Newbie from Chicago, IL!

Newbie from Chicago, IL!

New to Real Estate · Chicago · Member since 2020 · 14 posts · 6 votes

My name is Cielo (you pronounced that as "shello")! In Italian & Spanish I've been told it means "heaven" or "sky" :) Though I'm neither of those nationalities because I'm Filipino, funnily enough.

I am 25 years old and I live in the northwest suburbs of Chicago. My strategy in real estate is to buy + hold for long-term wealth and my current goal is to acquire my first rental property through house hacking using an FHA loan.

I've been listening to BiggerPockets' podcasts for months now and all the success stories just makes me want to get started on my own journey too. I started getting interested in REI a few years ago when I noticed a ton of financial books in my mother's room. Long story short, she took notice of my curiosity and suggested I read Rich Dad Poor Dad.. so low and behold here I am today. For so many years my mother has read multitude of investment books since early 2000's and she still hasn't invested in real estate yet. Fear got to her. I then realized that knowledge isn't powerful unless action is taken with it.

So my question to you is, how did you get into real estate investing?

I look forward to making new friends here on this wonderful platform that BP provides as I'm sure I can learn valuable information from each and everyone of you. Thanks for taking the time to read!

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

@Cielo Macaraeg I got started house hacking a duplex in Logan Square in 2019. I used an FHA 203k loan to do rehab on the property. I'm also 25, so happy to answer any questions from that point of view!

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  • New to Real Estate · Chicago · Member since 2020 · 14 posts · 6 votes
    6y

    @Aaron Zimmerman Out of all the neighborhoods I'm more familiar with Irving Park since I lived there for a few years when I was younger! I still have family friends out there too. Lookout for your PM's from me soon (: 

    @Crystal Smith Thank you so much, Crystal! I always get so excited when a female responds to my threads. My mom & I started playing that cash flow game from Kiyosaki for awhile and I was looking forward to playing it with other people locally but this pandemic is preventing me from doing just that.Will have to jump on that opportunity when it presents itself in the future! Thanks for sharing.

  • New to Real Estate · Chicago · Member since 2020 · 14 posts · 6 votes
    6y

    @Luke Marsh Hi Luke! That's awesome. Always growing, never stopping! & also, hello from Chicago to Cincinnati! :)

  • Crystal SmithPro Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2014 · 2k+ posts · 1k+ votes
    6y
    Originally posted by @Cielo Macaraeg:

    @Aaron Zimmerman Out of all the neighborhoods I'm more familiar with Irving Park since I lived there for a few years when I was younger! I still have family friends out there too. Lookout for your PM's from me soon (: 

    @Crystal Smith Thank you so much, Crystal! I always get so excited when a female responds to my threads. My mom & I started playing that cash flow game from Kiyosaki for awhile and I was looking forward to playing it with other people locally but this pandemic is preventing me from doing just that.Will have to jump on that opportunity when it presents itself in the future! Thanks for sharing.

    The Pandemic actually provides you with an opportunity. We played the game virtually with friends and family around the country a few weeks ago. Look up the online game then plan time with your friends to play it.

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