I get asked, “what do you need when you are looking at investment properties to wholesale?” And the answer is simple, a lot of tools! Having a sign is not enough, you will need signs, drills, flashlights and more. Check out the video we made when going out to properties in Chicago on what tools we take with us regularly.
Mistakes Made by Chicago Real Estate Wholesalers. Here are 21 well thought out tips and common mistakes that many wholesalers should take into account. Real Estate investing and wholesaling in Chicago can be very profitable, but many fail to understand how to spot a deal, know numbers, estimate repairs and so on. Here is our list.
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!
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.
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!
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.
We have worked with Chicago’s top real estate investors, realtors, and wholesalers in the last few years. We have seen people come and go as you could expect in such a unstable market. Fortunately, we have seen what has made other successful and other investors fail. Whether you are a wholesaler or investor looking to get into the Chicago market, there are rules that will help you get started in the right direction which we will share exclusively with you. Below we have complied five tips that can help you tame the beast that is Chicago real estate investing!
The price drop on properties along with the foreclosure inventory are making this the perfect storm for real estate investors new and old. If the rumors are true and there are another few hundred thousand homes YET to be released as REO’s by the banks, then there is still time to get in the game while its near rock bottom! It is going to take investors for this thing to move forward and those who do will earn great wealth.
Investing in real estate can get confusing for many people who are starting out. There is so much information as to where to start and what to do, that it can lead to action freeze. We have found the 5 benefits of working with private seller deals as opposed to bank owned reos. There is an argument for both strategies and either one can make you a lot of money!
