Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

User Stats

122
Posts
26
Votes
Mike Hepburn
  • Flipper/Rehabber
  • Toronto, ON
26
Votes |
122
Posts

FREE House Chicago - Buy 5 Get One Free - Need To Close Tomorrow

Mike Hepburn
  • Flipper/Rehabber
  • Toronto, ON
Posted

Sounds crazy but this is a legit deal. I am co-wholesaling this. I don't think we are going to make it by Friday. That was the plan this past Monday. I got this today.

S. Emerald Ave. Chicago, IL 60621  2 Units. Free, if you buy the other 5, 3 of them need no rehab @ 48c on the dollar.  (Need to Verify)

Rehab 55K - Assignment Fee 5000.00 - Taxes 7000.00 - Water $4500 - ARV $220,000

Buy 5 Get One Free
Cherry Picking Also Allowed

OK, so here's the deal. The current buyer dragged this deal out for over 2 months, then failed to perform. The sellers are desperate.
Trust me....... this one gives a whole new meaning to 'MOTIVATED SELLERS'.
One has a medical emergency that needed to be taken care of weeks ago, plus there are some back taxes and water bills that need to be paid ASAP.
BUT.............. Even after all of the Fees, Taxes, Water Bills, and the actual ridiculously low purchase prices are paid, you're still getting this package at only .48c cents on the dollar! 

CHERRY PICKING ALLOWED

Purchase $283,600.00
Rehab $60,000.00
Assignment Fees $25,000.00
Back Taxes Due $6,500.00
(Need to verify these numbers)


PAID BY SELLER
City Water bill due $1,250.00
Back Taxes Due $6,500.00
BUYER'S TOTAL COST $ 368,600.00
TOTAL ESTIMATED VALUE $ 761,000.00
LTV% 48.43%

PM me and I will send you a direct link