Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply

User Stats

6,204
Posts
5,174
Votes
Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
5,174
Votes |
6,204
Posts

Newbie in Chicago

Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorPosted

My name is Brie and I am a newbie here from Chicago. My husband and I started investing in RE about 2 years ago and currently own 3 buildings in the city. The two we rent out and self manage (3 flats) were purchased from flippers who bought cheap, rehabbed, and sold to us in move in condition. The third was a 2 flat being lived in as a SFH that we bought for ourselves, rehabbed, and increased the value.

We both have full time jobs outside of RE so this is a side business for us, but I am also a licensed RE broker though I only use it to do our own deals.

We are preparing to start looking again for another acquisition, though I am not seeing anything on the market that would yield the ROI we have been getting. We have had good luck in the past buying from flippers, but are starting to explore doing the flips ourselves or with a partner. I would like to network with flippers, contractors, and lenders and hope to grow our business!

business profile image
Second City Real Estate
4.8 stars
21 Reviews

Loading replies...