All Forum Posts by: Joel Evers

I know we're in a bit of a buyers market and material costs have gone up, but curious to know what investors are paying for ~1000 sq/ft 4x1 2 story frames with basement, in need of full rehab + additions(1.5 -2 bath) in Avondale?

Here are my calculations: Avondale Flip Quick Analysis
Reno - Adding 1000 sq/ft = $120,000 + update 1800 sq/ft = $90,000 + Buffer = $10,000

Hi @Peter Halliday!

Thanks for the feedback. Here is how I broke it down. Would love your thoughts on ARV given your statement on the "environment". Avondale Flip Quick Analysis

Sales cost - You're correct, although rehabbed, buyers will always seek concessions updated to 2.5%
ARV - Comps pulled 685k,742k,862k,805k (all frames needing additions of 750 sq/ft)
Reno - Adding 1000 sq/ft = $120,000 + Reno 1800 sq/ft = $90,000  + Buffer = $10,000 

I know we're in a bit of a buyers market and material costs have gone up, but curious to know what investors are paying for ~1000 sq/ft 4x1 2 story frames with basement, in need of full rehab + additions(1.5 -2 bath) in Avondale?

Here are my calculations: Avondale Flip Quick Analysis

Anytime!

Hi @William Allen - Hope this helps! 

You can definitely download a contract from the internet, or any number of places you listed but, only as a starting point.  You will want to get advice from a local, investor-friendly attorney to ensure the contract aligns with local laws, meets your business goals and protection requirements.   

There are a handful of signature tools out there.  DocuSign is great.  Hellosign.com allows you to send 5 contracts a month for free. 

All the best to you! 

Hi @Jonathan Klemm!  Thanks for reaching out, and sharing your contacts in the area.  I actually picked up a 2Flat there sight unseen, and wish to assign the contract to a more experienced southside flipper, investor, section 8 property manager.  

Hi Nathan!  

Let me know how I can help.  I have a small GC company and have available workers. 

If you have any experience investing in Chicago's West Lawndale neighborhood I'd love to hear more about your experiences!