All Forum Posts by: Jaason White

I have a house in Springfield, IL under contract for $40,000. Its a 2bd 1Ba 2 story 1200 sqft SFH. Comps show an ARV of 120-130k and fair market rent in the area is $911 mo. I'm charging a $10,000 assignment fee, but am willing to negotiate within reason. You can reach me through here for pictures and more details.

For a while I've toed around the idea of real estate investing but always came back to the same conclusion (Not enough cash to start) I was looking into wholesaling to help build up some funds and I was getting excited until (Like many things in Illinois) WHAM! road block. I saw that Illinois now requires that you have a Realtors License to even think about wholesaling. I thought to myself that i wasnt going to let this stop me, where there's a will there's way. Now where i need help is info on whether or not that law pertains to Illinois residents wholesaling in general (I.E out of state deals) or just performing wholesaling in the state. I was thinking of making deals in the St Louis Metro area since it seems like the market is strong in the Lou. If anyone knows if i can do deals in Missouri legally as a Illinois resident let me know im really excited to start my new journey.

Good morning everyone!

I'm trying to get my foot in the door in the real estate game but right now I have limited funding so I've looked into the wholesaling side of things. I've looked into the legality of Illinois and i wanted to make sure my interpretation of the law in Illinois correctly. The Way I understand it you can only do one deal a year if you don't have a broker's license, but if you have a broker's license there's no limit; feel free to correct me if I'm wrong in my interpretation. As far as Missouri I'm looking to move there soon but haven't looked into the laws there so any advice in that area is very welcomed. Thanks in advance!

Hello, to start off on some basics Im 24 and live in central Illinois and im looking to start making extra income in real estate until i can get enough deals done to where i can do it full time. My issue is i have no clue which direction to go and the fear of failure is holding me back. Ive always been drawn to flipping im a hands on person who likes the idea of renovation and turning something that doesnt have appeal into something that has great appeal. The problem is im not sure if that is a great idea and if it will work out. On the other hand everyone in my family tells me rentals are the way to go. Im not sure which direction to go and any advice is welcome. Thank you

Im interested in flipping houses, but Im not sure where to start and not so sure if im in a good market to start in the first place. Here is a little background on my situation. The reason why i want to start flipping is as im sure the same reasin why anyone else wants to, to become financially secure and build wealth so i can have some freedom from the standard 9-5 or in my case 5-5. My concerns with this are of course the market im in, how hard money loans work and how to manage all of the costs over the time it takes to sell the property. The market im in specifically is Decatur Il and surrounding area. Any advice will be greatly appreciated. Thanks in advance!