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Updated over 7 years ago,
Accessing Chicago, Bronzeville REO Pipeline
I am completing my second Chicago, Bronzeville flip, and while doing some reflecting yesterday, I realized what will be the two most important pieces to meeting my short-term goals. They are deal-flow and funding. There are clear paths to securing funding, however deal-flow is a murky, unclear, by-chance element. I've gotten good deals thus far by staying maniacally tuned into the MLS, setting alerts, etc. However, it is not a science, and lacks sufficient agency for my taste. My goals require a steady flow of good deals in my target areas.
Has anyone been able to tap into a good REO pipeline, especially in the Chicago market? What did you do to find it? Have you been able to connect directly with banks or servicers?