All Forum Posts by: Patrick Aloisio

Hi all,

I have some successful experience with Buy & Holds, but I wanted to start trying out Fix and Flips. Specifically flipping in Chicago and the surrounding suburbs.

Does anyone know of any good/quality services to buy leads for motivated sellers, or buy deals from wholesalers? I'm familiar with getting leads from direct mail and other advertising techniques, but I figured buying leads/deals could be easiest.

Any input is appreciated. Thanks!

Hi all,

I have some successful experience with Buy & Holds, but I wanted to start trying out Fix and Flips. Specifically flipping in Chicago and the surrounding suburbs. 

Does anyone know of any good/quality services to buy leads for motivated sellers, or buy deals from wholesalers? I'm familiar with getting leads from direct mail and other advertising techniques, but I figured buying leads/deals could be easiest. 

Any input is appreciated. Thanks!

@Ryan St. Clair Hey Ryan, I think house hacking is a great idea. I've done it twice myself now in Chicago. Those 3 areas you named are great areas in general, but realistically I think are hard to house hack successfully since the prices are through the roof. I did both of mine in Jefferson Park, which is further out from downtown. But even there, deals are getting hard to come by. The interest rates and low supply are creating a crazy sellers market. Hopefully this helps, and if you want to discuss more feel free to connect and send me a message.

Sincerely,

Patrick

Hi @Tony S can you elaborate on the argument against security deposits? Thanks.

Originally posted by @Tony S.:

In the winter good luck my friend !

Don't ever take security deposits in Chicago .  Use the 2019 CAR lease  and read it carefully .  But  yes it's Major tenant friendly and that's how the run this over taxed City 

Hello all,

My name is Patrick, and I'm from Chicago. I graduated from college in 2016 and went the entrepreneurial route by starting my own company. I still run it today, but my parents who are both realtors advised me to get my license on the side. So I passed the test several months ago and now have my license, yet I was never very interested by real estate. But once a friend told me about Bigger Pockets, I instantly became hooked. I've listened to almost 100 podcasts in about two months. 

What excites me the most is multi-family, BRRRR strategy, and any sort of creative financing to make a deal work. I can listen to a ton of podcasts, and read many books on the topic, but it's still not quite the same as talking to someone who has actually done it. I would love to connect with anyone who can give me advice or their thoughts on the best way for an ambitious 25 year old to get started. (Especially if it can be specific to the Chicago area market). Feel free to comment on this post with your thoughts, or if you're in the area I am happy to meet for lunch. Thanks for your help!

Sincerely,

Patrick