Worst Seller Ever Part II
By now you can tell this is my story on how a fantastic and simple wholesale deal turned highly dangerous. Joe had previously agreed and signed documents so he did not have to attend the closing, a smart move by the lawyer.
By now you can tell this is my story on how a fantastic and simple wholesale deal turned highly dangerous. Joe had previously agreed and signed documents so he did not have to attend the closing, a smart move by the lawyer.
This story can finally go online because it’s been about a year since this deal went down and I am no longer being stalked, yes stalked. You see, it all started around March or April of 2010. My buddy and I decided to join forces and do a probate campaign. We got our leads, made the cards and sent them out.
Now a days, it feels like everyone is buying up property and claiming to be an ‘investor”. Trust us when we say, it aint easy! Too many times we have wholesaled properties from investors who bought their first properties and found themselves in bad situations. Purchasing investment property is easy…. on paper! Luckily, ChicagoCashFlowProperties.com has …
Since the crash of 2008, its obvious the real estate market has not been the same. When I got started wholesaling, all I would hear about was how much money random wholesalers were making during the boom, I’m talking MILLIONS! Since then, however, many wholesalers have failed to do just 1 deal, if that.
A few months back I created a video, “My first Wholesale Deal”, and described my efforts starting out as a wholesaler. The video apparently has gotten a great number of views and comments! I would like to help others understand what it takes to get a property under their belt. Many newbies in wholesaling forget that its a tough economy and you have to hustle harder than ever.
This past weekend the U.S. Women’s team defeated their rival Brazil in a heroic win. The game serves as a metaphor for how we can succeed in this market. I was inspired and hope to inspire you in case you missed the game!
Even with the stigma of being one of Chicago’s most crime ridden neighborhoods, Englewood has proven to be a neighborhood many investors are looking at helping to turn around.
While the news likes to focus on the negatives, we see the opportunity. There is so much opportunity that USA Today had to write a report on it. Its no surprise though, if you were going to seinars and events back in 2008, 2009, you heard everyone saying this would happen, and guess what, IT IS!
There have been reports that the month of May was worse than April for Chicago Real Estate. The number of foreclosure fillings went up, and there is an estimated 9 month foreclosure inventory. What do investors think of this news? Good? Bad? We let you know our thoughts in this video blog.
I wanted to write a blog and talk about some of the things I learned when I did my first real estate deal. As you know, I was able to find another investor, sell myself, and get a few properties to market for him. From beginning to end, it took us over more than a month to take a foreclosure and wholesale it for 10K. Reflecting on that very special moment, here are my 5 lessons learned that would be helpful for anyone getting started.