Chicago Wholesale Properties and Real Estate Investment Deals

Tips For REO Listings

Wed, 03 Feb 2010 15:19:18 +0000

REO real estate investing can be much easier when
you have a real estate agent that knows the ins and outs.

It’s also important to know what your price cap
is so you don’t waste time on listings that are out of
your price range.

That said, when you know how to find private
lenders, then you have the chance to start buying
bank reo property in bulk, which can add up to even
bigger discounts.

When you have lists of wholesale buyers and retail
buyers, you then have a chance to sell these bargains
quickly, still at a discount so people continue to line
up for your next real estate deal.

24 E. 118th Chicago IL 60628 Chicago Wholesale Deal

Thu, 12 Nov 2009 19:33:20 +0000

24 East 118th St., Chicago, IL 60628
Frame 2.0 Br / 1.0 Ba

Front Elevation_24 East 118th St., Chicago, IL 60628

For More Info on this Deal >> Click Here Now Before It’s Too Late!!!

Opportunities and Strategies for Real Estate Investing in the Coming Decade

Fri, 30 Oct 2009 11:41:23 +0000

Check out Steve Bergsman.

A must read for the Real Estate Investor, no matter what your level is.

Steve Bergsman is a freelance writer in Arizona and author of several books, including “After the Fall: Opportunities and Strategies for Real Estate Investing in the Coming Decade.”

The Pitfalls of Property Exchanges

Thu, 29 Oct 2009 11:42:59 +0000

With the number of bargain properties now on the local real estate market, you would think both investors and owner-occupants would be racing to take advantage of attractive deals.

While many potential homeowners — especially first-time buyers attempting to beat the Nov. 30 deadline and take advantage of the $8,000 federal tax credit — have re-entered the market and have made compelling offers to purchase Puget Sound homes, investors have been reluctant to capitalize on reverse tax-free exchanges.

Nine years ago, the federal government enhanced 1031 delayed exchanges that allow taxpayers to defer the capital gains tax on an investment property if they purchase a “replacement” investment property of equal or greater value within specific time frames.

The enhancement, Internal Revenue Procedure 2000-37, permits the title to the “replacement” property to be held by an independent third party (typically a facilitator or attorney) until the “old” property sale closes. In other words, you can buy before you sell and still defer the gain.

To view the source of this information and the rest of th story: Click Here

Financial, business risks stir concerns
By Tom Kelly, Thursday, October 29, 2009.

Inman News

Old Chicago Main Post Office sold

Thu, 22 Oct 2009 11:08:58 +0000

(Crain’s) — English developer Bill Davies has completed his acquisition of Chicago’s Old Main Post Office, roughly two months after he agreed to pay $40 million for the property at auction.

More…

By Andrew Schroedter, Oct. 21, 2009

Up to 3,000 homes…

Wed, 21 Oct 2009 13:28:04 +0000

Up to 3,000 homes proposed for ex-Ryerson site

(Crain’s) — The non-profit development arm of billionaire banker Michael Kelly has submitted an ambitious plan to the Daley administration for 5.6 million square feet of new homes and retailing on a shuttered steel plant next to the landmark Pullman District.

HUD Says No RESPA Reprieve..

Fri, 16 Oct 2009 15:29:41 +0000

Federal regulators say they won’t be swayed by a last-ditch effort by industry groups representing lenders to postpone Jan. 1 implementation of standardized mortgage loan disclosure forms and procedures that are intended to help consumers comparison shop.

The Department of Housing and Urban Development put forward the proposed changes to the Real Estate Settlement Procedures Act (RESPA) in March 2008 and issued a final rule in November after a public comment period that was extended at the industry’s request.

Lenders want more time, clarification of new disclosure rules

By Matt Carter, Friday, October 16, 2009.

Inman News

Click Hrere For Full Story

Chicago Vacancy Up At Area Neighborhood Retail Centers

Fri, 09 Oct 2009 10:31:49 +0000

(Crain’s) — The vacancy rate at Chicago-area neighborhood shopping centers and strips malls rose in the third quarter, to 11.2%, compared to 10.9% during the second quarter and 9.4% a year ago.
More>>>

Good News For The Buy and Hold Real Estate Investor

Mon, 05 Oct 2009 11:38:57 +0000

Former Homeowners Go The Rental Route

With about 1 million homes in foreclosure at the close of the second quarter, according to a Treasury Department report released last week, the American dream is going into reverse at bewildering speed for homeowners across the country.

For More on “Former homeowners go the rental route” By JANIS MARA,

Click Here…

NOTABLE QUOTE

Fri, 02 Oct 2009 12:05:20 +0000

“There have always been buyers who expected to pay too little and sellers who expected to fetch far too much. What is new is that the disconnect is greater than I have ever seen. Maybe that’s what they call volatility … I think it has much more to do with the growing number of voices in our heads — the overabundance of information in a world where every individual represents a news source.” –Kris Berg

Chicago Cash Flow Investor Deal

Sat, 19 Sep 2009 15:41:50 +0000

7713 S. Marshfield, Chicago, IL

Tenant In Place – Chicago Cash Flow Property Deal

Another Great Chicago Wholesale Deal
Check This Out

Will Not Last Long

This kind of opportunity comes around only once in a great while.
Take advantage of the low pricing and tenant – occupancy today.
Price: $50,000.00 (plus closing costs)
Monthly Rent: $1,200.00
Estimated Loan Payment (PITI): $600.00
Estimated Maint/Managemt/Vac: $300.00
Total Estimated Costs: $900.00
TOTAL ESTIMATED CASH FLOW PER MONTH: $300.00