Worth $1M, Must Sell $520K, "Owner will Finance or JV" (Chicago's Ravenswood Manor neighborhood)

[Wendell De Guzman]

The average comps in the neighborhood is $1,065,000

Rehab amount based on detailed Scope of Work is $150,000

Your acquisition price: $520,000

"Owner Will Finance" means we have a rehab loan in place and we're looking for a GC/ rehabber that can put the 20% downpayment and pay for the carrying costs (see below). Your total cash needed is about $190K and profit potential of the deal is $250K! See below.

"Owner will JV" means we're looking for a rehabber/ GC who can put down $95K (50% of the  cash needed). You do the work, we split all the costs 50-50 and we split the profit 50-50.

Send me an email at [email protected] if you want to buy or Joint venture on this "once-in-a-lifetime" deal.