We All Need Muliple Streams Of Income

I’m Working On My New Site. Check It Out.
http://napogino.com-vip.com

Chicago (Avalon Park) Brick Bungalow.Single-Family Home.Move in condition, with 3 bedrooms, 1½ ba 1,389 sqft and full unfinished basement.Good area - nice home or rental. Taxes $3360Arv $225,000As Is $183,000Repairs 12,000Home Rentals in area $1550-$1700 monthThis Property will produce heavy profits!

Welcome to Chicago Wholesale Deals

Are you looking to Increase your cash flow? You have come to the right Place.

We are Real Estate Wholesalers, who offer “below market” properties for sale.

Our goal is to be “The Best Source Provider” of wholesale properties in the metro-Chicago area, servicing several counties.

We notice that there are a lot of real estate wholesalers out here with excellent deals suitable for rehabbing, and no buyers to buy their deals because of their lack of not being able to properly market to them. We can assist you with this. Just go to http://www.chicagowholesaledeals.com/sellit4me

We also know that there are a ton of investor buyers who want great deals and have not discovered that great place to find them. We atr that Great Place. Go to:
http://www.chicagowholesaledeals.com

We network with rehabbers, contractors and landlord-owners as well.

Let, ChicagoWholesaleDeals.com become your One-Stop-Shop, for bringing wholesalers and buyers together to make a deal.

Chicagoland's greatest provider of wholesale deals for for the true Real Estate Investor.

“We are looking to assign these deals for a quick sale and a fast PROFIT for YOU.”


Thank you for joining our mailing list to receive “below market” deals via email, and we will soon be posting all of the properties to our website.

Cheap Chicago Investment Property - The Best Wholesale Deals On The Planet!!
Chicago Wholesale Property for Sale & Investment.

Thank you and we look forward to working with you soon.

Hot Bargain Wholesale Real Estate Deal in the Hyde Park Area of Chicago

Hyde Park Multi-Unit Wholesale Investment Deal In Chicago. Way Too Good To Pass Up. Click on the followig for this money making opportunity.
Chicago Wholesale Deals

If You Want To Be Notified As Soon As We Get More Hot Bargain Wholesale Investment Deals Like This: Click Here

All About Flipping Real Estate

Buying real estate and selling it again fast, and ideally for a profit, is called "flipping". This type of real estate investing is completely legal and ethical. To be a successful real estate flipper, you will need to .....
For More>>> Click Here

Chicago Wholesale Investment Property. 50 cents on the Dollar

Chicago Wholesale Investment Property-150K instant Equity Position

2-Unit Frame Property, 7 beds/2 baths wholesale deal in Chicago. Thats Right 150K in equity built in.
50 cents on the dollar. What are you waiting for. Move on this right now! Won't last long at this price.

Recently rehabbed, beautiful 2-flat property. Fresh paint, new carpet, hardwood floors and clean.
Needs some minor repairs in both unit bathrooms. drywall repair due to copper theft (5K). See Pics.

Check this out, even with depreciation over the past
few months, these recent closed comparables, same
style, # of brs and baths comp out at $325k-$360K. That leaves $150,000 in instant equity, at least!
we only want $149,000!

For More Info, Go To:
http://napogino.vflyer.com/home/flyer/home/1995610

For More Wholesale Property Deals, Go To:
http://www.chicagowholesaledeals.com

Investment tips for 2008

With all the turmoil in the market today and the collapse of Lehman Bros and Acquisition of Merrill Lynch by Bank of America this might be some good advice. For all of you with any money left, be aware of the next expected mergers so that you can get in on the ground floor and make some BIG bucks.


Watch for these consolidations later on this year:

1.) Hale Business Systems, Mary Kay Cosmetics, Fuller Brush, and W R. Grace Co. Will merge and become:
Hale, Mary, Fuller, Grace.

2.) Polygram Records, Warner Bros., and Zesta Crackers join forces and become:
Poly, Warner Cracker.

