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.
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: 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+
The foreclosures , the short sales, bank owned property (REO’s), auctions, homes for sale, homes for wholesale prices, discounted property , etc, etc, etc. So what should we do, I am talking to real estate investors , first time home buyers … To those not inclined to be involved in real estate investing , I respect your decision. Just expect that you will not gain the sizable rewards of those willing to go forward, take the risk, and assume the consequence of their actions. …
Foreclosed homes and HUD homes are listed on websites from where the buyers can also chose the location and type of home to buy. Chicago is a very popular city with many recreational, educational and cultural activities. … These properties are listed in real estate listings auctions and sell very quickly. The HUD homes put up for auction are priced very low and hence have many takers. They provide excellent investing option since mostly the prices quoted are less than …
