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All Forum Posts by: Trevon Peracca

Trevon Peracca has started 72 posts and replied 230 times.

Post: New Member in San Antonio

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

Welcome to Bigger Pockets!

Post: Websites to assist my first deal

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102
Originally posted by @Shawn Munoz:

Hey, any suggested websites that investors go to so they can find some of these deal i read about? I know i won't find houses for wholesale deals on trulia or realtor. any help? Thank you guys

 What kind of deals are you looking for? Wholesale, FixNFlip or buy and hold?

Post: Multifamily passive investing

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102
Originally posted by @Don Scott:

What are your thoughts on investing as a passive in Multifamily?

 I think its Great! It also, depends on how passive. Are you holding a note, overseeing a PM? Please elaborate.

Post: Franchisable Business Model

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

Does anyone care to share a business model that they have proven to be effective? I am in the process of creating a system that can that allow anybody to step into a role and operate my business. 

I am looking to implement successful strategies from other investors who are willing to share. 

All participation is welcome!

Post: Searching for financing on turn-key multifamily 5+

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

Searching for financing on turn-key multifamily 5+ in Chicago Western suburbs. Please contact me for details or recommendations.

Post: Acquisitions Specialist/Partner (Chicago West Suburbs)

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

Good afternoon, 

I am looking to hire/partner with someone that has the time available , and experience or willingness to learn. I need an Acquisitions Specialist/Partner/Manager, that can give me their availability on a calendar, attend appointments that my receptionists book for you based on your availability, estimate rehab costs for the property. 

If we are going the partnership route, I would need you be experienced or willing to learn effective communication and consulting. This includes building rapport, listening with a purpose, exploring priority needs and motivators, aligning the features and benefits of our business to the sellers needs and motivators, and gaining and maintaining the sellers commitment.

Like I mentioned, it isn't necessary to proficient in effective communication and consulting right away, as long as you have willingness to learn and apply it in action.

I looking for someone with passion and integrity. 

Please contact me if interested.

Post: LLC/S-Corp/C-Corp PROS & CONS

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102
Originally posted by @Pouyan Broukhim:

you should talk to an accountant regarding which plans best fits you.  

From my understand is that if you are running a business you should have a s corporation but if you are simply maintaining properties that llc is a much better option.

 I plan to. The issue i am having is, I plan to scale my business. This year I plan to close a 5-8 wholesale deals , but also hold 1-2 properties. Next year i plan to wholesale 10-15 wholesale deals and hold 4-5 properties. 

Does anyone in the Chicagoland area work with any good CPAs?

Post: 15% Net Cap Rate 6-unit in Chicago Land - $34,186 Net Cash Flow!

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

How soon do you need this off your hands?

Post: The Legality of Wholesaling

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

The people that want to make it happen are going to legally. 

If you feel wholesaling is illegal then don't do it. Also, don't buy a screaming good deal when a wholesaler approaches you with one.

Bottom line is there are the black and white areas, and there are the GREY AREAS. I promise, no one who has 9-10 figure type of wealth stuck to black and white. The money is in the arenas no one wants to play in. 

Post: LLC/S-Corp/C-Corp PROS & CONS

Trevon PeraccaPosted
  • Wholesaler
  • Chicago, IL
  • Posts 245
  • Votes 102
Originally posted by @Logan Allec:

In a nutshell, for the small-time investor, use LLCs for buy-and-holds, S corps for flipping if you have enough activity, and stay away from C corps.

I am kinda stuck between LLC and S-Corp. My main business is wholesale deals, i may buy and hold 1-2 multifamliy properties but not sure.

I experience with the tax benefits of each?