Wholesale Property – Chicago – Burnside Asking: $17,000 NOT AVAILABLE
Wholesale Investment Property – Chicago – Burnside Chicago SFR 1000 Square Feet Taxes: $2,800 Section 8 Rent: (3 bed) $1,000 Est. Cash Flow: $600 9200 S. Woodlawn Asking: $17,000
Wholesale Investment Property – Chicago – Burnside Chicago SFR 1000 Square Feet Taxes: $2,800 Section 8 Rent: (3 bed) $1,000 Est. Cash Flow: $600 9200 S. Woodlawn Asking: $17,000
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.
If you are a wholesaler or working with one, or just researching this niche in real estate [chicago wholesale property] for yourself, you will come across many uninformed individuals who will tell you that having a realtors license is needed to wholesale. These people are wrong and misinformed. They just don’t want you to promote yourself as a real estate advisor or consultant unless your licensed, which is what they are trying to tell you. Just remember this, as a wholesaler you are acting as a buyer and any contract is assignable to another person. Simple as that.
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.
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+
This multi-family home is a must have for any investor looking for a property to fix n hold. Located between Belmont and Cragin neighborhoods in Hansen Park, this property is surrounded by an elementary school and Prosser High School.
This investment property has a total of 4 units plus 2 in-laws. Each unit has 2 bedrooms and 1 bath. Rent in the area run $850-$950. It is possible to make $60,000 in one year on rent!