Teaming Up vs. Going Solo for First Fix & Flip in Chicagoland?

[Angel Arroyo]

Hello Fix & Flip community,

My friends and I are interested in getting into fix and flips in the Chicagoland area. We're considering pooling our capital to take on a project together, but I'm also wondering if it might be smarter for me to partner with an experienced investor first. That way, I can learn the ropes and then guide my friends through the process later.

What do you think makes more sense for a first-time investor — team up with friends from the start, or gain experience solo with a mentor or investor before bringing others in?

Would appreciate any advice or personal experiences!

[Jason Taken]

Quote from @Angel Arroyo:

Hello Fix & Flip community,

My friends and I are interested in getting into fix and flips in the Chicagoland area. We're considering pooling our capital to take on a project together, but I'm also wondering if it might be smarter for me to partner with an experienced investor first. That way, I can learn the ropes and then guide my friends through the process later.

What do you think makes more sense for a first-time investor — team up with friends from the start, or gain experience solo with a mentor or investor before bringing others in?

Would appreciate any advice or personal experiences!

Chicago is tough on a beginner. Stick to the suburbs. And if you're looking for a really beginner friendly area, head over to northwest Indiana. A lot of us invest over there as its pretty close to Chicago with less cost, headache, and struggle with local municipalities.