Chicago Market

[Pnade Marsh]

Hi everyone, I'm in Chicago driving for dollars looking for wholesale deals but I'm all over the place. How can I figure out what areas to target? What areas are most investors interested in?

[Jose Flores]

Hey @Pnade Marsh The Multiple Listing Service, or MLS is the best resource to use to find were all the cash transactions are at. Cash transactions equals where real estate investors are. And this is how you get access to it.

Step 1: Find a local real estate agent to work with.

Step 2: Now that you have a real estate agent you will tell them what you do and explain to them what you can do for them. That's the twist; not what they can do for you but what you can do for them. Here is your script. Hello Mr. Agent my name is Jose Flores and I am a wholesaler in the area and I am looking for a new real estate agent to work with. I have sent out some marketing material this week and I am expecting to hear back from sellers in the near future. As you probably know I need to get properties under contract at deep discounted prices in order to sell them fast. Therefore, many of the sellers I work with do not meet my criteria. I would be willing to forward their property address and contact information to you. I don't want any referral fee, but what I do need help with is getting comparable sales from the MLS and a list of all the cash transactions in the following zip codes…... Is that something you can help me with?" The would give them my search requests and have them email the comps the first few times. Hope this helps.