Chicago BRRR Deal On Steroids w/ Olympic GOLD Return - 20%+ ROI!

[Sam Amir]

Hi,

My name is Sam and along with my 2 partners, we have a 6 unit solid building with A+ location, on the edges of Pilsen in Chicago (very hot market), under contract. We're looking for an accredited investor with ~$125k to invest wisely as a partner. We will be acting as the property managers and will take care of all the headaches that come from property management and you, as a 100% passive investor, will sit back and collect a check every quarter from the cashflow. But, there's more to this deal than just that. Read below:

Property Description

-Corner building, 6 units consisting of (2) 3 BDR's and (4) 2 BDR's

-Rents are WAY under market

-The building needs some TLC, but nothing major 

-Few blocks from main street with grocery and shopping

-Few blocks from the 'L' and Metra stations

-Next to Pilsen, where property values have skyrocketed within the last few years

-On a boulevard similar to Logan Square and Humboldt Blvd. (has about 50' of green area in front of building)

With your investment of ~$125k, we will rehab each unit, BRRR style,, raise the rent to market rent and refinance within 9-12 months. Once refi'd we will be able to pay you back your initial investment, plus an additional 8% return on your investment on top of that. You will also have 50% equity of the building. Here's a quick overview of the numbers:

Purchase Info

Purchase Price: $370k

Rehab LOC from HML: $60k @ 13% interest (will withdraw as needed)

Total Project Cost: $430k

Hard Money Loan: $284k @ 13% interest (80% of total project cost)

Investment Needed

Down payment:  $86k (20% of total project cost)

Closing Costs: ~$15k

Cash Reserves: ~$25k (Need to account for negative cashflow while rehabbing)

Total Investment Needed: ~$125k

If this is something you would be interested in, please message me and let's discuss details. I have a pro-forma, presentation and all legal documents ready to go. Let's talk numbers!

I appreciate your time and consideration.

Thanks,

Sam