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welcome Bernie

What is your strategy for finding investors to assign properties to?

Ballpark, how much would you expect to make on a wholesale deal as the wholesaler? For example, if you bought a property for $200,000 and signed a contract for $140,000, how much would you look for to assign the contract to an investor?

realstats, is that a website?

thanks Dwayne, I checked out your website and the website for the Chicago Real Estate Investment Club. I registered for the Chicago club and am looking forward to hearing back from them and finding out when the next meeting is so that I may attend. I appreciate the information and am looking forward to it.

I'm considering purchasing product from a wholesaler in China. I've never done business with them before. How do I know whether I can trust them? What are some ways I can protect myself and my money?

I have found a couple of properties on the sherriffs foreclosure listing website that are rather peculiar and was hoping someone could help me figure this one out. Property #1 is valued around $190,000. The default amount listed is around $40,000. This auction is tommorrow. What confuses me is that the same exact property is listed to be auctioned off 2 weeks from now. However, the default amount for that listing is approx. $170,000. Property #2 has the same circumstance. Does anyone know the reason for this?

You definately are very close to me.

Do you know of any networking opportunities in our area? I'm also going to need a good real estate accountant, mortgage broker, and probably a good contractor. I would appreciate any help if you have any info.

Thanks for the advice.

I spent all last night reading several of the posts in the foreclosure forum and I can definately say I learned quite a bit just by doing that. I'll be sure to check out the articles in the areas you've pointed out as well.

Hi all,

I'm an architectural draftsman from the northwest suburbs of Chicago. I stumbled across this site while searching the internet for any kind of real estate investment info I could find. There seems to be a wealth of information on this site. I'm 27 years old and I own 1 townhome, which I rent out and just recently sold another townhouse to my tenant through a lease to own agreement. I'm looking to get more involved in real estate investing, learn how to purchase property for cheaper, and how to sell it for more. I'm looking forward to the great networking opportunity this site offers.