All Forum Posts by: Sharlisa Elzy

Hi, I'm in the Chicagoland (cook county) area and want to start gathering probate leads in order to do a mailing campaign . My question is, should I go to the courthouse to gather my list or can I get the info online? Also, what courthouse do I go to to retrieve cook county records? 

Thanx for all the great advice

Hi everyone,

I think I may be on to something here. My dad owns land where his multi-family building once stood. The building was demolished by the city of Chicago after mysteriously being set on fire and my dad had to pay them off. For what I am not sure. I am a newbie who badly wants to get my first wholesale deal so I asked my dad would he sell and he said yes. I need help finding out what to put the land under contract for. I have no access to MLS and also my dad is not sure what leans are against the property but there is no mortgage. How do i get the right numbers? I would greatly appreciate your help!

@Cory Binsfield  I am currently in a situation similar to yours prior to your first rental. I am self- employed and currently repairing my credit so I am a little nervous about getting financed through a bank just yet. How did you find you owner financed deal?

Hey Juliette, sounds like you should consider a 2 or 3 unit place in an up and coming neighborhood to get you started. Learn to run the numbers to predict how renting the other units , aside from one that you'll occupy, will pay your bills,  which will help you avoid spending much of your savings. Also, try to get the best deal where you can get cash flow to add to your current savings for later investing.... Good LUCK

Hey Ana, congrats! I got a breath of fresh air learning of your success! What meet ups have you been going to? We need to connect!

@Curt Smith Thank you!

Hi, I'm looking for a wholesaler who has buyers looking to invest in multi-family on the SouthSide of Chicago!

I spoke with the lady today who had the property in receivership. I asked how to get it terminated and mentioned I needed to access the building because I am a potential buyer. She then explained that the receivership was terminated last September and there was a lean placed on the property for $1820 with 9% interest in which she is unaware if the interest started accruing. I plan to talk to the probate lawyer Monday to request financials and I also found that the average rent for 1bd in the area was $700 in which this property has 6 1bdrooms. The property is vacant and boarded by the city. After evaluating the financials and finding comps, how can I come up with an offer if the property is boarded by the city.

@Paul Sorgi I'm going to give them a call today!