All Forum Posts by: Jerry Rojas

Thanks*

...Thanksgiving again for your help Jason!

Unfortunately I don’t have any pictures as I literally made first contact yesterday. Both properties were on the market last year & delisted with no sale recorded which peaked my interest. Dupelex was listed @ 196,000 & triplex wasn’t listed @ ~290,000.

I plan to offer 437,500 all day for both properties, $350,000 w/ 3% down @ 5% interest only 5yr note. Their’s deffered maintinance on the properties, gravel driveways, rents are below market, & I plan to pour 10,000-20,000 in improvements to the property’s within the first calendar year.

All units are fully rented.

HELLO BP! The greatest community on the internet!

I'm reaching out for some guidance and general Q&A for my first deal...

Background; I'm in the FAR West suburbs of Chicago, Illinois 

This is an off market deal and I'm the first person to approach the seller who is selling for the following reasons.

• seller is a tired land lord
• looking to retire and move to AZ
• rental houses are only things keeping him here.

I'd like to structure a seller financing deal and would appreciate any guidance in costs associated, who i need to contact to make this happen i.e. cpa, lawyer, title company, ect..

Thanks all!!