Flipping 2-4 Units Multi's to Investors

Rehabbing & House Flipping
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Flipping 2-4 Units Multi's to Investors

Neil S.
Real Estate Investor · Los Angeles, CA · Member since 2013 · 22 posts · 6 votes

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!

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  • Brad Davis
    Real Estate Investor · Kaneohe, HI · Member since 2014 · 1 post · 0 votes
    12y

    loopnet

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  • Brie SchmidtBusiness Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes
    12y

    @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

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  • Polina Goncharova
    Accountant · Chicago, IL · Member since 2014 · 38 posts · 7 votes
    12y

    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. 

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  • Gautam S.
    Real Estate Investor · Eola, IL · Member since 2014 · 137 posts · 22 votes
    12y

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

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

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  • Brant Richardson
    Investor · Santa Barbara, CA · Member since 2013 · 658 posts · 315 votes
    12y

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

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  • Mark LangdonPro Member
    Investor · Whippany, NJ · Member since 2010 · 356 posts · 104 votes
    12y

    BP is what you need. Also market it to the local REIA's; and of course market it on the on-line platforms.

    [email protected]973-464-3839
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  • Larry Smet
    Flipper / Rehabber / Real Estate Investor · Toronto, Ontario · Member since 2012 · 392 posts · 77 votes
    12y

    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  ;)

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  • Neil S.
    OP
    Real Estate Investor · Los Angeles, CA · Member since 2013 · 22 posts · 6 votes
    12y

    Thank you everyone! Some very helpful feedback.

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