older (not in florida) and the foundations are hollow core CMU and adding a second floor would not be feasible due to soil bearing.

When I’m working with clients looking in places like Phoenix, Austin, or even Chicago, I’ve found it’s about dialing into the local pulse.

My business partner and I just opened up our property managment company in the Chicago/Chicagoland area and it is not easy to do this the "right way".Honestly you can get yourself into some serious trouble if something happened with a tenant, an injury, anything and they sue and find out you don't have a license.