All Forum Posts by: Eudith Vacio

@Dan Taylor I would HIGHLY recommend you check out the Kwak Brothers. They have meetups in Naperville, by far the best group I have ever attended. (download the meetup app). They also have a youtube channel on leveraging HELOCs to accelerate your mortgage payoff. Also, check out the events here on BP, there is one every Wednesday at PonyInn that is amazing.

Hi @Dan Taylor I was in your shoes 3 years ago almost to the day. Like you, I realized I wanted to get into real estate and did not know where to start. I had a read a couple of books, saved enough money and felt stuck. I'm an analyst so I tend to get stuck on over-analyzing until I saw a video that the best way to get clarity is to take action. So, I called up a few real estate agents, and started looking at neighborhoods. I started with areas I already new, and it took me about 6 months to get my 1st property. I bought a 2 bedroom condo, househacked it the 1st year, bought a 2nd the year after, and now on my third. One each year. If you have a condo as a primary residence, you may want to try tapping into a HELOC if money is your barrier to entry. Then, find your agent, start looking at properties, market research neighborhoods, run your cashflow analysis until you find your deal! Hope this was helpful :)

Welcome @Courtney Pierce!

Is there a reason you are looking for flippers?

Congratulations, @Trevor Jones!

The best thing to do is start taking ACTION! Start looking at properties in various neighborhoods to get a better understanding of the market. It took me about 6 months to figure out where I wanted to invest. Market research for rents, new developments, and actually check the neighborhood out yourself or know others who live in the area. Its the best way to learn. 

@Rene Smith make sure you have a PM knowledgeable with the area and section 8. I would almost recommend investing in a less risky area or your state given its your 1st time investing and you are not familiar with Chicago. 

Hi there, what type of  meetup are you trying to create? @Nicole Duran

Hi @PJ Kolnik. Hopefully these repairs last you awhile. You can also save on repairs through buying your own material. You could have most definitely bought a cheaper fridge, just be sure next time you take  measurements to ensure that what you get will fit. It's a bit more work to do the research on your own but you have to weigh the time v cost. Keep you capital reserves in a high-interest bearing savings account, too. 

@Debbie Weinberg based on the information you provided. YES. Hands-down. I would sell your place. Get the ball rolling soon and sell your property in perfect time for the Spring. 

Thanks @Erika Carter

@Debbie Weinberg it depends. do you know how much money you would profit? take into account closing costs for selling which can be a considerable amount depending on the purchase price of your home. do you need the money now? if not, may want to consider renting to see what type of appreciation you can get. recession may come soon so may take a hit not only in the house but also in rental prices, too.