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  1. C

    Capital for wholesaling?

    REAL ESTATE 
    I started wholesaling last year. It took me awhile to get going but I finally started doing some deals. I agree that you can sell most of your deals to a few reliable buyers over and over but I also think having a deep buyer's list can be advantageous. I've run into a couple of wholesalers...
  2. C

    Any Real Estate Investors in the Chicago area?

    REAL ESTATE 
    I have a single family property under contract in a prime location in the NW suburbs of Chicago. Looking for a buyer who can pay cash and close quickly. Please contact me for more details if interested. Thanks.
  3. C

    Wholesaling - My First Lead

    REAL ESTATE 
    @Determined2012 The deal that I wrote about here back in August ended up not working out. After several follow-up attempts, I never heard from the seller again which was pretty discouraging and honestly had me wondering if I even wanted to try anymore. In September and October, I did a lot of...
  4. C

    Wholesaling - My First Lead

    REAL ESTATE 
    @CashFlowDepot Thanks for the feedback. Having worked in sales for the past 11 years, I can relate to everything you said about building relationships and this being a people business. I'll definitely be more mindful of this when pursuing these deals. With that said, I may have left out some...
  5. C

    Wholesaling - My First Lead

    REAL ESTATE 
    Even if this experience was not a success I'd like to at least be able to learn from it and it leads to me to ask a couple of questions to those of you who have experience with wholesaling. I'm curious to know how often you are contacted by sellers who may seem motivated but come to find out...
  6. C

    Wholesaling - My First Lead

    REAL ESTATE 
    @BrittanyP & @RogerMay Thanks for the encouragement.
  7. C

    Wholesaling - My First Lead

    REAL ESTATE 
    @RogerMay In my original post I mention that the seller stated she previously had a bad experience with another group of investors so she wanted to communicate by email and didn't leave her phone number. Otherwise, I would have called her at the beginning. Her email to me was well-written and...
  8. C

    Wholesaling - My First Lead

    REAL ESTATE 
    Since the offer I sent wasn't even acknowledged by the seller, I decided to send a follow-up email yesterday to confirm receipt of the offer and reiterate our interest in purchasing the property. Again, nothing. The offer was written on Tuesday and expires today. If this seller is truly...
  9. C

    Wholesaling - My First Lead

    REAL ESTATE 
    Wanted to post a quick update about where things stand. On Tuesday afternoon I sent the seller a cash offer/contract that was for around 70% of the low-end of the range that my partner on the deal felt the property was worth. At this price, the seller's mortgage would be paid off and she would...
  10. C

    Wholesaling - My First Lead

    REAL ESTATE 
    While I had many of the same concerns that @CashFlowDepot raised about working with another investor, I decided not to spend anymore time trying to decide how I wanted to proceed and contacted a local investor who I met through another forum. I spent some time talking with him first and he made...
  11. C

    Kinda new from Chicago area

    INTRO 
    Thanks for the welcome @Determined2012 ! I look forward to hearing more about what others are working on and will continue to share what I'm doing.
  12. C

    Kinda new from Chicago area

    INTRO 
    @RogerMay Thanks for sharing some of your experiences with wholesaling. I look forward to hearing about what's next for you. I've posted about my first experience with wholesaling in the real estate investing forum and will continue to update.
  13. C

    Wholesaling - My First Lead

    REAL ESTATE 
    Thanks for all the input. There's an experienced investor in my area that's willing to guide me through this deal. His company will pay cash for the property or if the deal doesn't work for them, he said he has other cash investors lined up that can close quickly. Would you advise working...
  14. C

    Wholesaling - My First Lead

    REAL ESTATE 
    @Mike.B That makes a lot of sense. I reached out to a reputable local investor who primarily invests in buy and holds and also does some wholesaling. He's interested in working with me on this deal. I'm thinking that could be a good way to get my first deal in the books, learn some things along...
  15. C

    Wholesaling - My First Lead

    REAL ESTATE 
    I've been told by the investors that I've contacted so far that in order to evaluate a potential offer, I'll need more information from the seller regarding the lease agreement they have with their current tenant and will need to know how much rental income they have coming in. I've also asked...
  16. C

    Wholesaling - My First Lead

    REAL ESTATE 
    Hello. I've been reading the forum for awhile but haven't really been active. I decided to post a new member intro earlier today and now I wanted to post about what I've been working on. I became interested in wholesaling properties a few months ago after reading about it here. Since then I've...
  17. C

    Kinda new from Chicago area

    INTRO 
    @RogerMay Just curious why you decided to stop wholesaling? It sounds like you did really well in a short period of time.
  18. C

    Kinda new from Chicago area

    INTRO 
    Thanks for the info. I'm familiar with Sean Terry and have read his book as well. I've also enjoyed listening to his podcasts. I've had pretty good luck obtaining leads without paying to this point. It may not be the most efficient way but I've contacted various municipalities and been able to...
  19. C

    Kinda new from Chicago area

    INTRO 
    Interesting. I found quite a bit of information here on the forum initially. One of my starting points was reading the book by @CashFlowDepot that was posted here awhile ago. I found this to be an excellent resource for getting started and I still reference it a lot. Since then I've found...
  20. C

    Kinda new from Chicago area

    INTRO 
    Thanks @RogerMay . Are you still involved with real estate? Where do you do your investing/wholesaling?
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