All Forum Posts by: Joe Mende

I've done several flips in the Chicagoland area with my team. We're looking for investors who want to do a JV with us because we want to scale the number of homes we're flipping. We also work on buy and hold multifamily. We have an interesting model there...please let me know if you're interested!

Off Market Deal:
8 Unit, Mixed Use For Sale
VALUE ADD Humboldt Park, Chicago Illinois
NOI: $88,404
Entry Cap: 6.8%
(4-2 Bedroom/1 Bath)(1-2 Bedroom/2 Bath) & 3 Commercial Spots

- If you are interested we are doing showings Thursday 4/27 and I can add you the schedule

 Hey Jonathan!

I ended up going with Chicago Title out of Orland Park, hoping to close this week! 

That being said, do you have any contacts you recommend for repairs? Such as a handyman, electrician, plumber, hvac etc? The property is in Oak Lawn, im trying to build a team out there, thanks!

Hi @Hafeez Shaka - I've got a solid attorney that works directly with the investor title company.  Feel free to shoot me a message for contact details.

@Sam Hudacek - I always say I dont "recommend" any handymen because none of seem to stay consistent over time, but happy to give you a few numbers of guys we have used that do a decent job.

Hello! I'm here to tell you about an exciting investment opportunity. We are proposing to build an additional 2 units in this 6 unit multi-unit apartment building that is located in a highly desirable area with high demand for rental units.

The building features modern amenities and attractive rental units that will appeal to a wide range of tenants. We have already gotten the property under contract and are working on securing the necessary permits to move forward with the construction. I will be working on the construction myself as I have my own construction crew. The architect is ready to begin work on the project.

Our projected return on investment is an impressive 15%. We have already secured financing for the majority of the project, but we are now seeking additional investors to help us reach our goal. We are confident that our project will be successful and will offer a lucrative return on investment.

We invite you to join us in this exciting venture and to reap the rewards of a 15% return on investment. 

More info on the building and financials can be provided.

Thank you for your time and consideration.

can anyone here recommend a real estate attorney in chicago. i appreciated

Love this @Bolanle Ogunmakin!  Diving in head first into the Atlanta market.  Excited to branch out of Chicago and get the party started.

Any other rockstar Atlanta investors, agents, or lenders we should connect with?

Avondale is a great area! I would recommend cosmetic rehab if possible, this tends to provide the highest ROI especially when you are hiring out a third party GC to run the gut rehab who marks up the price. For a simple cosmetic rehab you can hire contractors yourself and there is a lot less to go wrong. What to do: Quartz kitchens, white cabinets, white tile, stainless appliances and vinyl floor is really all you need to rent for high prices/brrr. This is what I did for my 4 unit and ended up being able to refi out over 100% of what had in the property.