All Forum Posts by: Account Closed

Hi All,

Looking to start investing in rental properties in the Chicago Suburbs. Does anyone have any recommendations of a town/area to look into and has had success with REI? Thank for your help!

Hi Everyone,

Looking into purchasing a condo as a first rental property. The thought is that a condo would be a good way to start out in REI slowly and get experience being a landlord. What are your thoughts? the pros/cons? I know HOA can be seen as a con with condos. Thanks for your help!

Hi all!

I’m looking to purchase my 1st investment property as a buy and hold rental in the Chicagoland area. Current primary residence is a townhome. Any suggestions on what type of property to invest in as newbie landlord? What would the financing terms look like?

The idea is to start off small and get experience under my belt/learn as much as possible. I would like to slowly start building my portfolio.

Thanks for your help!!

@Jason Wray thanks Jason! Looking to get the best rate and a “locked in” rate for conventional loan. I will ask for an itemized breakdown as well. Appreciate your help!

@Ujwal Velagapudi

Those are all great questions!! Thanks for your expertise!

Hello!

Looking to get pre-approved for a conventional loan for my first property. Are there any specific questions to ask or anything I should look out for when speaking with the lender? Thanks!!

@Matt Bucklaew thank you Matt! Looks like most are virtual but online might be a good idea so I can learn at my own pace.

@Jonathan Klemm thank you for the link Jonathan! Appreciate your help!

@Charlie Beneke thanks for your reply Charlie. I saw Redfin works with CE Shop. I’m glad to hear you had a good experience with them. I’ll take a look at their offerings. Would you recommend I focus on investing in my first property right now before getting a license?

@Forrest Williams thanks Forrest! I will have to look into their offerings. Appreciate the help!