Newbie from Chicago (Southwest Suburbs)

13 Replies

Hello Everyone,

My name is Jason Thornberry and this is my first official step towards getting involved with Real estate.  

My Grandmother (rest her soul) was a Realtor and I remember admiring what she did for a living when I was a child.  I've always had an interest in Real estate but lacked the energy and motivation to do something about it.  Recent (and positive) changes in my life have renewed my spirit so, thanks to Google and a little effort, here I am! =)

My current profession is in HVAC, (heating, ventilation, and air conditioning), along with a decent knowledge of electrical and plumbing.  I'm pretty handy and can do quite a lot of DIY projects.

I would love to own some rental properties and do some flipping but I'm currently under water with my first home and I have no capital to get started with. 

My current plan is to hopefully become a Realtor while keeping my current job so I don't have to give up the benefits and securities that it provides.  My schedule is somewhat flexible so I hope this is feasible.  

Alternatively, (I hope this is not out of line or considered "pitching") I hope I can find a way to apply my knowledge and skills with HVAC and network with people who are actively involved in Real estate properties.  

I wanted to keep this short so I think I will stop here...  I look forward to any and all comments or advice.

Thank you!

@Jason Thornberry  

Welcome. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 80 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

Promotion
Motivated Leads
Marketing For Investors…By Investors
We Get Houses For Real Estate Investors
We help investors get more off market deals from distressed sellers.
Learn More

Welcome to BP community @Jason Thornberry   It is a great place to meet new friends and learn about various aspects of real estate and more. 

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

Wishing you the best! 

Welcome to BP Jason! 

Having the HVAC background will only help you! Along with knowing other good tradesman in the industry will also benefit. 
The site has so much to offer you could almost get lost in it! :D


Wish you the best on your journey! 

Welcome @Jason Thornberry  ! Lots to learn here, and I bet you can be of some help too w your HVAC experience.

You can set up keyword alerts (HVAC for example) so when someone posts you can jump in and join the conversation or give advice.

Best,

Jeff 

Promotion
Baselane
All-in-one Financial Hub for Rentals
Still using Excel to manage your rental finances?
Simplify rent collection, bookkeeping, banking, reporting, and taxes. Less stress, higher ROI.
Learn More

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you