Newbie and soon to be college grad, Chicago

Newbie and soon to be college grad, Chicago

New to Real Estate · Chicago, IL · Member since 2019 · 2 posts · 2 votes

I am a rising senior accounting major at the University of Notre Dame. I came across BP a few years ago when looking for some podcasts to listen too. Since then I have enjoyed listening to the BP Real Estate Podcast and has really sparked my interest in rental properties. Like many others here, the idea of someone else paying down the mortgage and therefore gaining equity myself while being able to cashflow a little bit excited me. Needless to say I was hooked...

This is my first time posting since the past 3 years I have been in the learning phase of my Real estate journey and as a student wouldn't have the opportunity to buy until I had a job and made some money. SO fast forward to today and I am roughly 2 years out from joining the work force and being able to really take action. I have focused my attention on the Chicago area since this is where I desire to start my career. Right now I am looking to learn more about the real estate market in the Chicago area, specifically advice on house hacking strategies in the area out of college.

Im glad to be apart of this community and I hope to talk to some of you soon!

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Rental Property Investor · Chicago · Member since 2018 · 612 posts · 1k+ votes
6y

@Brian Griffith - welcome! We have a podcast exclusive to Chicago REI (Straight Up Chicago Investor) and episodes 5 and 15 are highly focused on househacking - should be right up your alley.

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  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    6y

    @Brian Griffith Hey welcome back to Bigger Pockets! This place rocks. You're at an exciting time in you life so don't let it get to your head. When I was in my 20's (sounds like an old person) I spent my money on cars, motorcycles, bicycles, hobbies, things of that nature, and didn't care about investing. Don't be like that. Be smart and start saving today for your first DEAL. My mindset changed at 30 years old when I was hit by a car! The pain and suffering and medical bills showed me that really nobody cares about your financial future. I was mad and made changes to fix it. 

    It's funny how life works. 

  • Rental Property Investor · Chicago · Member since 2018 · 612 posts · 1k+ votes
    6y

    @Brian Griffith - welcome! We have a podcast exclusive to Chicago REI (Straight Up Chicago Investor) and episodes 5 and 15 are highly focused on househacking - should be right up your alley.

  • New to Real Estate · Chicago, IL · Member since 2019 · 2 posts · 2 votes
    6y

    @Tom Shallcross - Thanks for the reply, I'll be sure to have a listen to your podcast! Sounds like it will be a great resource for me and my REI journey.

  • Investor · South Bend, IN · Member since 2018 · 111 posts · 57 votes
    6y

    @Brian Griffith - Glad to hear it! I was an accounting/finance major as well from Bradley University (graduated 3 years ago). The only thing I regret is not finding real estate and BiggerPockets even earlier. I would second Tom's podcast - his episode with Brie gives a great rundown of the areas and how to house hack within them. Since you have time, I'd highly recommend using the time to study up (and not just for the CPA exam). Good books to start with are Rich Dad Poor Dad, Set for Life, and The House Hacking Strategy. I'd also recommend looking at the all the BiggerPockets books and find the ones that apply to you. I'd also of course suggest you listen to the BiggerPockets podcast (as well as their BP Money one). I found the Millennial Real Estate Investor podcast to be useful too; their first 10-15 episodes are all about house hacking. Good luck and I'm happy to help or talk about my experience house hacking in Chicago.

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