All Forum Posts by: Scot Howat

Come to CAREIA.org (Chicago Area Real Estate Investors Assoc).  It's a non profit real estate group that meets in Lisle.  They've got a Cashflow 101 Game tonight (by Robert Kiyosaki).

Or you can call me anytime.  I meet with newbies often. 

Meeting @Joe Fairless was pretty cool.  I was a total nerd and had him sign my copies of "Best Real Estate Investing Advice Ever VOL 1 & 2" books.  

excellent speakers, a great event. Definitely worth going to. 

My goal is to be on stage speaking there next year. 

I'm selling a flip in the south suburbs right now (I'm literally at the closing table). 

Having your dad as a GC is a good start, but it's only 1 of the 4 phases you need.

Make sure you figure out:  how to find deals, how to fund deals, and how to sell them.

Congrats!  Go buy another one

Find a local mentor to help.

You'll make mistakes no matter what.  So I agree, it's probably best not to put too much of your capital into your first deal.  Make your mistakes, learn from it, then buy another one.

Go to a bunch of real estate groups, and the networking events in particular.  There's usually a handful of agents there.  Make sure to find the ones that actually own rental property (not the accidental landlord either).  

I just found out that there's a secondary market for hard money fix & flip loans.  That's scary!   It's a sign of the times...

FInding people that want to rent a property is easy.

Knowing how to screen tenants is a skill.  Hire a realtor who specializes in investment properties.  It's worth every penny.

Come met me and several other hardcore investors.

CAREIA.org

We have a meeting Monday night at the 7pm Hyatt in Lisle