Just wanted to introduce myself, I've got 4 door in Chicago (Lakeview and Wrigley) and grew up in the western suburbs of Chicago. I'm looking forward to being more involved in the forums here and helping anyway I can.
Go to NETWORK at the top of your screen and you can search for other investors and investment groups in your area. You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area.
Hey Brent, welcome! How'd you get into your first deal? What do the numbers look like?
@Michael K. Like many of you, I rented right out of school and quickly did the math of how much my landlord was making so I knew I had to get into the business. I was lucky enough to buy a garden unit in Wrigleyville as a short sale in 2011, it took 11 months to close but got a great deal. Then we started looking for a 3 Flat with a good Owners Unit, took 2 years to find the right one and got it off market through my network. So renting the bottom 2 units out and living in the 3rd. House Hacking 101
Go to NETWORK at the top of your screen and you can search for other investors and investment groups in your area. You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area.
Hey Brent, welcome! How'd you get into your first deal? What do the numbers look like?
@Michael K. Like many of you, I rented right out of school and quickly did the math of how much my landlord was making so I knew I had to get into the business. I was lucky enough to buy a garden unit in Wrigleyville as a short sale in 2011, it took 11 months to close but got a great deal. Then we started looking for a 3 Flat with a good Owners Unit, took 2 years to find the right one and got it off market through my network. So renting the bottom 2 units out and living in the 3rd. House Hacking 101
Sounds similar to what I experienced, had been living abroad in a country where rent payments are a fraction of what they are here. Moved back home and experienced sticker shock, then immediately started looking for a way to get around paying rent.
You mentioned proptech, what kind of work do you do?
Hey Brent, welcome! How'd you get into your first deal? What do the numbers look like?
@Michael K. Like many of you, I rented right out of school and quickly did the math of how much my landlord was making so I knew I had to get into the business. I was lucky enough to buy a garden unit in Wrigleyville as a short sale in 2011, it took 11 months to close but got a great deal. Then we started looking for a 3 Flat with a good Owners Unit, took 2 years to find the right one and got it off market through my network. So renting the bottom 2 units out and living in the 3rd. House Hacking 101
Sounds similar to what I experienced, had been living abroad in a country where rent payments are a fraction of what they are here. Moved back home and experienced sticker shock, then immediately started looking for a way to get around paying rent.
You mentioned proptech, what kind of work do you do?
We built a tech-enabled property maintenance and repair platform to help flatten the cost curve of owning real estate. Think of it as an oil change but for your house, it's called Flat. Feel free to DM me and I can share more.