All Forum Posts by: Ryan Duffy

Hello, we are looking to sell our SFH in Matteson, IL. Great tenant already in place and they're renewing for another 12 months at $1475/month... this may be bumped up another $50-$75 depending on negotiations. The home needs about $7-8k in roof and chimney work and I we have signed quotes for these services. Average comp / ARV for this area is $125-130k so you'll have instant equity and roughly $500-600 in monthly cashflow. Need to move quickly. Thanks!

Unfortunately, I must agree with most of the reviewers here... I would not recommend doing business with Mack Properties at this point. We bought a place from them in 2012 and things seemed great. The 2 employees we worked through were extremely communicative and trustworthy, but they left (along with many others) and things are much different now. When the house is actually rented, cash flow is strong - about $1500/month for a $115k house (although it's probably only worth about $85k today). However, Mack's service is very poor. It takes them 2-3 weeks to respond to a simple email, on average. Also, they directly employ their maintenance/construction crews so refresh fees seem much higher than industry averages. All of that plus their tenant replacement fees and monthly management costs eat into profits. We've been in the red the majority of the year. When we originally entered into this partnership, we were very optimistic with hopes of buying a bunch of properties from Mack, but they appear to have too many operational issues so our money has gone elsewhere. If there are any current or prospective Mack clients with a different opinion and you are interested in adding a new home to your portfolio (currently rented), contact me! Thanks, -Ryan

Hi @Kenny Pyatt - I'm in a similar situation and also live in Nashville. Would love to network with you.  

Ryan

Hi @Leo K., thanks much. I'd like that. Let's connect. 

Hello! Glad to be here and I'm looking forward to meeting other like-minded folks who I can learn from. I'm experienced with single family units but very interested in learning how to get into multi-unit/apartment opportunities. Primarily experienced in the Chicago, Philly/NJ and Nashville markets but would love to expand those horizons. Open to all ideas and partnerships. Thanks!

Ryan