These tips fit almost any self-starting entrepreneur. If you are wholesaling real estate, you are an entrepreneur, whether you think so or not. As any sport or industry you are in, the only way to succeed is to have passion, discipline, and humility.
Chicago Wholesale Property – Roseland – Single Family Home
Chicago Wholesale Property – Calument Heights – Single Family Home
So you’re looking to invest in Chicago’s South and/or South West Side, eh? As a wholesaler, the south side is a typical place to start looking for deals, as many investors are currently buying out the foreclosures. Now before we continue let’s set up some parameters for when I say, “South Side”. I am specifically speaking of neighborhoods south of 55th, east of the Dan Ryan and Highway 57, west of the Skyway, and stopping before Calumet City
If you are just now getting into the profitable world of wholesaling, the internet is a tool you should become an expert in. The majority of buyers and investors are going online to find deals. There are so many websites, listing pages, and classified ad sites that its hard to tell which is best. It is always changing and will never be the same, but for now, I have compiled a list of sites and online tricks a wholesaler should be doing in order to find cash buyers for their real estate deals.
Know the Different Types of Buyers for Your Wholesale Real Estate Deals.
Here are my tips for anyone starting to wholesale real estate in Chicago
If you’re looking to get started in real estate investing, it is obvious that wholesaling will be the quickest, fastest way to learn and make money. Many people do not know where to begin in order to find property to wholesale, which is perfectly fine. Wherever you live, it does not matter where, you will always have properties you can wholesale. The trick is having the right marketing in place to help you while you get started.
AMAZING WHOLESALE DEAL IN ROLLING MEADOWS! 5 bedroom 2 bath home! 50K Est. Profit!
South Side Chicago Wholesale Deal: INVESTOR DREAM, Brick 2 Flat, 4 Bed 2 Bath! Est. Profit: 100K
**************NOT AN REO!*****************
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Wow, what an incredible deal! This is a true Wholesale Property that is guaranteed to CASH FLOW! Each unit will rent for $800
The building repairs are estimated at 15K, which is mostly cosmetic.
The Breakdown:
Asking: 42.9K
Repairs: 13-16K
ARV: 175K+
Rent: $1,600
Potential Yearly Income: 19K+
