Learning how to analyze deals and wholesale

[Michael Modugno]

Hello All, 

I want to learn how to analyze deals on singles family/multi family properties. I own a duplex now and plan to get another property in the next 4 months. where would be a good place to start? Additionally, can learning how to analyze deals be a good skill to use for whole sale? In the mean time could this be a valuable tool in making some side money with whole sale for real estate? 

Thanks, 

[Caden Wakim]

Hey! 

We are neighbors, im located in Plainfield IL.

If you want to wholesale in IL, it's very tough, you are allowed 1 assignment of contract per year, anything above this you must be licensed as an agent in IL. Even once you are licensed, there are many restrictions. You will have much better success wholesaling out of state, build a buyers list in a few markets and begin marketing. Analyzing deals is probably the best tool you can have in your toolbox. If you want to invest in IL, I recommend Joliet, I flip homes in this market but im buying rentals out of state. The IL property taxes are tough and they dig into a lot of your cashflow. Also its not a very landlord friendly state...

Best of luck