Chicago Novice Flipper!
Hello BP!
I'm a recent transplant to Chicago (downtown) and am looking to get back into real estate investing, specifically fix'n'flips, and am seeking advice from seasoned veterans on the ins and outs!
Background: I'm from Cincinnati and did some investing there in the form of a few wholesales and flipped a SFH I found in partnership with my father's REI company. I've assisted with my dad's business since I was 14 doing house repairs for flips and holds, but I'm looking to complete this on my own now.
I work full-time, which I know is a hassle, but from my research on available deals it seems the margins are large enough given the home prices around here to account for private lending as well as a project manager to oversee the rehabbing. Note: I realize this eats into the profits significantly, but I don't have many other options without wholesaling.
I've anyone who has experience working money lending and contractors rehabbing your projects I'd love to connect and ask you some things!
Thanks in advance!