Real Estate Broker · Chicago, IL · Member since 2018 · 1 post · 0 votes
Hello, BP community! I am new to RE investing, but sponging up as much as I can from books, the forums, and BP podcasts. I am living in Chicago and would love to link up with other investors in the area to gain perspective on the market! There seem like boundless niches to focus on (or get distracted by) when getting started in RE investing, but the most integral skill seems to be finding deals. House-house hacking, wholesaling, flipping, etc...all seem to be predicated on 'buying right'. What do you find to be an effective approach to this process for those getting started?
@CT Marsh Congrats on jumping on here. I think you need to look more at your longer term goals (5-10 years) and back into your approach based on what options you have available at your disposal. Are you looking to collect a few hundred in income or looking to replace your full time job with rental income? As a real estate broker you have many advantages and access over any other person that just says they want to be a REI. In my early days in RE, my brokerage pipeline was built out with investors and that is where I absorbed a lot of my experience that shaped my investment strategies but also learned more so what "NOT TO DO" as an investor by learning from these guys mistakes.