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Updated over 8 years ago on . Most recent reply

User Stats

135
Posts
34
Votes
Roman Pak
  • Investor
  • Arlington Heights, IL
34
Votes |
135
Posts

Getting ready to do my first solo deal

Roman Pak
  • Investor
  • Arlington Heights, IL
Posted

Over the last several months I've spent a significant amount of time reading books, BP forums and almost anything I could get my hands on, to prep myself for my Real Estate journey.

I've finally lined up a hard money lender that is willing to work with me on doing a flip in the north Chicago suburbs. They are requesting that we do the deal and split all profit 60/40. They get the 40. They are willing to lend me up to $80K with cost of rehab included.

I have a great real estate agent lined up and have several options for RE attorneys.

Does anyone have any recommendations or insight on doing a deal like this?

Most Popular Reply

User Stats

135
Posts
34
Votes
Roman Pak
  • Investor
  • Arlington Heights, IL
34
Votes |
135
Posts
Roman Pak
  • Investor
  • Arlington Heights, IL
Replied

UPDATE:

Lots of things have happened since the last update. The new bathroom was dormered out, plumbing was installed, granite coutertops went in, tile went in. The entire house has been taped and mudded, painter has come through for primer and first coat of paint, and today the floors are being done. Here are a few pics.

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