Central Illinois - MCALA Mtg: Creative Financing w/Jeff Baer

[Nichole B.]

You've probably heard of the term wholesaling. The gurus pitch it as a no money down option and minimal work to start raking in smaller chunks of change. It can be an intimidating process because wholesaling involves mailer campaigns, sales, contracts, estimating rehabs and so much more.

For the month of February we will be having local real estate investor Jeff Baer share his experience regarding wholesaling and how he makes it work for him. Jeff founded CU Home Buyers and has been investing for years in the local market. His company employs many strategies from rentals, to lease-options, and one of Jeff's favorites, wholesaling. From the days when he was sending out his own mailer campaigns by hand he now employs a small crew of people to handle the day to day operations and keep the business moving forward.

At its core basics wholesaling usually involves putting together a contract to buy a property and then assigning (selling) the contract to another buyer. The second buyer is the one that actually puts up the large chunk of change to purchase the property while paying you your fee for selling the contract to them. Jeff will be able to talk through his approach, the ins and outs of wholesaling, and answer questions you may have about the strategy. It should be a great informational crash course into the wholesaling strategy.

Please Note: 

• A nominal fee of approximately $1-2 will be added to your restaurant/bar check to help cover the room charge. 
• MCALA Board Members will be meeting in this room until 6:15 PM. If you arrive early, please hang out at the bar or hotel lobby until the doors open.