All Forum Posts by: John Hamrin

Thank you all for the great advice. This will definitely be something I look back on when I’m ready to start working on financing. You all have given me things to research and wisdom that will help me succeed. I would like to make sure that everyone on this thread knows that I’m in no way trying to diminish the importance of the property. The property is very important. My stance is that I agree with Charles Roberts that getting really good at the financing will make you a very good investor. Thanks again everyone.

@Cynthia Cyakokaki here is the podcast I’m referring to. https://itunes.apple.com/us/podcast/biggerpockets-podcast-real-estate-investing-wealth/id594419649?mt=2&i=1000411075122

@Cynthia Cyakokaki you have the right to disagree but I didn’t mishear.

@Michael Lee thanks for input. So i understand correctly you’re saying that as long as the numbers make sense beforehand and I do my due diligence the terms are less important?

@Israel Torres thanks for the guidance. Will definitely reach out when the time comes.

I was listening to a BP podcast and the speaker (I think his name was Charles) was saying that if you want to be a good investor you should spend more time learning/figuring out the financing for the property over the property itself. I’m inclined to agree. What resources are out there to really learn what goes into the underwriting of financing? How do you determine if you’re getting good terms on your financing? About me: I am an aspiring real estate investor that would like to focus on fix and flips and long term buy and hold Multifamily properties. I work in construction doing residential remodeling. My goal is to use my knowledge to save money on my labor costs for the fix and flip strategy and then take the profits to fund more flips and or purchase multifamilies. Any advice on financing resources would be greatly appreciated. Thanks

Hello all,

This question is directed to those who have gotten their CAM, ARM, or CPM certifications for multi family property management, or employers who would have insight on the requirements for a property manager.

My question is do I need to have a property management job before I get the certification or will getting the certification help me get a property management job?

I am currently a leasing agent and would like to move into management. Will the certifications help me get a manager job or would it be better to wait until I have the position before getting the cert?

I am a leasing agent in Chicago for a company that owns and manages 31 buildings in the Gold Caost and Lakeview areas. 

Hello everyone,

My name is John. I've lived in Chicago for three years now and love being in this city. Real estate investing/entrepreneurship is something I am very interested in learning and becoming successful at. Not only is real estate investing one of the most established wealth building formats but it also gives me the opportunity to get my hands dirty and build something. 

My plan currently is to become a carpenter (take my entrance exam for apprenticeship next month) and get good at working on houses with the end goal being to flip house for large profits. I figure if I know how to do most of the work I can save money on the labor costs, and it's fulfilling for me to build things. During my apprenticeship I want to take advantage of wholesaling. My main goal throughout my real estate journey is to LEARN. I never want to stop learning and growing. 

I look forward to all the great things Bigger Pockets can offer and hopefully I can connect with many of you on this site.

Thanks!