All Forum Posts by: Christopher Kramer

This post is GOLD! I was just trying to figure out how to get into wholesaling while living abroad. Thank you @Kenneth E. for all the incredibly useful insight!

Usually new REIs start with wholesaling because it requires the least amount of money to get started in investing. Then move to fix n flips, then buy and holds, then lending. OR you could become a real estate agent and earn a commission while learning transactions from a representation point of view. Also, having a license and access to the MLS will give you a HUGE leg up. Hope that helps.

I totally agree with you when you talk about the learning aspect of the business. I was and still am stuck in analysis paralysis, BUT you have to remember what your ultimate goal is and then you can filter all the info into actionable steps. I have spent almost 2 months learning as much as I could and along the way taking action, such as marketing, networking, and learning the legalities by partnering up with an attorney (worth their weight in gold). Mind you, I have NO MONEY and I am driving Uber and relying off of family to sustain myself as well as my startup. I FINALLY just put my first wholesale property under contract and was so happy that I accomplished just that, now I am thinking I don't even have a good deal but there's plenty of opportunities if you truly work to find them. It is ALL a learning experience, and if you learn and experience sooner rather than later, then your on your way to running a fruitful business. Don't let your ego win, stay positive. (This is coming from a newbie wholesaler's point of view fyi)

Cash deal for sale!

Summary: Contract to buy a brick 2 bed, 1 bath SFH in need of rehab and will guarantee a great rental return.

Ideal strategy for buy and hold cash investors that will put in the work to make this house a great addition to their portfolio.

Contract Price: $21,000
Retail Value: $65,000

2016 taxes: $3,400
Area cap rate: 15% - 25%
Expected cash on cash return: 18% in first 12 months rented
Estimated repair costs: $15,000 - $25,000 (variable depending on the investor)

Please contact Chris for more details!

Hello, I have an opportunity to flip a property in Elwood, Indiana. Anyone have experience investing in Elwood?

Hello all, who out there does buy and rent for section 8 tenants? I come across good deals around Chicago that would mainly benefit to section 8 landlords.

@Chris Titcomb Indeed they do. What I meant is not the GC that is going to mark up everything and charge a crazy amount for doing Mr. and Mrs. Smith's one time kitchen remodel. Someone more investor friendly that will be doing A LOT of work with me.

Hey! I am new to the fix n' flip game and would like to know if anyone has any GOOD and "less than retail" GCs they can refer me to for single family home remodels in the NW neighborhoods of Chicago and burbs.

Thanks!