All Forum Posts by: Chris Varsek

this would be an investment as a vacation home

Anyone have an excellent lender in WI that we can use for a condotel condo purchase?   20-25% down is not an issue, and neither is credit or income.  Having issues finding someone to work with us!

Racine is a great pocket for cash flow, and has tremendous appreciation upside.  many of the large corporate footprints have rebounded strongly from the 2007 recession.

That's a great return, even if the process was painful.  Congratulations on a successful transformation

IMHO - interview tradespeople, lenders, and realtors.  Those would, without a doubt, be the first people on my team.   The lender helps get your finances in order, the realtors can walk you through areas to invest in, and the tradespeople need to know the permit laws in those areas.  

Hey Shawn - where in Chicago are you?  I am dual licensed IL/WI and work the northern part of IL and SE WI.  Happy to connect with you!

We generally budget 7500 for a modest bathroom

Hi Alicia - I live in Gurnee area, and work all those areas. I'll take a look on the MLS and in our brokerage (we have 150+ agents in the area), feel free to shoot me a text or email

One consideration is that mobile homes are not considered real estate in Il, they are personal property.  While you may get to live for free, depreciation is unlikely and holding costs are high with park fees. If you do it, I’d write in a lease to own option for your roommate so you can live free, and have an exit strategy  

check out Nicks appliances!   I source out equipment there all the time