All Forum Posts by: Jaime Frausto

Investor from Joliet area . Welcome

Seems a little high but make sure u get 3 estimates. Also ask them about how many hours do they anticipate. That way u have an idea of price per hour to compare , buy me in Illinois suburbs its bout 65$/hr. Good luck

What kind of cap rates are you getting in north Chicago?

She is doing u a favor.

Paying closer attention to vacancy rates before u buy for hold is super important. Good luck

Hey Jake, thanks for your service. I too invest in joliet. Flip and buy and hold, look me up when your back home and you'll never know ,

what area  ?  a b c d?

Other option is to get into commercial 5 units and above, which in this case the deal is based on the property how it performs.

Just a quick note. It's very common for cap rates to be much lower in more desirable areas such as A and B+ properties. I would guess 3-5 %. Verses 10%-15% plus for C, D properties.

Hello I have a potential customer that has been approved for a Short sale on his current home.  (he is upside down big time- owes $220K worth $105 ) and has $15K to put down on a house.  I am looking into purchasing a home to sell to him with a lease option for 2years.  My question is does the rent that he gives during the 2 years does it come off the agreed sale price or is the rent just straight income to me?

Any advice is appreciated.