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Updated over 9 years ago on . Most recent reply

User Stats

4
Posts
1
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Thomas Connolly
  • Lake Barrington, IL
1
Votes |
4
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New Member from Chicago / Milwaukee Eager to learn & network

Thomas Connolly
  • Lake Barrington, IL
Posted

Hi All,

My name is Tom Connolly, and I live in the northwest suburbs of Chicago, about equidistant from Chicago & Milwaukee.  

I am employed full time in software sales, and my wife is full time employed in Digital Marketing. 

We are interested in beginning a real estate career as a part time job.  I am working on putting together a business plan now, and the reason why we would like to invest, is to at some point have complete financial freedom by owning our own business.  

Goal/Vision (currently) - Knowing this may shift as I get more into the real estate community:

1) Find great mentors! Continue to read and self-educated on real estate investing

2) Buy first property by April 2017

3) Build a plan to acquire and rent 50 rental properties comprised of Town homes, Single Family Homes, and possible Duplex-Quadplex properties

3) Start soon, start small - I understand all of the 'tools' in real estate investing, and I am trying to not boil the ocean.  I'd like to get very good at buy/hold, and expand when I feel more comfortable with other strategies such as commercial renting, wholesaling, etc.

Excited to connect with anyone on the forum, especially those located near Chicago IL & Milwaukee WI for advice.  I'm not sure what benefit I can contribute initially, but I'll find a way.  Big believer in Karma & Paying it forward!

Cheers!
Tom Connolly

Most Popular Reply

User Stats

118
Posts
47
Votes
Svetlana Foley
  • Realtor
  • New Berlin, WI
47
Votes |
118
Posts
Svetlana Foley
  • Realtor
  • New Berlin, WI
Replied

Sounds like you have a plan, which is very important first step!  Second step is to talk to a number of lenders and figure out all of your options/narrow down your plan.  Good luck, and welcome!

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