Great investment opportunity in Chicago’s West Side neighborhood. This North Lawndale property is NOT listed on the MLS, dose NOT need a full gut, and has 3 units with 3 bed 2 baths each.
Forget wholesale deals, this is a wholesale STEAL!
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
Learning how to spot a wholesale property is crucial for your success in wholesaling real estate. Anyone can buy a course and start looking at property. However, if you want to really building a successful system buying wholesale real estate, then you must know what to look for. Many of the most successful real estate investors can do this almost instantly. There are a few key giveaways that will help you find a deal.
Know the different styles of properties that are selling in Chicago. Know what makes them unique as well as how they compare to one another. This will help any wholesale or rehabbers in Chicago know how to better run their comps. Right now Chicago’s hottest flip areas are selling Bungalows, Ranches, Georgians, and Cape Cods.
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Once you have put up your advertising and marketing to attract motivated sellers for your wholesale business, you must know how to take a call and screen potential sellers. You should practice taking in leads at least 2-3 times a day until this becomes natural for you. You will want to make an interview sheet with a check list and space for the answers.
