Next Meetup

Flipping for a Living- Reverse Engineer Your Flips
The TV shows make it look so easy. You buy an ugly house, fix it up in a week or two and then sell it for a whopping $100,000 profit. But as anyone who has ever tried it knows, house flipping is a lot harder than it looks. And often, the math doesn't add up to a sizable payday when you factor in the time, effort, labor and money to execute a flip. But that doesn't keep people from trying. Flippers face four key challenges: • Finding a good house at a low enough price to make the deal work • Finding reliable contractors to do quality work at a reasonable price • Finding money to finance the deal • Selling the home at a price that will cover expenses and provide enough profit to compensate for the time invested If location, location, location is the mantra for all real estate, “do the math, do the math, do the math” should be the mantra for would-be flippers. And we mean all the math. For example, if you calculate a potential flip this way: Buy a house for $100,000, spend $20,000 on improvements, sell it for $150,000 and earn $30,000 profit, you clearly haven’t done all the math that’s needed.REMINDER: ChicagoREIA.org- Oak Lawn Monday, November 26th- 6:30pm (Check-In / Networking starts at 6:00pm) Hilton Oak Lawn 9333 S. Cicero Avenue, Cicero 60453 Chicagoreia.org - Oak Lawn is a subgroup of the largest Real Estate Investors Association in Chicago. The best part is that we are #1 in terms of member productivity. Attendance at the ChicagoREIA subchapter meeting is FREE. At ChicagoREIA.org our goal is to Listen, Learn, Share, Grow and Leave The World A Better Place Than We Found It. See You at the Meeting! The ChicagoREIA.org Team

Hilton Chicago / Oak Lawn

9333 S. Cicero Avenue · Oak Lawn, IL

What we're about

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Meet the most active group of real estate investors in Chicago. We eat, sleep and dream real estate. If real estate is your passion, hobby, occupation you are in the right place. We have put together a group of real estate investors on steroids. THIS IS THE MOST PRODUCTIVE GROUP OF REAL ESTATE INVESTORS YOU WILL EVER MEET. We build friends, forge relationships and form great partnerships. In life or in business its about great partnerships. We are a group of passionate, fired up and excited real estate investors. From newbies to long time investors all are welcome. Come learn, contribute, share, partner & grow. Real estate is a team sport and we are helping change lives one home at a time. We have created the most dynamic community of real estate investors in the local area. Our goal is to help contribute in your growth and for our members to be able to help the next generation of real estate investors become even more successful at a faster rate than ever before. Our core value is reflected as follows: "ONLY SPEND TIME WITH PEOPLE THAT YOU CAN LEARN FROM, TEACH, ENJOY BEING AROUND OR CAN PROFIT WITH". From private lenders, hard money lenders, flippers, cash flow kings & queen we have them all in our band of real estate nuts.

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