Local chicago wholesaler makes $2,000 using our help! We also want to highlight 5 tips when looking at real estate investing opportunities in and around Chicago. Find out what specific type of house to avoid, the importance of basements, and other tips regarding our investing world!
Do we have a deal?! I mean, the property technically fits what investors and wholesalers want: Cheap, broken down, motivated sellers etc… BUT the damage is extensive and the property may or may not generate enough profit for it to be a deal. Look at the video and tell me whether this Chicago investment property is a deal or no!
We have had some rough experiences with many wholesalers in the last few months. Too many are missing the mark when it comes to pricing and actual KNOWLEDGE of our city. We receive emails everyday, or almost, about new deals throughout the city. Many of the properties we see are NOT wholesale deals!! The frustration from both our team and our cash buyers have led us to make this quick blog about what wholesalers need to know regarding this business, in this market.
Build your rental portfolio with this beauty! This is Single family home has 34 bedrooms 2 baths and sits in a quiet block in the South Suburb of Markham, IL. This house needs a full rehab job, for a rental the estimated costs are around 20-22K. Get this CHEAP! Cash Buyers only please!
Here are 5 tips that will help you get deals other investors do not know about. You can go on the MLS all you want, but the real deals are the unlisted, for sale by owner deals. Using these tips, you can get started right away and start getting calls!
Cash Flow Property – Englewood SFR – Section 8 Rented: $1,375! Frame Single Family Home Section 8 rented: $1,375 6300 S. Block of Aberdeen Asking: 40K Taxes $1,390 Repairs: 0 Est. Yearly Net: $12,720! Has small mortgage on it, monthly payments are $200. Tenants pay their own utilities. Completely rehabbed!
Already fully rehabbed and rented to section 8! Tenants are on yearly lease, paying $1225! Tenants also pay their own utilities! Cheap taxes and little to no maintenance. Get IMMEDIATE Cash on Cash return of 24%.
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!
Nowadays it seems as though there is too much information available for anyone in any particular field, at any given moment. Right now you can Google the words “real estate investing”, or “Chicago real estate investing”, and you will turn up thousands if not millions of pages with content. How can a investor keep up with so much information? Learning to navigate the waters and knowing what you want takes time, but can benefit your deals in the future. I have come across a few tools that may help filter the info overload.
A recent article in the Chicago Tribune states that less properties sold in 2010 than in 2009. Also, there was a decrease in price for properties that did sell. As investors, this is not necessarily bad news. We take this article and try to find positive points for Chicago investors, especially cash buyers.
