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All Forum Posts by: Scot Howat

Scot Howat has started 15 posts and replied 416 times.

Post: Chicago House Hackers Meetup

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

What about a reverse house hack?  Would that still qualify....

Post: Where the hell do I start

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

How far away are you from Arlington Heights?  

Post: Newbie sacramento need help

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

BRRR's are hard to do. I did it on a single family property last year. I can tell you what you need to do, but it's not easy to pull off in my market (Chicago). Just a fair warning.

Post: New to BiggerPockets

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

There's a Cashflow Game night in Lombard on the 3rd Thursday of the month at McDonald's.

CAREIA.org for the details

There's a lot of people to meet there.  It's a good place to start and learn for free

Post: New to BiggerPockets

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

Welcome to BP!

Post: Looking to network with local investors

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

Welcome. Come out to a REI meeting this coming Monday in Lisle. I'll be there if you want to meet some active investors.

CAREIA.org for details (it's a non profit organization).

Post: Real Estate Investor and Real Estate Agent. Best balance.

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

Yes.  I'm working towards getting 80% of my income from investments, and 20% from activities as a realtor.  The agent/investor is hard to come by.  I heard that 40% of agents don't own ANY property (including their primary residence).  If I'm successful at investing then it should be pretty easy to sell a client a rental property just like I would buy.  

Post: Newbie from Naperville/ St. Charles, IL

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

Welcome.  There's a free networking event tomorrow night at Portillo's on Butterfield Rd in Downers Grove at 7pm in the back room.  You should go.

I'm a full time real estate investor and realtor.  You'll learn a ton from people doing deals in our market, and it's pretty relaxed and fun.  Hopefully we'll see you there.

CAREIA.org

Post: 1st flip completed 2nd and 3rd under renovations!

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

Looks great.  What market is this in?

Post: Underwriting conditions on a flip...ugh.

Scot HowatPosted
  • Investor
  • Hoffman Estates, IL
  • Posts 434
  • Votes 185

That's how it goes.  Find another buyer, or have them get another lender.