All Forum Posts by: Elbert D.

How's it going! I'm assuming your talking about for buy and holds? Or did you New. Flips? If you mean b&h I'll recommend you look into the Indiana/north west Indiana market. The taxes are cheap and overall it's a really investor friendly state. For example we can get you into a house all in purchased for 100k in Merriville. Also research the south side suburbs of chicago. In the media chicago gets a bad name and although there are some bad areas here and there it's mostly propaganda. Illinois taxes are getting out of hand and you have to really be careful where you invest in certain areas but I usually find my investors deals that have a minimum of 11 or 12% cash on return. Let me know if I can help you or anyone else in Canada invest in the Midwest.

I don't like labeling myself as a wholesaler because of the bad rep they get. But I am one. I also do buy and holds and flips as well. So I have a clear picture of what most investors are looking for and why. I'm in the business to help people acquire their properties and achieve their goals. Me and the group I work with don't operate on the "standard wholesaler" business. We actually care and aren't just trying to make money. But it is a business.......But to get back to the topic. PM me to discuss further business. The market is really really tight right now. Both chicago and northwest Indiana don't have much going on right now. I'm confident things will pick back up soon. Just have to have patience. Honesty is the best character trait in this industry and we are as honest as possible with our business operations.

Interesting.....what kind of properties are you looking for? Are these for buy and holds or flips? Are you only focused on those areas? I have a ton of questions for you. Can you PM me to discuss further business? Thanks

That's one of the things that can totally throw off a deal. Reliable sold comps...they are hard to get. It's hard to get a realtor on board to run some good ones because most realtors send me really really bad ones. Throwing anything together as if I can't tell It took them 3 mins to come up with. My advice to you is to keep going through realtors who would have no problem helping you. Give him or her a fee if you close on the house. A lot of realtors don't investing or aren't good at it so you will go through a lot of them before you find a really good one.

Hello Sarit, So 100k for a off market SFH rather it be in chicago or northwest Indiana will get you in something pretty decent. There was one property near Beverly that went extremely fast that would have been pretty for you. Usually in a place like Merriville we get people into a SFH with a purchase + all in rehab cost for about 100k. So definitely keep your eyes open to North west Indiana as well. But definitely consider the south suburbs as well. There a few really good places for properties that cash flows like a pig. Don't neglect the inner city as well. A good deal can cash flow as well depending on if you want to do section 8 or not. So in summary there is all kind of potential for you. PM me if you want any assistance on anything.

WCRT is really the only one I been to where it's original and people aren't trying sell you a program. I would recommend any investor to check them out.

Zillow and all of the other real estate websites aren't that good at sold comps. I'll rather have a realtor pull sold comps or comps to see exactly what a property is worth. Now I use Zillow to get a ball park figure of how much the house it's worth. In Illinois and Indiana Zillow is often high after comps come back. I like to be precise as possible when dealing with this type of information because it could make or break a potential deal.

Well there are a good amount here lol. Alex Bok is a good one and pretty competent.

@Crystal Smith very well said! 

@Marc Eatmon yeah the south side is slowly changing overall. It's because the north side is close to its ceiling of getting better. It's so expensive to live up north but overall the north side is much more developed than the west and south side of chicago. So there are fewer opportunities to provide value. Every now and then there may be occasions to grab something not too pricey and flip it. But if you want more info just PM me and I can give you the full run down. I love to work with out of state investors looking to invest in chicago. Also keep your eyes open for Northwest Indiana it's considered an extension of chicago as well. 

interesting....next year I'm have to go. Keep me in tuned. I might forget lol