All Forum Posts by: Shelly F.

@Jay Hinrichs this is BRILLIANT!! I love your heart for making a difference AND spreading your vast knowledge!! :)

THANKS @John Leavelle! I am really NEW here, and this is helpful!

1. SFR

2. No idea, ideally I'd like to use hard/private money to BRRR, or maybe even seller finance if they'd be open to it?

3. Good point...lol, no would have the tenant pay utilities...I will re-work my numbers!

4. It's an old home, in a more rural, economically depressed area. The owner's brother is living there now and she's ready to get rid of it.

5. & 6. OK I will re-do my numbers.

7. The ARV is pretty accurate....I haven't gone to see the property yet, just trying to decide if it has the potential to be worth it...

Thank you John, happy to hear any other insight you can think of after these responses. I'm tempted to find a partner and take a back seat for the benefit of the learning on these first few deals...good idea??? :)

Sorry, I feel like I may be too conservative in my calculations since I'm brand new!! I want to be conservative but don't want to miss a deal because I'm doing it wrong...please help????

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*This link comes directly from our calculators, based on information input by the member who posted.

Thanks @Bob Floss II, appreciate you reaching out and YES I will definitely be in touch!

I'm just jumping into this thread, what are your thoughts on Cicero near Morton East High School? I might have an off market deal coming up in the next month or two and since I'm NEW, would love to hear your thoughts?

Hey @Gina Smith, thanks for reaching out and YES we have to connect! :) Love to hear about what you've been able to make happen so far and hear about your successes and challenges! Great job getting your license too, let me know if there's any way I can help! :)

Thanks @Zack Karp, I look forward to the opportunity to (finally) work with you! :)

Thanks @Peter J Turner, all the best in your investing journey! And I guess I've listened to too many podcasts??? LOL, most definitely!! :)

My name is Shelly and I'm on my "re-start" so wanted to introduce myself here! :)

I have been lurking and learning on BP for awhile now, but am FINALLY ready to take action and jump into my first deal! I work a FT sales job (travel to the west coast often for work), got my IL RE license last summer, and want to buy my first investment property in the NW suburbs of Chicago SOON. I have a couple of potential off-market deals coming my way, and want to partner with an experienced local investor for every step of the process...help with analyzing the deals, as well as the rehab. I'm happy to share the opportunity so I can learn from someone who's "been there, done that", and I know that this will be the first of many deals we can work on together! Long term goal is single family buy & hold, and ultimately small multi-family buy & hold all in the NW suburbs (Woodstock, Crystal Lake, Algonquin, Huntley, etc), and to replace my FT income in the next 2 years. I've been timid in my "not knowing" and I know it's held me back from moving forward sooner...but right now it's "now or never" since I'm not getting any younger! I've learned SO MUCH from the BP forums, community, podcasts and meet ups and can't wait to dive in!!

I look forward to networking, connecting and making deals with my BP community, and look forward to connecting with you! :)