Trader in chicago needs advice

[Brian C.]

I have zero experience in the real estate industry but would like to start immediately. Would like to start with a 200k investment, do I buy a couple 4 flats? a million dollar commercial property with 20 percent down and a nice cap rate? or even partner with other investors and look at 20 plus unit commercial properties? Ive been a trader for 15 years so I understand risk more than most and willing to go forward. Thank you

[Account Closed]

@Brian C. ,

Cliff has some good points. The first thing I will say is that now that you have posted the money you have available, you will be contacted by about a million people on here. Not only do you have to get your due diligence on the properties and deals, but more importantly on the people you may work with. That is CRUCIAL. BP is a great resource, but there are always people that aren't necessarily who they claim to be, or aren't as honest as we would want.

Then you need to not only educate yourself, but find your risk level you feel comfortable with. Come up with some realistic ideas of return you would want on that investment. Rather than put it all into one property, why not develop a plan to keep the funds rolling buying property after property and building a portfolio that will net you the largest return rather than going one and done?

Again, Cliff has it, what level of involvement do you want? If little, you will need to truly evaluate those you want to work with.

GO BLACKHAWKS!!