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Updated about 13 years ago on . Most recent reply

User Stats

25
Posts
1
Votes
Drew Friestedt
  • Developer
  • Chicago, IL
1
Votes |
25
Posts

Got another one today!!!

Drew Friestedt
  • Developer
  • Chicago, IL
Posted

SFH 5BR.4.1BA in a great area - renovated and expanded in 2000 - Buy for $355,000, worth $575,000, putting $25K into it! Have not see the inside yet. Last one we did in this area was good! made 69K net net net in 103 days - was a 20% return on cost. And these returns do NOT add back commissions - they are net of commissions, carry, etc..

We expect this new one to be even better.

It has hair - defendant represented by a chop shop law firm, so they will extort us - but we planned for it. We have a good video of this one. We'll post it in the coming days if people want to see it.

Most Popular Reply

User Stats

1,029
Posts
380
Votes
Jake Kucheck
  • Residential Real Estate Agent
  • Costa Mesa, CA
380
Votes |
1,029
Posts
Jake Kucheck
  • Residential Real Estate Agent
  • Costa Mesa, CA
Replied

The same owner that spoke with you prior to auction is now litigating to stay in the home? What was the nature of your conversation prior to buying it? Also, what do eviction timelines look like in Illinois? I hope they are better than in CA...

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