All Forum Posts by: Matt DuSold

That helps alot! Both of the ideas are very helpful!

I have some more questions again I am new so any answer is helpful!

Is renting a house better than a condo, or does it not really matter income is income? And, is there a certain amount you should aim for of positive cash flow? Obviuosly the higher the better but I didn't know if a certain amount of positive cash flow should be met to cover repairs, etc. Thanks in advance!

Rental properties have always caught my eye as this is where I would like to go later on in my REI career. I do not have too much cash (more than the average college student but I am a college student) but do have perfect credit. I figure now until I am out of Grad school wholesalling is the way to go.

Obviously if I find that right property I will jump on it, but how do you find landlords selling? I don't think it would be smart for me to just buy a condo and start advertising to rent while paying off the mortgage. I know that there are landlords selling out there I just don't know where to look I guess. Any help I could get on this I would really appreciate it. Also, if there would be a better way for a new REI to go about this feel free to share! I am new and I won't be hurt to be told I am wrong. Everything helps, THANKS!

Thanks for the post 4rmgt!

I am pretty set on taking both of your ideas and bringing them together. I think I will try to build my list for a little, while I try to refer as many of them as I can. This way I will be able to keep a tab on them while they will know I am still active, and I can hopefully be bringing money in also.

Hopefully I will be meeting you back at home!

Thanks for the quick helpful post Jason. I have learned a lot just by reading your posts.

Just a few questions about referring. I know I just find homes and pass them on, but how do you get paid? Do you need to make a seperate contract with the buyer? Also how much money would I make doing this? It is not my main concern I just wouldn't know what to ask for.

Lastly I'm assuming I would still be able to do this with homes that are up home(Chicago) and doing it form down at school (Mizzou) as long as I was still able to find homes correct?

Thanks to anybody who responds you all have been a great help.

Wholesale Newby here. After reading the site non-stop for a while now I have come up with a game plan and was going to see what you guys thought. Any feedback would be great!

I was going to spend my summer (going into my sr. year in college) going to REI meetings in the greater Chicago area to spread my name. I will be offering tons of business cards to anyone that may seem slightly into me. I will also be trying to develop a website in hopes the more information out there the more people will come along.

After building my list durring the school year and learning more, I will then start looking for the real deals and trying to get some money.

Does this sound like a good way to go about things? I am fairly new and want to take as many correct steps as possible. Thanks guys!

Can someone let me know if I am understanding this correctly, sorry I am very new to this concept. When wholesaling you want to find homes and get them under contract (unless you can already pass them off). If they are under contract you want to get them passed off before you close on the deal?

Am I understanding this whole concept correctly? Sorry I am very new and intrested in starting RE after I graduate in a year so I am trying to learn everything I can. And one last question if someone could help me out with. If you were to get yourself into a house and cannot sell it right away it isn't unheard of to do a quick flip/rehab on it right away correct?

Thanks for all the help in advance, I have already learned a ton on this site!

Where are you at in Chicago? I am also from Chicago(on the north northwest side) but am going to be finishing school next year. I won't be investing until I am done but just curious.

Hey guys, and girls. Im new to the site but have been reading for a while. I am picking it up that many feel it is best to read to gain knowledge... makes sense. I was wondering what books you all found most useful.

I am very in to flipping homes but am also open to other types of real estate investing. I am just now going on 21 and am still in college so I want to take my senior year to really learn some ins and outs as well as I can with out actually doing the work. I am going to graduate school and would like to be very successful in the business by the time im done in grad. Thanks for the help in advance guys!