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All Forum Posts by: Kenneth Goldman

Kenneth Goldman has started 13 posts and replied 55 times.

Post: Chicago Meeting for Bigger Pockets Members?

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3

@George Foster,

I am interested in trying to help arrange a meeting. However, are they purposeful and what types of people show up such as it is a mix of investers, buyers, fix and flippers etc... Thanks

Post: How Does Fix and Flipper find First Deal (Chicago Market)

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3

@Larry Smet

Curious as to how you found your deals in the Chicago market. Thanks-Ken

Post: How Does Fix and Flipper find First Deal (Chicago Market)

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3
Originally posted by Larry Smet:
Hi Kenneth

You have to have a lot of persistence to succeed. I know A LOT of people that took at least 6 months to find their first deal (I heard the average for serious investors was 6 months). It took me 8 months. Having said that, as you make more connections and gain experience, you'll find it gets easier. It took me 12 months to find and complete my first rehab and flip. In the following 9 months I acquired 5 more properties and completed 2 more flips. 5 of the 6 in Chicago, by the way. It does get easier.

Keep plugging away!

Good luck

Larry

Larry,

Thank you for the response. Please tell me how you found your first deal and some of those that followed. It is helpful to hear individual stories. Thanks again. Ken

Post: How Does Fix and Flipper find First Deal (Chicago Market)

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3
Originally posted by Larry Smet:
Hi Kenneth

You have to have a lot of persistence to succeed. I know A LOT of people that took at least 6 months to find their first deal (I heard the average for serious investors was 6 months). It took me 8 months. Having said that, as you make more connections and gain experience, you'll find it gets easier. It took me 12 months to find and complete my first rehab and flip. In the following 9 months I acquired 5 more properties and completed 2 more flips. 5 of the 6 in Chicago, by the way. It does get easier.

Keep plugging away!

Good luck

Larry

Post: How Does Fix and Flipper find First Deal (Chicago Market)

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3

Brant,

Thank you for the advice. How do I find real estate investing clubs?

Post: Chicago Meeting for Bigger Pockets Members?

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3

George,

I am interested in trying to help arrange a meeting. However, are they purposeful and what types of people show up such as it is a mix of investers, buyers, fix and flippers etc... Thanks

Post: Chicago Meeting for Bigger Pockets Members?

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3

Has there ever been a meeting for Bigger Pockets Members in the Chicago area? Is this something that could be arranged? How do I go about making it happen if people are interested?

Post: How Does Fix and Flipper find First Deal (Chicago Market)

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3

I have been looking for that first deal for about 4 months and have been close but have not locked anything in. I lose focus based upon many methods of finding property yet nothing seems to work. I am amazed by how many fix and flippers are able to do hundreds of deals when it takes so long to find just one. I have been trying to locate wholesale deals through mailings and door knocking to looking at properties of other wholesalers and finally talking to real estate agents for any leads they may have. I am not having any success and am getting frustrated as to how I should focus my energies. I would be grateful for any guidance as to how fix and flippers develop their strategies and what can I do to develop mine.

Post: Private Money Lender Investment Structure

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3

I am approaching private money lenders for fix and flip deals on houses. What is the best way to structure their investment capital since I am not putting any money into the deal? What is a reasonable rate of return? What type of investment structure do I use?

Post: Getting my Real Estate License

Kenneth GoldmanPosted
  • Investor
  • Chicago, IL
  • Posts 57
  • Votes 3

Matthew,

I am getting my broker's license in Illinois. Interestingly, I was offered a chance to take over a brokerage business just by mentioning it to a friend. So far, and without even finishing the course yet, it has been nothing but a positive pursuit. I say go for it.