All Forum Posts by: James Ihssen

The MLS of Illinois is not comprehensive as far as NWI is concerned. I would suggest a separate

Realtor for that area.  Best of luck!

The house next door went contingent last week.    This is a great opportunity for someone!  Please reach out to me if you know anyone who may be interested.  I will pay a referral/commission.

The house next door is listed for 485k. The address is 256 sunset Glen Ellyn il. 

i am interested.  Cash offer, quick close, get in touch asap I am very interested!

[email protected]

630-870-9479 cell

Magnificent & Grand Historical House with many details of historical and architectural significance! This house boasts over 1620sf of living space on two full floors not including the finished space in the full basement. Basement Details include custom trim & flooring, a Full Bath, and a separate Outside Entrance. There is a large Family Room on the first floor with a Fireplace, wall to ceiling windows, and doors to the screened in porch, a great place to relax and enjoy this very special location. Sunny Spacious Second floor boasts 3 large bedrooms and a full bath. There is a balcony which provides amazing views in your park like yard as you overlook the neighborhood. Spend some time admiring all of the details of this house and you will fall in love! HWF Throughout! Very Coveted and Desirable Extra Large Corner Lot just a block from Sunset Park. Just blocks to Downtown, the train, library, shops, & fine dining. With a slight polish this house can be restored to its former glory!!

Listing Information Pops up in a new tab

Get in touch if you want to take a look. Call/txt/email 630-870-9479 or [email protected]

I have a great flip property coming to market in Glen Ellyn blocks from downtown and just a block from Sunset Park. I will be listing it in the mls within a week. Price will be 369k with an ARV in the low 500s (489k being super conservative I believe). Property only needs cosmetics, mechanicals updated, and some exterior work (for the most part). Get in touch if you are interested.

Congratulaions @Patrice Boenzi for getting your property under contract!!

Hello, 

Is this property still available by chance?  

Did you ever make any investments?  It is much easier to invest in your own 'backyard' than in other parts of the country, especially as a new investor.  

Nothing beats being able to hop in your car, take a short drive and put 'eyeballs' on your investment.  

People spend so much time chasing deals in other markets.

There are deals to be had in this market!

When I think about deals I think of two different "Forces" affecting the market.  You have macro  forces that you cannot control but can be aware of (ie, economic cycles, housing crashes, etc.) but what most people almost always forget about is the other market force.  The Personal Force.  These are the opportunities created due to changes in family situations, marriages and divorces, job losses and gains (on an individual level) and so on and so forth.  These are where the real deals are to be had in any marketplace. 

Deals can be found due to 'Personal Forces' in any market.

I would suggest that you pick a specfic area and become a SME, subject matter expert.  Learn that area like the back of your hand and make that your 'stomping grounds'.  

Millions can be made from investing in only a few blocks of properties!!!

Good Luck!!

Typically in BRRRR if you do not have the cash upfront to purchase the property outright, you would use Hard Money for the acquisiton and the Cash Out Refi would be your exit strategy. That would put long term (affordable) financing into place that would effectively allow you to generate the cash flow once the property is rented.

If that does not make sense let me know.  The beautiful thing about successfully implementing this stratey is that someone with a little bit of cash could use it over and over again to build a nice rental portfolio!  That is exactly what I am doing! 

Best of Luck to you!

@Scott McCarty  Did you ever close on this deal?  That seems like a lot of work for a rehab project unless you have a lot of experience.   Thanks for the update!