Newbie from Shorewood, IL

[Larry Tacker]

Hi all, My name is Larry & I am from the extreme SW burbs of Chicago.

I currently prepare taxes & close loans for many different title companies. Closing some of the investment loans is what has lead me to this point.

I just recently became interested in REI about two years ago but have yet to act on it, it's a big step. I have been looking at & watching properties for about same time frame to get a feel for trends & prices.

I have been reading for a while, trying to gain some knowledge & information. I am interested in finding a balance between flipping & buy & hold.  I would definitely have to consider Hard Money or Private Investors to start & really would appreciate the dos & don'ts to this method.

I'll keep reading but any tips, advice, or help would be greatly appreciated!

[Sam L.]

@Larry Tacker Welcome to BP...

I'm a newbie also with only 1 rental property in Joliet. If you can deal with a little ghetto-ness you can find some good deals around here, 2 bed/1bath houses on the east side can be had for 40k and rent for $850-900. Only issue I'm having right now is finding financing on such cheap houses, though I'll admit I haven't looked into any credit unions yet.

Good luck and keep in touch,
-Sam