As the market becomes hot most investors are struggling to find deals. Off-Market Properties still remain the largest source of inventory. In the Chicago market there are over 30,000 pre-foreclosures that will end up either on MLS, Auctions, or bank owned REO properties. Most real estate investors including experienced investors have no idea of how to work the Pre-Foreclosures. Pre-Foreclosures are the single largest source of hidden deals at any given time. At the upcoming meeting we will breakdown how to mine for gold with Pre-Foreclosures.
Pre-Foreclosures can be divided into two major categories
• Properties listed in the MLS (5% of all Pre-Foreclosures)
• Off market deals NOT in MLS (95% of all Pre-Foreclosures)
Andrew will cover how to break down off market pre-foreclosure deals
• Pre-Foreclosures with equity
• Pre-Foreclosures 60 days or less from auction
• Pre-Foreclosures without equity or commonly known as short sale
This meeting will be packed full of tons of content and information that you can put to use immediately.
REMINDER: ChicagoREIA.org- Northbrook
Monday, May 6th- 6:30pm (Check-In / Networking starts at 6:00pm)
Off Market Deal Domination
Crowne Plaza Chicago-Northbrook
2875 N. Milwaukee Avenue, Northbrook, IL 60062
ChicagoREIA.org- Northbrook 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