Illinois

[chirishceo]

Hey all, happy Monday! Getting right to the point, I have a consulting company in Chicago that will be relaunching full force in early January with a strong focus on wholesale activities. As many of us know, there is not a shortage of willing and capable lenders/investors for deals, just a lack of committed individuals to find and deliver quality deals. My company Apex Endeavors, LLC will be dedicated to putting in the work to get those quality deals for the benefit of the motivated seller, the investor and ourselves. We will begin reaching out to distressed home owners during the first week of January and would love to have a few investors at the ready to start fielding opportunities by then. Please feel free to drop a line if you would like to speak further. Our primary desire is to deal with local investors, but money is money and at the end of the day, the goal is always to close the right deal for all parties. Thanks!

[twograndd]

Hello everyone,
I'm a newbie in the business.
My question is can you do a double closing, on REO, or foreclosed
property, and can I use transactional funding

Second, doesn't HUD houses have a addendnum saying the properties are sold only as a owner-occupied.

[justin0419]

Hud homes have bidding that's only open to owner occupants in the beginning.  If it doesn't sell during that period, it will then go to all bidders which includes investors.  If you bid during the owner occupant period, you will have to sign an addendum at closing saying you'll occupy the house for one year.  You don't have to sign this addendum if you bid during the all bidders period.

[REI Lady]

Hello, I'm Val Robinson and I'm a  wholesale real estate investor in Illinois and  working on first deal and like to network while learning from others. Are there any other investors in my community area?

[WCRT]

Hey Val, yep, here in Chicago!!

Have you checked out any local REI Clubs? I recommend the WCRT! The details are on this site at: http://www.reiclub.com/real-estate-clubs/Illinois.html

Although I don't think all those clubs are still in existence. Pretty sure the MidwestREA is no longer around.

[kenbr1985]

Hello,

My name is Ken Rogers and I'm new to investing in the Chicago metro area. I'm interested in doing seminars, and we are putting together a team of experts to educate people that are interested in converting their IRA and 401k accounts to Self directed IRA accounts for the purpose of investing in entry level SFR real estate. If any one knows of a investor friendly Self directed IRA custodian please let me know.

K. Rogers

[WCRT]

Just about every month we have a SD IRA Custodian as a vendor at the WCRT events!

[Erife]

Hi my name is edward I'm looking for fellow investors in southern illinois

[Sylvia6]

I was recently invited to an investor group meeting which ended up being a school that teaches all aspects of real estate investing, but the classes are from $2000-$15,000.  I was wondering if anyone had any positive or negative feedback? 

[WCRT]

Let me guess, you were invited to "RENATUS"?

That is a new name on the old Nouveau Riche organization. Research that.

[kdhastedt]

Oh great...they've 'reinvented' themselves?

They really died down in here finally...I hope they don't come back here.  He had a devil of a time with them...

Keith

[dwizzle]

Hello, my name is George, a REI newbie based in Springfield IL. Is there any REI club in my area? Also, can anyone recommend a friendly Real Estate agent, a good Closing company, and an RE Attorney? Thanks.

[WCRT]

Keith,

Yes Nouveau Riche reformed at Renatus. Operating slightly differently but the same people, the same overpriced education but their real focus isn't real estate but Networking Marketing.

They invite people to their meetings, and sell you on their education. The person that referred you gets a % of the take.

There are some people in Renatus that actually do get to the point of doing Real Estate, but most just re-sell the education.

[ChicagoChris]

Hello All,

Are you skilled real estate investor living in Chicago? I am willing to provide free assistance for 1-2 months (~5 hours/week) to the right person.  I can perform valuations, site visits, review financials, or anything else of importance to your business.

My background:
•   Work for personal wealth management firm in Chicago
•   MBA, concentration: Real Estate
•   Own personal residence
•   Passionate about getting involved in RE investing
 
Your background:
•   Strong track record of investing the Chicagoland area
•   Actively looking for new deals
•   Interested in teaching RE
•   Invest in any type of RE

Please email me if you would like to discuss how I could benefit your business. I work in the loop and can meet from 7AM – 7PM, Mon - Fri. 

Chris

[hothomesolutions]

Hello Illinois!  I'm a new investor specializing in wholesaling right now.   I am also looking to network with anyone and everyone to get more experience.  Let me know how I can help you.