Many wholesalers get into the game with great intentions but fail due to bad planning. My tips are to help people know and understand some vital components that go into a wholesaling business. From organizing your folders and joinging facebook groups, these tips come from what the top wholesalers in the industry teach others throughout their coaching or courses.
Chicago Wholesale Property – Greater Grand Crossing – 2 Flat
If you’re looking to find wholesale properties in Chicago, well take out a pen and pad and get ready for the golden nuggets. It’s obvious by now that wholesaling properties in Chicago is what my business is currently doing. Since we have learned the best ways to market deals to reach a wide audience, it’s a sure thing that by giving you these tips, you will be able to find more than just a few properties that are ready for wholesale.
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’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!
Chicago Wholesale Deal: Dirt Cheap 2 Flat! Asking 19.9K ARV: 205K
Check out this great investment deal! This cottage style home has 3 bedrooms and 3 baths with possible in-law arrangement. The basement is finished, only needs some touch-ups.
Check out this great 3 flat frame building in Logan Square! This building is a perfect investment for a buy and hold investor. Section 8 in this area pays up to 1200 for a 3 bedroom apartment. The top two floors have great hardwood floors and only need a buff and shine.
