Newbie looking for help

[Angela Smith]

I'm a newbie in illinois looking to purchase my first property. Im looking for some advice. should I consider a preforeclosure or try to purchase through a auction. I would appreciate any help from the community forum. Thank you in advice.

[Mark C.]

Hi Angela, I would say that the best thing to do first before even looking at property is decide WHY you are buying. I help many first time buyers plan their next move but its key to know why you are making the move.

Is this for long term or short term

do you want a project (if so how big) or turnkey plug an play property

do you want the unit as a back up if ever you need to live there

are you more concerned about rental yield, capital appreciation or both

I would say answer the above questions and then decide whether your current search method is going to tick all of the boxes.

Buying your first property can be scary but also can be the best, and most addictive, thing you ever do.

Good luck and your welcome to DM me any questions if you need help