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Chicago Investment Property

The Two Types of Motivated Sellers All Wholesalers Should Find

When wholesaling real estate, you must know who you’re targeting. While it is obvious that you must always be targeting sellers and buyers, what most guru’s do not stress is what type of buyers or specific sellers. If you think that you can put up a few advertisements alongside the road and in the grocery store and get a 20K deal, you’re wasting your time. Having a schedule for sending mail pieces and posting advertisements is critical to your success. You should have a laser-like focus on finding motivated sellers. The following are just two specific groups of sellers you should market too; in fact, these are the only ones you should market to for great deals.

South Side Chicago Wholesale Deal:PRICE REDUCED TO 42.9K HUGE PROFIT POTENTIAL! 4 Bed 2 Bath!

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+

Chicago Wholesale Deal: Belmont Cragin 4 Legal, + 2 In laws In Attic.

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 in West Humboldt! Asking: 39.9K ARV: 260K+

This is a gem! Previous owner had it tuck-pointed, installed a new porch, and installed air ducts with vents still in place! The second floor is a 3:1 with the kitchen, bathroom, and floor needing most of the work. The 2nd floor needs a bit more dryway on the cielings, and the ktichen and bathroom also need to be redone. This investment sports an unfinished basement.The basement has water heaters in tact, as well as the new forced are system. This beauty has a newly built fence around the sides, but needs a new fence in the back yard, and the front. We estimate the repairs around 45k.

Chicago Real Estate Owners: How to Effectively Use Craigslist for Tenants

If you are a landlord, one of your biggest issues can be high turnover and vacancies. Many investors are great at buying buildings, fixing them up and putting up “for rent” signs but they are not great at marketing the units. What good does it do to have a beautiful building but nobody in them? It’s pointless! For a while now I have been helping investors and property management companies with their marketing in order to find tenants faster, and ensure that they are low risk.