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All Forum Posts by: Trevon Peracca

Trevon Peracca has started 72 posts and replied 230 times.

Post: Real Estate Attorneys in Chicago or Chicagoland area?

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102

Does any one have good recommendations for Real Estate Attorneys in Chicago area?

Post: Real Estate Attorneys in Chicago or Chicagoland area?

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102

Does any one have good recommendations for Real Estate Attorneys in Chicago area?

Post: new real estate wholesaler

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102

@David H. I am looking for someone in Chicago as well, any suggestions?

Post: 10 WAYS TO BUY AN INVESTMENT PROPERTY WITH NO MONEY DOWN

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102
Originally posted by @John Stevenson:
Originally posted by Aaron Mazzrillo:
My favorite way is to buy at 50% or below of ARV, borrow 60% from a private lender, use the extra cash to rehab the property and pocket the rest.. Tax free, because you don't pay taxes on borrowed money.

This is a great strategy here. Lender's love it because of the high equity position. It also works well for the investor because it leaves cash on hand. The low ARV makes for an almost guaranteed high yield when the property is flipped. The only challenge is finding the properties.

 Could you please elaborate on this, in simple terms? I am new to the investing world , and I don't understand this process you mentioned. 

Post: 1st Home purchase

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102

I am closing on my first single-family home on September 18th. I've never purchased a property before, so I'm looking for some advice on questions to ask to my realtor, and my lender. I want to make sure I'm not getting into anything fishy. So if there are questions I can ask to make things easier or something like that might not necessarily be disclosed to me I would greatly appreciate the input.!

My overall in state goal is to be a real estate investor, I think I could leverage this house as a jump start to a real estate investing career. I want to know the tips and tricks on how to develop the most equity possible. I've heard that you can get 4% of your home's appraised value for home improvements. I've heard you can raise your interest rate to get $5000 toward your principal balance, and refinance every 6 months with the VA loan. I've heard you can get grants for first time home buyers from the HUD. I have also heard you can get first time buyer rebates or military rebates.

If anybody can help answer any of these questions or provide some general knowledge for a first time home buyer who is seeking to be an investor, I would absolutely appreciate it. Please send me a private message if you'd like to call me on the phone.

Post: Closing on my 1st home purchase

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102

I am closing on my first single-family home on September 18th. I've never purchased a property before, so I'm looking for some advice on questions to ask to my realtor, and my lender. I want to make sure I'm not getting into anything fishy. So if there are questions I can ask to make things easier or something like that might not necessarily be disclosed to me I would greatly appreciate the input.!

My overall in state goal is to be a real estate investor, I think I could leverage this house as a jump start to a real estate investing career. I want to know the tips and tricks on how to develop the most equity possible. I've heard that you can get 4% of your home's appraised value for home improvements. I've heard you can raise your interest rate to get $5000 toward your principal balance, and refinance every 6 months with the VA loan. I've heard you can get grants for first time home buyers from the HUD. I have also heard you can get first time buyer rebates or military rebates.

If anybody can help answer any of these questions or provide some general knowledge for a first time home buyer who is seeking to be an investor, I would absolutely appreciate it. Please send me a private message if you'd like to call me on the phone.

Post: 1st Home purchase

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102

Good afternoon all! 

I am in search for advice/ an investing mentor. 

I am currently serving active duty in the United States Marine Corps, and have been relocated to Chicago. 

My wife and I are trying to find and close on a house before mid October; my question is what should I do know when applying for my mortgage loan and what questions should I be asking to the agency.. I have currently been pre qualified through Veterans United home loans for 250,000.

 I understand the process of obtaining a loan and buying the home, but I do not want to be blindsided by something I do not yet know about. 

Also, if there's anybody out there that is familiar with the Chicago real estate market I would love to meet with you to kind of get an idea of what I'm getting into.

Post: 1st Home purchase

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102

Good afternoon all! 

I am in search for advice/ an investing mentor. 

I am currently serving active duty in the United States Marine Corps, and have been relocated to Chicago. 

My wife and I are trying to find and close on a house before mid October; my question is what should I do know when applying for my mortgage loan and what questions should I be asking to the agency.. I have currently been pre qualified through Veterans United home loans for 250,000.

 I understand the process of obtaining a loan and buying the home, but I do not want to be blindsided by something I do not yet know about. 

Also, if there's anybody out there that is familiar with the Chicago real estate market I would love to meet with you to kind of get an idea of what I'm getting into.

Post: Looking to begin investing in Chicago area

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102

Good evening everyone,

I am Trevon Peracca, I am currently an active-duty United States Marine in Chicago. I have been in for just over 4 years, and have about 3 and a half years left on contract. During these next 3 and a half years I would like to set my family and i up to earn at least 100k per year by the end of my contract. Additionally, with these goals in mind i currently have 5-10 (possibly more on some occasions) hours per week to dedicate to this business. As my income increases, my availability will as well. My overall goal is to earn a at least a 100k income, with 10-20/ week.

Obviously this will not happen overnight. So here i am, seeking guidance and mentoring from those who have gone before me.

Where do i start???

V/R

Trevon S. Percca

Post: Looking to begin investing in Chicago area

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102

Good evening everyone,

I am Trevon Peracca, I am currently an active-duty United States Marine in Chicago. I have been in for just over 4 years, and have about 3 and a half years left on contract. During these next 3 and a half years I would like to set my family and i up to earn at least 100k per year by the end of my contract. Additionally, with these goals in mind i currently have 5-10 (possibly more on some occasions) hours per week to dedicate to this business. As my income increases, my availability will as well. My overall goal is to earn a at least a 100k income, with 10-20/ week.

Obviously this will not happen overnight. So here i am, seeking guidance and mentoring from those who have gone before me. 

Where do i start???

V/R

Trevon S. Percca