Don't buy into the hype from gurus that there is a "missing piece" of the puzzle that only they have.

Lets say you bought a piece in Cicero or Berwyn.

So if the new construction sells for 760,000 (380,000 a piece), pay 152k for the lot.

There is a piece of property next to me and I'm about to start the contact to buy process with them. 

What this equates to is instead of a 2,000 leather sofa lasting 10 years they have a piece of crap that is 15 years old handed down many times falling apart in few months.

I doubt my sector president or HR even knows my name unless it came on a piece of paperwork.

My unit is 2,060 square feet with a 3/2.5 layout and I actually have walled bedrooms and it is appraising for $273,000.When comparing this to Zillow's zestimate, the $209,000 piece of property has a zestimate of around $250,000 while mine has a zestimate of $263,000.

Once a person gets direct mail piece with this line of BS  and gets it from about 10 different people they can put 2 and 2 together.and for sure we have lost money on deals.. many times.. it goes with the risk reward scenario.

The first 6% go straight to the investorsNext 6% are split 70/30 favoring investorsRemaining 88% are divided 60/40 favoring investorsHe also takes a modest property management fee: 4% of gross rental incomeBased on our financial assessment of this deal, including all of the above investment brokering + property management fees, he'd essentially be getting 13-14% of gross rental income.Finally, he gets a piece of the action when we sell the property: Net profit (sale price - investors' down payments - outstanding amount on mortgage) is divided 75/25 favoring investorsHow common is this structure in the industry?

@Luiny Tavares,For the short sale piece, the seller will accept $5.