Updated over 8 years ago on . Most recent reply
New Member in Chicago
Hello BP Community,
My name is Grant, and I am a 26-year old professional living on the north side of Chicago. I am new to BP and have just started listening to real estate podcasts and reading books on real estate investing, so at this point I am trying to just soak up as much information as possible.
I'm originally from Louisville, Kentucky and have only lived in Chicago for three years, so I am not very familiar with all areas of the city/suburbs. My first goal is two buy a small multi-family unit within the next 9-12 months, potentially house hacking depending on if I can find a good deal in a reasonable neighborhood.
Even though I don't plan on making my first investment until 9-12 months from now, is it a good idea to establish a relationship with a realtor? Are there any general tips or "rules of thumb" that I should be aware of in the Chicagoland market?
I would greatly appreciate any advice and/or feedback!
Grant
Most Popular Reply
I agree with the others, start with the lender and see what you can qualify for. If you don't plan on buying for awhile then now it is a good time to establish where you are at so you can make adjustments to your finances/credit and be better prepared.
If you are thinking the north side I suggest taking a look at these past deals - it will give you a good idea of what to expect
- Brie Schmidt
- Podcast Guest on Show #132
