Seeking information on the process of buying/selling wholesale.

Wholesaling
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Seeking information on the process of buying/selling wholesale.

Jason Deangelis
Rental Property Investor · Chicago, IL · Member since 2020 · 66 posts · 20 votes

Hello all. In consideration of home values being sold over market value I want to explore the option of off market deals. Wholesale, FSBO, cold calling, and direct mail marketing. I'm in Illinois (Chicagoland are) and am asking if there is anyone [Edited by Moderators] - who can advise me on the best way to connect with - wholesalers, title companies, real estate attorneys to get a better grasp on the concept. My intention is to BRRRR properties with a partner. I would appreciate any help in the topic.

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Crystal SmithPro Member
Moderator
Real Estate Broker · Chicago, IL · Member since 2014 · 2k+ posts · 1k+ votes
5y
Originally posted by @Jason Deangelis:

Hello all. In consideration of home values being sold over market value I want to explore the option of off market deals. Wholesale, FSBO, cold calling, and direct mail marketing. I'm in Illinois (Chicagoland are) and am asking if there is anyone [Edited by Moderators] - who can advise me on the best way to connect with - wholesalers, title companies, real estate attorneys to get a better grasp on the concept. My intention is to BRRRR properties with a partner. I would appreciate any help in the topic.

What you're describing is not "wholesaling." It's just purchasing "off market properties" The best way to connect is to network. Attend every local REIA meeting and build your network. On the bigger pocket forum you'll find realtors that get off market deals; you'll find attorney's,... Regarding finding off market deals themselves- DO NOT cold Call without first getting a copy of the Do Not Call (DNC) list.

312-681-7487
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  • Ramon Vazquez
    Investor · Kansas City, MO · Member since 2018 · 117 posts · 46 votes
    5y

    I have not done deals in Illinois but I do know traditional wholesaling requires a license if you plan on doing multiple deals.  I would connect with local investors in FB groups if you don't get too many local investors reaching out on BP. Good luck getting started!

    0Reply
  • Jake Wosick
    Raleigh, NC · Member since 2021 · 52 posts · 12 votes
    5y

    @Jason Deangelis are you looking to invest in Illinois or willing to go out of state?

    0Reply
  • Jonathan KlemmBusiness Member
    Moderator
    Contractor · Chicago, IL · Member since 2016 · 4k+ posts · 2k+ votes
    5y

    @Jason Deangelis - Hope things are going well with your Mayfield project!

    I am happy to run through our process with you or get you set up calling if that interests you.  

    It's definitely an evolving and growing business, at CTHB we are totally focused on the longer-term follow-up game and building relationships with sellers.

    [email protected]
    Quality Builders4.966 Reviews
    WebsiteView Page
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  • Jason Deangelis
    OP
    Rental Property Investor · Chicago, IL · Member since 2020 · 66 posts · 20 votes
    5y

    @Ramon Vazquez thank you for the advice!

    0Reply
  • Jason Deangelis
    OP
    Rental Property Investor · Chicago, IL · Member since 2020 · 66 posts · 20 votes
    5y

    @Jake Wosick id be interested in learning the process in Illinois, Michigan, and Indiana.

    0Reply
  • Jake Wosick
    Raleigh, NC · Member since 2021 · 52 posts · 12 votes
    5y

    @Jason Deangelis I wish I could help you. I am in Raleigh, North Carolina market. 

    0Reply
  • Daniel Guerra
    Investor · Greater Chicago Area and Northwest Indiana · Member since 2018 · 138 posts · 42 votes
    5y

    @Jason Deangelis You will need to connect with people through bigger pockets or other similar investing sites. You can go to investing meetups and meet like minded people. You can also find what your looking for by googling and connecting with various companies throughout the Greater Chicago Illinois area. I personally reach out to home sellers off market and flip/wholesale the property. I use a combination of direct mail, cold calling, organic website leads (SEO), and paid internet leads (Google/Facebook).

    Best of luck on your Investing career!

    0Reply
  • Crystal SmithPro Member
    Moderator
    Real Estate Broker · Chicago, IL · Member since 2014 · 2k+ posts · 1k+ votes
    5y
    Originally posted by @Jason Deangelis:

    Hello all. In consideration of home values being sold over market value I want to explore the option of off market deals. Wholesale, FSBO, cold calling, and direct mail marketing. I'm in Illinois (Chicagoland are) and am asking if there is anyone [Edited by Moderators] - who can advise me on the best way to connect with - wholesalers, title companies, real estate attorneys to get a better grasp on the concept. My intention is to BRRRR properties with a partner. I would appreciate any help in the topic.

    What you're describing is not "wholesaling." It's just purchasing "off market properties" The best way to connect is to network. Attend every local REIA meeting and build your network. On the bigger pocket forum you'll find realtors that get off market deals; you'll find attorney's,... Regarding finding off market deals themselves- DO NOT cold Call without first getting a copy of the Do Not Call (DNC) list.

    312-681-7487
    1Reply
  • Jason Deangelis
    OP
    Rental Property Investor · Chicago, IL · Member since 2020 · 66 posts · 20 votes
    5y

    @Daniel Guerra. Thanks!

    0Reply
  • Jason Deangelis
    OP
    Rental Property Investor · Chicago, IL · Member since 2020 · 66 posts · 20 votes
    5y

    @Crystal Smith thank you! The DNC info was very helpful. Ive read the books and the common sense stuff I get. Its the little details like that accelerate my knowledge in this field. I appreciate the feedback.

    0Reply
  • Jason Deangelis
    OP
    Rental Property Investor · Chicago, IL · Member since 2020 · 66 posts · 20 votes
    5y

    @Daniel Guerra Thanks Daniel.

    0Reply
  • Rob Hayes
    Real Estate Broker · Downers Grove, IL · Member since 2012 · 93 posts · 57 votes
    5y

    @Jason Deangelis it's sounds like you have a grasp of the basics.   So like our friends at Nike would say, "Just Do It".   You can read all the books and watch all the podcasts you want but there's no substitution for just hitting the pavement and working what you've learned.   The next step is to be persistent and just keep working your system over and over again!   Good luck and keep us posted with your progress!!!

    0Reply
  • Jason Deangelis
    OP
    Rental Property Investor · Chicago, IL · Member since 2020 · 66 posts · 20 votes
    5y

    @Rob Hayes I found a mentor that helped me by explaining the process better about title companies, how to find wholesale deals and purchase from wholesaler, what type of attorneys to talk to, what I can do to protect myself from shady salesmen, and gave me some referrals. That was what I needed. Books are inspiring, but as someone new to the area of buying off market listings, I am appreciative for his advice being detailed and taking the time. In turn I did some things to help him organize some of his business. Paying it forward.

    1Reply
  • Rob Hayes
    Real Estate Broker · Downers Grove, IL · Member since 2012 · 93 posts · 57 votes
    5y

    That's awesome Jason!!!   Best of luck...  

    0Reply
  • Drew Rose
    Member since 2021 · 4 posts · 0 votes
    5y

    check out max maxwell 

    0Reply
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