3.) 3M will merge with Goodyear and become:
MMMGood.

4. Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will merge and become:
ZipAudiDoDa .


5. FedEx is expected to join its competitor, UPS, and become:
FedUP.

6. Fairchild Electronics and Honeywell Computers will become:
Fairwell Honeychild.

7. Grey Poupon and Docker Pants are expected to become:
PouponPants.

8. Knotts Berry Farm and the National Organization of Women will become:
Knott NOW!

And finally...

9. Victoria 's Secret and Smith &Wesson will merge under the new name:
TittyTittyBangBang

Author Unknown

Your First Real Estate Investment

Making your first real estate purchase, either as your main residence or as a investment, should be profitable and exciting, however it can bea bit overwhelming also. You should follow these steps when starting out in real estate investing.

1. Educate yourself. No don’t worry, I didn’t mean that you need to go back to school, however you do need to take issue for what you need to know, and learn it well. You should know and study the market you’re interested in entering. Use the Internet, local public records, as well as local area real estate agents to find the sales prices of comparable properties (comps). Learn about the whole transaction process, each person’s role and responsibility, the legal requirements, and insurance. Each of these components carries fees that vary, These cost must be included for the total purchase. By researching prices you can avoid losing money.

2. Do you have your financing in place? Get your financing in order. All to often, this is common mistake made by first time investors is to find the property first, then get the financing in place. Before you go out to find that hidden gem, get pre-approved for financing. Decide on a lender by choosing a bank, mortgage company or online loan company. Line up private investors and/or equity partners to Joint Venture with. When talking with your lenders, private or conventional, tell them how much you are looking to do. If conventional funds are being sought, the lenders will gather financial information about you – your income, credit history, liabilities – and give you an idea of how much they’ll finance. This also tells you how much you need to bring to the table, whether it be yours or someone else’s. There are so many different financing choices available today, you’ll need to decide which option works best for you. Financing plans have different variables including different rates, initial cash investment, and tax implications as well as how much is needed monthly and where are these funds coming from.

3. Where do you start to look for your property. Finding real estate that you can make a profit with should not be that difficult but can be tricky. Use the Internet and local newspaper’s “Real Estate” section. Look for abandoned and “For Rent” homes. For Sale By Owner (FSBO’s) online sites are also a good method. Drive around the area you’re interested in and try to find “For Sale by Owner” properties.

4. Time to negotiate. Once the perfect property has been found, you’ll need to negotiate for the best price. Don’t expect that you’re going to steal a property. Sellers are trying to get the most money for their property, and you will be trying to pay the least amount. Negotiating well involves working together with the seller to find a win-win situation, this means what does the seller really need? If you can fix a problem the seller needs fixing, then the purchase price of the house May be a secondary issue. Be aware and sensitive to the sellers needs, be assertive, but plan to make concessions. Inflexibility often causes expensive delays and added stress. Learn to be creative.

Chicago Wholesale Deals
NapoGino Buys Houses
Make Big Money With NapoGino

Is Real Estate Investing for You?

Real Estate investing is one of the most simplistic ways to earn money. With a relatively small monetary investment and some sweat equity, you can turn a substantial profit. The future outlook on real estate investing is positive and constantly evolving.

For new investors, one of the most difficult hurdles to overcome is learning the ropes of the real estate business. Real estate transactions are complicated, and if you are not educated on the ins and outs of the business, you potentially could lose large amounts of money, fast.

Before you get started in real estate investing, spend some time thinking about the best approach for your financial situation, personality, and risk tolerance.
One in four residential homes is bought as investment property. Many real estate investors are regular people just like you who make impressive side incomes. Some people even earn enough to make real estate investing their primary income.

First and Foremost
Is Real Estate Investing for You?

Real estate is an intricate business that involves many different legal, financial, and interpersonal aspects. Are you ready to jump into this complicated business? Think about these essential questions before you make your first move.

