I apologize in advance for the longer post.. I have been a member here for a little over a year now, but this is my first time posting. I am 25 years old, and I have spent the past couple of years reading/listening to everything I can get my hands on regarding real estate investing, and my day job is in finance so I am pretty comfortable with the pro-forma aspect of things.
I have finally saved up enough money for my first purchase, and I am looking for a fix and flip somewhere in the chicagoland area (I currently live on the west side, so I am most familiar with opportunities in neighborhoods like Logan Square, Wicker Park/Bucktown, Hermosa, Avondale, etc., but I am also considering up and coming neighborhoods on the south side like Woodlawn and Bronzeville).
I am definitely in the analysis-paralysis stage, as it seems daunting to just jump right into something like this alone (any time I see a potential deal I get caught up thinking, "what am i missing, why hasn't anyone else jumped on this?"), so I am curious--what events/associations are best to join in this area so that I can expand my network and find a potential partner or even a mentor? Should I just start reaching out to agents/wholesalers? any thoughts anyone has would be much appreciated, even if it is just words of encouragement from someone who recently overcame this position!!
I am active in/around Naperville area. There is a couple of opportunities I can share, PM if interested.
I do also heavily working on for short-term rental which is very promising for cash flow.
If your only looking to purchase in the city I know a few great realtors that have a knack for finding good deals on the Up and Coming SW side neighborhoods like you talked about. And a few that work on the North Side as well.
Send me a PM if your looking to work with on market leads
or just send me a text my cell is in signature
@Rob Munnings - You can look under the events tab for local meetups and networking events. Also check out meetup.com and there are some good ones on there too
Saw your title and had a little laugh. My first thought was you could use a crow bar to break into real estate.
Best of luck and welcome to BP.