Every time I come across a good deal and contact Investors I get a lot of hesitation…unlike the late 90’s and early 2000’s when everybody wanted a piece of the action. Well believe it or not, Investors are flipping properties now in this market and making more profits than they ever have!…because a lot of people are hesitant and do not think there is money to be made. That’s exactly what the investors that flipped the properties listed below want you to keep on thinking!
You don’t have to take my word for it, look up the public records for yourself…or email me I’ll send you the MLS Sheets
5210 W Grace St. Chicago, IL 60641 Bought for $118,150 on 11/05/2010 as a foreclosure…property was remodeled and flipped on 2/28/2011 Sold for $242,000 under contract in 9 days!
6325 W Melrose St, Chicago, Illinois 60634 Bought for $105,000 (foreclosure) on 12/30/2010 flipped and Sold 5/11/2011 for $230,000 under contract in 4 days!
One thing these Investors had in common is that they worked with a Realtor that gave them access to foreclosure listings. You can get setup to receive REO foreclosures property listings here
If you email me I’ll send you the MLS sheets so you can see for yourself with before and after pictures that show what work was done to these foreclosure properties.
Michelle George says
Of course, what a splendid site and enlightening posts, I definitely will bookmark your blog.Best Regards!
Chicago Real Estate says
Thank you Michelle.
Reta says
Where exactly is the facebook like button ?
John says
Hello, Please keep this up! The more we can educate people
about foreclosures, the faster the market will turn the corner.