1.How much money can you invest?
Investing in the real estate market requires capital. The initial outlay of cash needed upfront to acquire a property may be large or small. However, once you assume ownership of the property, you are legally responsible for the full loan amount. Be sure you can afford to invest by looking closely at your personal financial situation. How much cash do you have? What amount of debt and how much interest can your finances handle? Think about how much you can lose.

2. Are you risk tolerant?
Risk and capital go hand-in-hand. How much risk are you comfortable taking on? A large loss to a small investor has a much larger impact than the same amount to a wealthy investor with deep pockets. While risk-taking can be exhilarating, be honest about your finances and think about the level of risk that will be comfortable to you. Do you naturally enjoy taking chances, or do
you tend to be more risk adverse? It’s essential to success to know your comfort zone.

3. What are your future financial plans?
Are you interested in investing to maintain capital or to get the highest return in the shortest amount of time? Consider the amount of time, money, and risk associated with each scenario. Be logical. A straight 15% profit over a couple of weeks is not realistic. If you are interested in a high return, this usually means there’s a longer time commitment, which means your money will be tied up. The value of property can change quickly, leaving you in a higher risk
situation.

4. Do you have what it takes?
To be successful in real estate investing, you need to be detail oriented, a quick learner, and have excellent interpersonal skills. You need to have the self-management skills required to determine what you need to know, then go out and learn it and apply it.

5. How much time can you spend?
Think carefully about how much time you can commit to the day-to-day tasks required to be successful in this business. In the beginning, you’ll need to spend a lot of time researching and learning about the business. With every endeavor you’ll need to spend time working on legal issues, zoning and town issues, insurance, tax concerns, contracts, market research, financing.
If after considering these questions you are still interested in real estate investment – congratulations! This field is one of the most exhilarating ways to make a living.

Chicago Wholesale Deals
NapoGino Buys Houses
Make Big Money With NapoGino

Bail Out Stalemate. How is this effecting you the Real Estate Investor.

I hope you are doing well. For me, well I'm having a bit of a challenge right now.
With this bail out plan or no plan as the case may be, everything seems to be at a standstill. What should we call this,"Rescue America Bill" or "Bail out The Banks Bill". Some call this "The Invest in America Bill, "The Paulson Plan" Is a Deal or No Deal. I'm so confused. How about you.
I don't really care what they call it, is Congress ever goig to come up with an agreement. If and when they do, how is it going to affect you as. For me as a Real Estate Investor, this is what is happening to me now.

The so called motivated seller seems to put negotiations on hold hoping fore a miracle. Banks aren't lending unless you are willing to jump through numerous hoops, be willing to pay through the nose and can prove you don't need the money. What I crock of bull we need to put up with.

Then of course we have the private money lenders. Mine say thier all tapped out or not willing to let go of it for now. Mean While I will still keep looking for those great wholedealdeals for you.

Thanks for sticking with me. To show my appreciation, go to the link below to download an eBook from a Chicago area appraiser and a good friend of mine,
Jeffrey Knize.

http://www.chicagowholesaledeals.com/ForeandFlips.pdf

Let me know what you think. Please comment below

Subject To And Lease Option Investments

What are they?

Subject To and Lease Options usually go hand in hand, but are completely separate real estate practices. These strategies are glorified buy and holds, with Subject To being the front end (buying) and Lease Options being the back end (leasing and sales). "Subject To" is short for "subject to the existing mortgage." It is a way to control a property by having the seller of the property continue to hold the financing in their name, but give the interest, benefits, and responsibility of the property to the investor. Lease/Options are two separate documents that are used to lease properties out to people who are willing to do more of the roles of an owner and thus receive an option to buy the property at a later date.

