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All Forum Posts by: Christopher Raiz

Christopher Raiz has started 2 posts and replied 35 times.

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Miguel Castillo I'm interested in buying and holding with selling eventually, flipping and wholesaling I'm very unfamiliar with; I'll have to research more into the whole concepts of those types of real estate. If you have any general advice on any of them I'd love to hear it! 

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Jack Moran I currently work at a law firm full time and go to college part time so I'm going for a weekend job and any job that will work around my full time schedule when I don't have classes those days. Do you know any positions that I should apply for that would give me the most experience? I'm considering even working for free if it comes to that because right now I just need the knowledge and experience under my belt.

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Rob Hoffman I'm really glad to hear that. A lot of people have been moving into my local area that I've been noticing and I feel like it's a golden opportunity as of right now. I hear a lot about this house hacking and I'm very interested in it if you could tell me a little bit more that'd be great! If not thank you for your advice on my area! I'll look into investors around the area.

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Will Gaston Hey! Thanks for the advice!

I was wondering when the cycle reaches the bottom but near the rise is that when people should buy into real estate because of its low prices?

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Caleb Heimsoth

Ooh, so a REIT is a share/stock that's traded publically on a stock exchange/stock market? Would it also bring in monthly payments for the number of shares you own in the REIT like a passive income or would it be a buy/sell type of income?

I'm reading it on | https://www.investor.gov/introduction-investing/ba...

it seems like a great investment if this happens to be what your referencing. If it is, do you know somewhere that I could find a reliable broker for investing into these?

(Also if it's not too much to ask could you explain to me what syndication is? Thanks!)

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Caleb Heimsoth

Ah, okay that sounds perfect actually for a starting point until I can compile enough money to start my first deal, and just to make sure I'm understanding this properly a REIT would be like Cardone Capital? Investing in real estate essentially as if I were getting stock in the property that would produce me passive income over a certain about of time whether the payment would be monthly or annually etc.? Do you happen to know any other REIT websites that I can browse to look for investments?

Also, I did not know that about credit scores so thank you for informing me! I'll keep doing my best to raise it as quick as possible, it's going great so far and will hopefully only get better! In the meantime, I will keep learning about different types of real estate investments and the best way to approach different scenarios. Thank you for the advice!

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Caleb Heimsoth  

I currently have 719 on TransUnion and a 705 of Equifax and rising.

I do agree 5k won't even last me half a year if I were to recklessly spend it, do you have any recommendations as to what I could possibly invest it into? Or if I should keep building it up to invest into something later?

Thank you for your advice! 

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Aaron Millis Thank you for the motivation! 

I agree now from just this one forum post I can learn so much from BiggerPockets and the community that runs it. People like you and everyone else on this forum post are in a way mentoring me or coaching me on how to go about this properly and for that I'm very grateful. Thank you for your motivation and advice! 

Wish you the best.

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Jay Hinrichs 

I'll keep that in mind when out in the field! Been trying to figure out a good way to be able to gather connections from each field of work involving real estate on a personal level and this certainly sounds like one of the best! 

Thank you!

Post: 19 | 5k | Good Credit - Where do I start?

Christopher RaizPosted
  • Rental Property Investor
  • Aurora, IL
  • Posts 36
  • Votes 12

@Gage Rowden That sounds great! I haven’t heard about that before but I’m definitely interested. A perfect way to start increasing cash flow to be able to proceed with my first purchase!

Thank you a lot for the idea, it’s just what I needed!