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Updated almost 2 years ago,
Chicago Roseland Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $86,000
Cash invested: $36,121
Brick ranch with 4 bedrooms and 2 bathroom. Finished basement
What made you interested in investing in this type of deal?
Brick ranch property
How did you find this deal and how did you negotiate it?
ClickInvest
How did you finance this deal?
Finance of America
How did you add value to the deal?
Full rehab- adding 2 bedrooms and 1 bathroom to the basement
What was the outcome?
Under construction
Lessons learned? Challenges?
City of Chicago- inspections are behind. Took 4 months to get permits, 3 months for an electrical rough inspection.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
ClickInvest, Frank Montro