Subject To

Pros:

No need to go to a bank for financing
Ability to pick up low owner-occupied interest rates and lower monthly payments
Strong tax benefits
Long-term passive residual income

Cons:

Most deals don't have much equity in them
More complicated documents
Most sellers won't qualify because they are way over-leveraged, terms of their loan are not favorable, or they are not motivated enough to keep financing in their name.
Marketing Advice:

Market in areas where there are properties that have been on the market a long time and lots of houses listed.
Neighborhoods that have newer homes or areas where there is still building going on can be excellent areas to find these deals.
Show credibility with all sellers, but especially with these sellers in order for them to feel comfortable giving you the house but keeping their name on the loan. Joining the Better Business Bureau or local Chamber of Commerce can be great credibility builders. You can also never have enough testimonials from past sellers. Doing honest, ethical win/win deals will help with this more than anything.
Lease Option

Pros:

Ability to get chunks of cash with NROC (non-refundable option considerations)
Long-term wealth building ability
Less tenant management issues than regular rentals

Cons:

More additional forms and education required than regular leases
Tenants who are supposed to be doing repairs to property might neglect them and cause more severe problems
Marketing Advice:

Directional signs at busy intersections near property are very helpful.
A voicemail system to screen possible tenants is a huge time saver.
Large colorful signs with Take One boxes hanging on them are huge.
Use a lockbox instead of showing tenants the property yourself.

Assign or Wholesale ?

Why Wholesaling?

Real Estate is one of the most dynamic markets that is
available for the investor these days. You can make
money from real estate by buying, selling and or
holding the property as a rental. Particularly with the
volatile dynamics of the Real Estate Market, it is
possible to earn of thousands of dollars or more in
profits when buying or selling single family to multi-
family residential units as well mixed use properties.
One form of this real estate business is especially
rewarding when it comes to buying and selling real
estate: This is called “Wholesaling”.

Wholesaling real estate allows you to make money by
contracting to buy the property below its market value
and then selling it to another investor who rehabs it
and then sells it to an end user for their profit.
The important point here is to not take the property
in your name,but rather to just get the resell rights
(option to buy) to the property from its current owner.
Wholesaling for Dollars

As you can be see, wholesaling real estate can be a real
moneymaking business opportunity. There is a great
potential here for you to make money by your contracting
to buy it for a low price and selling it for a moderately
higher price to another investor within a few days.

How quick you can carry out this process will determine
your profit.Thus, you want to turnover (”flip”) these
properties as quickly as possible. This is why wholesaling
is sometimes referred to as “flipping.”
Guidelines for Wholesaling Real Estate

Here are some guidelines that will help when you are
wholesaling real estate.If you follow these guidelines
very carefully, you should be able to make a nice profit.
The best way to practice wholesaling is by looking for a
property that is in some kind of a distressed situation.
For example, people who are about to have their house
foreclosed on is a great opportunity for you.

You should also look for houses which are suitable for
rehabbing. This way the person who buys the house from you
will be able to make a profit As well, by rehabbing it and
then selling it to a retail buyer.

In the sales contract, under “buyer” you should write in
your name and/or Assignee. This will allows you to assign
the property to someone else. Actually, you are selling
the contract. This provides you the ability to move the
property and make a nice profit.

It is important that you do not take the property in your
name. If you close on the property in your name, you will
incur closing costs which in turn will increase your selling
price.You may incur transfer taxes and other closing costs
as well, potentially making it more difficult to to sell the
property. Now you are unable to assign this (contract)
property. You must now go through a sale yourself.

In order to lock up the contract, you will have to give a
deposit “earnest money” to the seller of the property.This
deposit does not need to be a large amount You can give a
deposit as low as $10. Typically, however, $100 is the norm.
This deposit should be held by the closing agent.

Make sure that you allow for ample profit for your investor.
You should not try to make a lot of profit on a single
property. Instead your goal should be to buy and resell
the house as quickly as possible. This way you will be
able to make more money by dealing with numerous properties
in a short period of time.

It is important that you use a title company that is
open to the needs of the investors. Working with such
a company will help you close the house much more quickly
and more efficiently.

http://chicagowholesaledeals.com