All Forum Posts by: Edgar Barbosa

@Nicholas Otero separating from active duty can be a challenging time, however you've picked a great community to help with your transition. I've used my VA Loan multiple times and could guide you in your search. Here to help any time.

Understood. Thank you for your service @Christopher Hunter  I’m a Marine Corps veteran. Did an active tour and also some reserve time with 3rd CAG in Great Lakes. I love the multi family housing stock in IL, especially in Chicago. There’s plenty of historic architecture that for the right price will be greatly appreciated renovated. Have you considered single family rentals for active military? Let’s connect and hopefully find you something within that range of criteria. 

Hello @Christopher Hunter, if i may ask, what attracts you to the Chicago (IL) Market? 

 I 100% agree with you @Dan S. I also have a 2 unit in Cicero. It's on the southeast border which is a very quite area and very family friendly. Close proximity to the Stevenson was another requisite of mine. Chicago police are very preoccupied so I also love that Cicero police are very responsive. 

LV has it's challenges, and while there are opportunities, I could tell you that gentrification will be very hard to pull off because there is a very tight knit community there. Also based off the fact that 26th St is the second highest income generating corridor in Chicago, next to Michigan Ave, the community leaders won't let that go without a fight. 

Congratulations on your pursuit @Rebecca Maas. I recently became licensed here in Chicago as well. My best advice is to join your local REIA and get input from there since they are boots on the ground. If you're going in full time, a team would be great to learn from and sort of have the training wheels for the time being. Don't be afraid to ask questions. Set expectations, and understand what is expected of you. Working primarily with investors means they already understand the process and rely on you to provide them with insights rather than hold their hand. Best of luck.

@Carl Dela Cruz Love the plan to action!! I started my journey house hacking as well. To me it's the best strategy if your lifestyle allows for it. And you're starting so young which is the best part! 

Which grad school will you be attending? That will play a huge role in the price point that you mentioned. With the market at its current state, you have to be diligent about finding both a deal, and a primary residence. 

Other than that I wish you much success. Let me know if I could answer any further questions or if you'd like to connect. I'm located in Chicago and would love to help. 

@Carolyn Bernicky I think this depends on who you ask. I'm sure depending on your strategy Chicago is a very well rounded market to be profitable. Some have their biases and others just flat out don't like the policies and regulations. However, I know many people that have had much success in Chicago and surrounding suburbs, and continue to do so. It's the Midwest hub. It helps to have in depth knowledge of the city, but with the right team you'll be set up for success. 

 Hi @Jacob Zimerman!! Would love to connect. I'm local to Chicago as well. Former active duty military so I have connections with realtors in CA, AZ, NC, TX, and LA. Feel free to reach out. Thank you. 

 @Aaron Cooper congratulations on jumping in! I'm from Chicago and recently obtained my license as well. My experience with the studying and exams was pretty simple and quick. Do not overthink the questions. Like @Jake McVey mentioned, types of agency was on multiple questions, real estate math is on there (they provide conversion chart), and ways to take ownership. As long as you understand the basics and ethical practices, you'll be good. The great thing about real estate is that it is so vast! Once you're in, you could really niche down and specialize. Best of luck!

@Feras Majeed hello and welcome!! Super exciting to have you be part of the BP community! I could tell you that you are more than capable of accomplishing everything you mentioned. I'm a Chicago native and real estate investor/agent. The more you network the more opportunities that open up. I know of two teachers turned real estate investors. They will have much more specific knowledge to your situation. I suggest getting on Facebook and reaching out to local Chicago investor groups. Let me know if I could send you more information. Best of luck!