Flipping 2-4 Units Multi's to Investors

8 Replies

I am looking to rehab 2-4 unit multi-families around Chicago. I would be flipping them to investors. The problem is most investors for these types of properties are out of state and if I use the MLS would I have trouble finding buyers?

If not the MLS anyone have advice on how I could find end buyers? Are there agents out there who can set you up with investors on the national level?

Thanks!

loopnet

@Neil S. - Depends on the area. I know more than a few investors looking to buy rehabbed on the North Side so they can get a OO FHA loan. The South Side already has some TK players who are moving inventory but not as fast as you would think

Medium second city real estate logo   white close upBrie Schmidt, Second City Real Estate | [email protected] | http://www.SecondCity-RE.com | IL Agent # 471.018287, WI Agent # 57846-90 | Podcast Guest on Show #132

Neil,

I would say Bigger Pockets would be a great place to find buyers.. I am looking for a 2-4 unit in Chicagoland area myself as a first investment and would be interested in seeing what kind of flips you're doing. 

I will be interested too for any 2-4 units in B areas.

As @Polina Goncharova suggested, you can get your buyer right here!

Got to all the local REIA's in the area and make connections. Start a website. Market on Craigslist.

We flipped a turnkey 3-flat in Bronzeville to an investor from California, but my broker found them through his network of brokers that deal with investors...  so I guess my advice would be to get a good listing agent in addition to the above  ;)

Medium logo 01Larry Smet, Boomerang Capital Group | 1‑800‑266‑6345 | http://www.boomerangcapitalgroup.com

Thank you everyone! Some very helpful feedback.