You may want to check this post: The Ultimate Beginner’s Guide to Real Estate WholesalingIf you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

Thank you, Doug, for your reply.I'd like to follow it up with this question:   What about going to areas online and using craigslist +   all other online sources that can target particular areas?   

I try to target properties at the 1% rules as opposed to the 2% rule for my cash flow plays.

Originally posted by @Brian Gibbons:don't be a one trick ponyUse sub2s, lease option assignment, JVs w sellers in minor remodels in addition to wholesaling Make money every monthApril thru August is the time to crank it I am targeting sub2, cheap rentals, wholesale, 1031 exchanges, mortgages, anything I can get.

If any of you have bought in these areas or Chicago in general what was your target cap rate and why?

Brandon's numbers give you a minimum target per door that you can shoot for but everything depends on the deal you're analyzing because every deal has different pluses and minuses/dynamics/...my suggestion is that you pick a property that looks interesting to you and run the analysis on it and then ask the forum whether you are missing or misunderstanding anything in your analysis.

Hello, my partner and I are looking at sending out postcards to the 150 houses in the area we are targetting for non-MLS listed properties.

There is always the possibility you can lock it up under contract (if you have the ability to close) and try to wholesale it, but generally speaking prices on the MLS are well above what investors are targeting for wholesale deals.

I do have some cash; about 20% to 40% of my target purchase price.What financing options do you recommend I pursue to buy my first multifamily property?