All Forum Posts by: Joshua Aceret

 Dan, 

Thank you for that! It seems the people I run into and have thoughts like the one I shared tend to not be flippers nor wholesalers. 

So through PPC and direct mail, you are able to generate enough leads to fill your pipeline? Do you have a website that brings those PPC ads?

Understand it will be different for my market but I am interested to learn what successful flippers are doing to generate enough pipeline. 

I think for the time being we are okay with the direction we are going, MLS, Wholesalers, etc. but know when we start ramping more that will be an area I have to focus more time, effort and money on.

 Heaton, 

Thank you for that insight! I think this will be a road I eventually will go down but my main focus right now is on getting the processes in place to be able to flip consistently. There is so much noise all of the time though so it is difficult to know what direction to go sometimes. 

Hi All, 

My brother and I recently acquired a home and are currently rehabbing it to flip. We would like this to become our full-time business in the near future. As I think about the acquisition process the greatest threat to our business is a lack in top of funnel activity. Most of the individuals I have spoken with say the flippers they know/work with are also wholesalers, find their own deals, keep the ones they want, and assign the rest. My issue is I have very little knowledge of wholesaling and it seems like that is a whole different monster to try and take down while we work on getting the flipping side of things up and running. My question is, how many full-time flippers are also wholesaling? Is finding your own off-market deals part of a successful business strategy? Are there full-time flippers who source none of their own deals and leverage wholesalers, MLS, etc.?

Your thoughts and guidance is appreciated! 

@Nathan G. If it's on her personal FB page I wouldn't even both responding. Just going to lead to her or others responding to you and dragging it out. Let the thread die and drift of into the internet abyss.

@Alex Bok Thanks for the info! Would love to talk to you and pick your brain. I'll shoot you an email real quick see if we can set something up. 

@Ted Kuhlmann Thanks for the advice. I will reach out to someone from the area and see if they can shed some light for me. 

Hello All, 

I am just starting out in the real estate game and am eager to purchase my first buy and hold, ideally a duplex. Currently I do not have a great deal of money to start off so I am looking to buy something cheap put a little sweat equity into it and start renting it out. My biggest issue is, I live in Chicago! It seems like everywhere I turn housing prices are far beyond what I can afford. Because of this I have turned my eyes to some less desirable neighborhood but am extremely hesitant to pull the trigger as I know very little about these areas. Primarily I have been looking at the Roseland, Rosemore, Pullman and West Pullman areas. I have found quite a few houses in the areas which I would be able to afford and after running some conservative analysis I believe the properties could cash flow. However, I have no idea what the market is like down there. My reservation is that the rental would sit on the market or I would have to drop the price below an acceptable number. Is there anyone who has experience working in areas similar to these or even these ares specifically? I would love to hear anything anyone has to offer about rentals in not the best of neighborhood. Thanks, Josh

@Dmitriy Fomichenko Thank you for tip, that is not something I had ever thought/heard of before so I will definitely do a little more research as I think that would be a good option for me. I will most ceritanly start looking into some of the other posts, probably should have started there in the first place.  

Hi Everyone, 

I am just starting out in the real estate investing game, by just starting out I mean still putting together funds, and I have a question regarding Self Directed IRAs being used under an LLC. I would like to roll a couple of 401Ks that I currently have from previous employers into a self directed IRA and use those funds to buy and rent out a property to generate some cash flow. From what I have gathered creating an LLC and purchasing the property under the LLC is the best way to go, could be wrong open to other ideas, to limit the liability I hold with the rental property. What I am unsure of is, if I am using funds from my IRA is that going to "pierce the corporate vial" rendering the LLC pointless. Also how would this then work with income generated, from a tax perspective, meaning, the gains are earned by the LLC but needing to be put back into the IRA I would assume. Any tips or comments are more than welcome. I am eager to learn and want to make sure I am well educated with a solid plan before purchasing my first property. -Thanks, Josh