All Forum Posts by: Alejandro Arreola

@Michael Wegner 100% I’ll keep you all posted.

@Lucas Carl no major tear downs. Just 3Ok to do major update repairs. I appreciate your advice thank you so much!

@Linda Govan I do not but it’s a mechanic shop so I believe in Chicago it’s an essential thing that can stay open.

@Lucas Carl you think so? I’m running every single number I can. I’m literally nervous working on this second deal.

@Alejandro Arreola I am estimating the ARV with a very similar property around my market which sold this year for $200,000. That property was completely rehab.

@Guifre Mora yes they are all in one place.

@Guifre Mora that amount sounds good but I know it’s going to be hard work doing those repairs. I honestly feel their asking price is too high, but 100,000 a month with repairs sounds good. Out of curiosity how did you get 100,000 a month?

@Derek Hedgespeth I was able to take out a conventional loan. One of the requirements is to put down a 25%. The single family house does not have a garage so unfortunately no their isn’t a market for that. best of luck on your second deal hopefully it isn’t so, complicated like mine.

@Guifre Mora wow 3.72 cash very low. But yes roughly 3k for closing cost. Thank you so much.

@Bill Phillips yes I was thinking about that.