Rolling Meadows, IL · Member since 2016 · 20 posts · 5 votes
Hello Everyone,
I'm a new member to the BiggerPockets Community. Very grateful for being in a community where I can learn from like-minded individuals and begin and grow as an investor. I'm currently siding with Multi-Family Investing. I'd like to purchase a duplex/triplex/fourplex and rent this out to tenants. I'm starting small now with properties under 80k that I can find in reasonable locations in Illinois for example, Dwight, IL, Ottawa, Morris, areas in Central IL where area is cheap so I can generate a nice stable income. Most of all, I'm looking at these forums to learn from you guys and read your posts and as well as the BiggerPockets guides that are out there. I live in the Northwest Suburbs of Illinois in Rolling Meadows, IL and was also wondering are there investor meetups around there or in Chicago? Thanks a lot in advance everyone, and I hope to learn from you all and begin my path to generating passive income as an investor.
Welcome to BP! I am a Managing Broker in Woodstock Il and I too invest in Residential 2-4 unit properties. I currently have 3 4-unit properties and a single family rental. I would be happy to talk about a game plan and get you moving in the right direction!
Hey Anthony welcome to BP! You have a good solid plan there to start with. Keep taking action and you'll be on your way to building a successful portfolio.
Welcome to BP! I am a Managing Broker in Woodstock Il and I too invest in Residential 2-4 unit properties. I currently have 3 4-unit properties and a single family rental. I would be happy to talk about a game plan and get you moving in the right direction!
Hello and welcome to BP! I do not know Illinios geographically and I have only heard of Chicago. I am from Texas and I am not very well traveled. One thing that I have to say is that the city that you use should be over 100,000 in population. The more population is real important as also is the diversity of the economy. You could talk to a good Agent to ask those kind of like that and where is the most popular space. There may be more competition there but some of them might be your friend.
Try to have your properties within about an hour from your home or office. Your office can be in your home as long as there are too many distractions. It is probably better to get your financing worked out before you start making offers. Try to focus mainly on income productive things and hire everything else out. Do not cut any corners to make something look better. Just do what is average for that neighberhood. Be patient and simple at what you do. Good luck to you!
Just joined as well - I live in Yorkville, IL. Not too far from Morris. Just starting out myself and hoping to get my first single family unit going this year. If anyone does do an Illinois meet-up, I'll try and make it out as well.
Welcome Anthony! That's where many investors start and pick up from there. Keep reading and never fall in love with the first property..there will always be another deal!