In couple of two weeks visits, I rehabbed it with the craigslist “proffies” for like 15K, which was not bad at the time.In retrospective, there were two things, which significantly reduced cash flow:the location- as excited first time “investor” I did not pay attention to numerous sump pumps (the house actually sinks in the swamp- not unusual in New England)the property manager- I had one great guy for the first four years (also found in craig).

,@AJ Cole might be a guy for y'all to get in touch with to see what he's got in inventory.

I have found these smaller, regional banks can be more open to development and investment backing than the bigger names.If you're looking for individual contact names/#'s, PM me and I can send you some.I know a guy at New Republic, so sent him an email.

Gota love my Chi-town guy too!

Hey guys - Looking to buy a property in the Chicagoland area.

Another small thing to consider is that there's a shortage of good construction workers around here, and some developers need to just keep their guys (including subs) working so they don't go somewhere else.

I’m sure if a guy worked hard enough finding stuff that’s not in the MLS he would eventually find a 2% deal but they are few and far between.

James Orr Real Estate Agent from Fort Collins, Coloradoposted 3 months ago(Hey SBB: I found this and believe that this guy and his friend will have some get info for you!)

And also what are some clauses you guys recommend I should have in these contracts?

She put me in touch with her mortgage guy, who I didn't like, but I'm going to get my own mortgage if I need one ( I might buy with cash).I'm also in touch with a wholesale real estate brokerage.