Intro Post - Chicago Commercial Property Manager

[Dan Audino]

Hello BP!

In 2025 I plan on purchasing my first home. Hoping to go down one of two paths:

1- Buy a condo or small single family home and build equity and create value with my maintenance/construction background.

2- Find a cash provider to do this on a larger scale with a 3-5 unit building. 

Looking to learn more about seller financing, the art of the deal as well as connecting with like minded investors in Chicago and beyond!

Thanks,

Dan Audino

[Dan Audino]

Paul, appreciate the questions!

1-The goal wouldn't necessarily be to eventually to rent it out, main goal is to build equity and create value. Put $10-20k into the place and create $40-50k of value and then refinance or sell. Kicker is I don't have to sell, I would simply be happy with not renting anymore and continuing to build equity.

2-Correct purchase and renovate a 3-5 unit building. I wouldn't be opposed to having a little skin in the game (closing costs, inspections, etc) I would be living there paying market rent and doing the improvements myself. The terms would be quite lucrative for the cash provider, they would be looking at a 30% return on their $$ in 2 years*