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Updated over 12 years ago on .

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2,188
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Wendell De Guzman
  • Investor
  • Chicago, IL
1,912
Votes |
2,188
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The Problem with Selling Houses "Too Quickly"

Wendell De Guzman
  • Investor
  • Chicago, IL
Posted

I am a wholesaler and private lender at the same time. I know it's a weird combination but unlike other wholesalers, I am willing to provide financing for my wholesale deals.

This forces me to provide awesome deals that I am willing to risk my own money on. (If the property is 20 minutes from me, I will also rehab it!)

Because of this, I sell houses quickly.

BUT, the problem is I am running LOW in inventory. One of my buyers is angry for losing out on an awesome deal in Crete (house is worth $120K, and I sold it for $55K!)

If you are a wholesaler in the Chicago area and you're willing to leave money on the table for your buyers (meaning, you actually provide GOOD deals), email me your wholesale deals at [email protected].

I will do my due diligence on these deals. If they are GOOD, I will wholesale them for you and we'll do a profit-split. Heck, I might even sell them with my financing - making it an even better deal.

If they are NOT good deals, I will educate you on why they are not good deals at all. In this way, you will learn and maybe change your ways so you don't give wholesalers a bad name.

I need properties in the following areas:

1) Flossmoor

2) Homewod

3) Crete

4) Steger

5) everything in DuPage county (Downers Grove, Lisle, Naperville, etc.)

6) Joliet

7) Plainfield

8) Bolingbrook

9) Romeoville

10) Chicago Southside - provided it's at least 2-UNITS (no houses please?) and they have to be under $20K

11) Oak Lawn

12) Chicago Westside - but under $10K and house has to be brick

A wholesale deal is a GOOD deal if...

1) We can acquire it for generally 50% of market value or even less

2) It's not on the MLS (we need to provide awesome deals that rehabbers cannot get anywhere else)

3) We wholesalers, will make $5-$10K on it but our rehabber-buyer will make at least $30K profit (DO NOT BE GREEDY AND THE MONEY FOLLOWS!)

TEXT me if you're NOT a greedy wholesaler, you have a wholesale deal in any of the areas I mentioned above and you have a GOOD deal. Here's my number: 714-270-6438