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Updated 6 months ago on . Most recent reply

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Al Gordon
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Hello - New to BiggerPockets Pro

Al Gordon
Posted

Hello everyone! I'm Alex Gordon, and I'm excited to connect with you all from the city of Chicago. As a newcomer to BiggerPockets Pro, I'm excited to expand my existing portfolio, which currently includes 7 properties/10 doors.
I've decided to shift my focus to the Northwest Indiana market. The regulations in Chicago can be quite overwhelming, so I’m looking forward to exploring the opportunities in this area. My strategy is to buy properties for cash, rehab, rent them out, and refinance. Then rinse and repeat (-:
I’m on the hunt for good deals and am particularly interested in learning more about auctions, sheriff sales, and networking within Northwest Indiana. If you have any recommendations or resources that could help me, I would greatly appreciate your insights! Thank you for welcoming me into this community—I can’t wait to learn and grow with you all.

  • Al Gordon
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    Jonathan Greene
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
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    Jonathan Greene
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
    Replied

    Welcome, Al. Nice portfolio you have going so far with 7 properties. Did you buy any of those at auctions or sheriff's sales in the past? I am asking because that is a science and often inhabited by regulars who know how to bid you up on the duds if you haven't done it.

    One tip I would give you before you go into Indiana would be to really take a hard look at your 7 units and 10 doors and see if there are any underperformers in the bunch. If there are, sell them and repurpose the money into that new market. A lot of investors when they start to scale keep the numbers, but don't recognize the duds in the bunch.

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