All Forum Posts by: Elbert D.

buyers are your customers in wholesaling. Just like in any business you need customers first. Without buyers you have no business. When you do have buyers you go after what they are looking for. Atleast that's how I see wholesaling and its work decent for me so far in the Indiana and Chicago markets. Although you have never have enough buyers soooooo I'm still looking for buyers in the Illinois and Indiana markets myself lol

I absolutely think of myself as a leader. Real estate is a business no matter what area you are doing......buy and holds, fix and flips, or wholesaling. You still are running a business regardless. Mentally my mind starts to wonder what else I can do besides real estate(I love it) but it makes me think of getting into another industry and see if I can have the same level of success because the business core would be the same. 

How's it going. I personally hate short sales in Illinois. They could take up to a year or 18 months smh. If I were you I'll call the bank who owns it and find out what happen. But that's why I hate short sales they take too long and often times they don't close

@Nancy Schneider hey, were you only getting rentals in Illinois? If so what areas and what was your cash on cash return? Also you should look into Northwest Indiana. The state is very landlord friendly and taxes are cheap. PM me for detailed explanations of both states lol I don't want this post to get too long. 

I also want to know who is the top California flippers....but also the ones who invest in Illinois and Indiana. 

@Eugene Rogachevsky how's it going, there are a few areas in Chicago being gentrify. It's sad but as the saying goes it's just business....Englewood(although the crime is still high) is one that comes to mind. The houses are big over there but heavily outdated and there's a chipotle and Whole Foods there. Usually Whole Foods is a good indicator something good is coming to a neighborhood,The Whole Foods close pretty early lol....anyway also Chatham and south Chicago is also on the upswing. It's near the lake and the ARVs are around 200k and sometimes can be bought around 70k. Some people say roseland and west Pullman but I find that hard to believe. People say it's because it's a Walmart in roseland.....I drive through roseland a lot and it still looks the same as it did when I went I was in high school a few years ago. There is the better part of roseland which is close toward 95th street but that's because Washington heights is across the way which is near Beverly and evergreen which are two good areas of chicago(especially Beverly) also consider Gresham. That area is on the uprise as well.

Eric Michaels very well said. It might be the delicious food lol

I read through some of this thread....I see Florida is a tough market. Is there any investors looking for flx and flip opportunities with an ROI over 23%? Or opportunities for buy and holds with atleast a 11% Cash on cash return for their rentals? I would tell any investor from Florida to look into the Midwest states. Specifically Illinois and especially Indiana, the returns are very nice. Also we have the infrastructure to assist anyone who doesn't have a rehab team or property managers for their investing. If anyone wants more information about investing in the Midwest please PM me. Thanks

How's it going BP, I'm curious what marketing has been the most successful? To me I think direct mailing is a waste of time and money. Has anyone had success with IG or FB Ads? Is anyone doing something totally new that is against the grain? Post your thoughts. 

I'm kind of confuse by your question @Ryan Phillips I wholesale and I have relationships with all my buyers. That's my objective and to ensure they get the best possible deal. There actually have been cases where I took less in order to make them happy. Wholesaling when done right is a business....also what I do is tell investors that are out of town such as California or New York or whatever if they want to invest in Illinois or Indiana we can rehab the property for them! We also manage the process to ensure everything goes smoothly and we have property managers to manage the buy and holds for investors who want rentals. I have some international investors who buy from me and just like anyone else the goal is to make sure they aren't happy with their ROI or cash on cash return. Real estate just like any other business is all about relationships and sales IMO