All Forum Posts by: Jonathan Wheeler

I've spoken to a number of lenders in this space over the last few days and confirmed that to be the case.  If 100% of non-QM hasn't disappeared overnight, 98-99% has. I guess the silver lining is that many of these lenders expect it to resume as quickly as it disappeared if and when market conditions stabilize from Corona.  

Can anyone suggest a lender who might do a second position HELOC that verifies income for a self-employed borrower using business/personal bank statements or stated income instead of tax returns? This is for a primary residence in Illinois.

Hey @Sunil Sharma

Our company, Grey Street Acquisitions, LLC is based in Bartlett and actively wholesales in all the areas (western, northwest and south suburbs) you mentioned. Please reach out to me with your email and we'll get you added to our buyer list. Thanks.

Email [email protected] for more info/to schedule a viewing.  

See link below for more info/photos

https://www.greystreethomes.com/so/05MSoax0k#/main

If you have a deal under contract but are struggling to find a buyer, we can help!

Whether you're just getting started (newbie) or an experienced wholesaler, Grey Street Acquisitions, LLC wants to partner with you to get your deal sold!! GSA LLC is an experienced wholesale company, that has done dozens of wholesale deals all over the Chicago suburbs. Many of our deals sell the very same day we put the property under contract and they sell at or above full ask price! Some of our assignment fees are crazy lucrative and are more than many people make in an entire year!!

Our company is experiencing rapid and explosive growth and we NEED more deals to keep up with the demand of our Investor Network who rely on Grey Street as a source of great deals. Our buyers are ready to buy NOW!

Why should you JV with Grey Street? Here are just a few reasons:

When you JV with us you keep 70% of the net profits (not 50/50 like the others)!!!

We can sell your deal in 5 days or less!!

We have over 800 active cash buyers in our network (local, out-of-state and international)!!

Our deals sell fast and for top dollar!!

If you’ve never closed a wholesale deal we can walk you through the closing process!!

We have an attorney and title company that knows and understands wholesale deals!!

We specialize in the Northwest and Western Suburbs (Kane, DuPage, western Cook and surrounding suburbs) and many of our deals are in desirable areas like, Wheaton, Elmhurst, Arlington Heights, Bartlett, St. Charles, Villa Park, etc. and recently expanded into the south suburbs like Country Club Hills, Hazel Crest, Markham, etc. (Sorry, but we don't do deals in the city of Chicago).

If you're an active wholesaler with a deal or deals under contract in any of the areas mentioned above and want your deal sold fast and for top dollar, reach out to us today at [email protected]

Just reduced the price by $10,000.  Buy this property now for $215,000 cash!

See link below for pictures and additional info.  

https://www.greystreethomes.com/so/37MRK_Hq4#/main

Contact us at [email protected] or (630) 965-2474 to schedule a viewing.  

Vacant Off-Market SFR ranch in great neighborhood of Markham! Property has been well-maintained and is in good condition overall. Only needs cosmetic rehab.

4 Bedroom, 1 Bath, 1,481 SF, 1.5 car attached garage.

Property works as either a Rental or Fix & Flip! House has hardwood floors, spacious kitchen and bonus family room. Roof and siding are in good condition.

Property is now vacant.  Viewing by scheduled appointment ONLY

Price: $44,000

ARV: 95,000

Market Rent: $1,800/Mo

Section 8 Rent: $2,270/Mo

Taxes: $5,288

LINK TO PICTURES: 16123 Spaulding

Recently Sold Retail Comps within 1/2 Mile

3759 W 162nd Pl, Markham, IL 60428

3 beds 1 bath 1,392 sqft

SOLD: $100,000 on 02/21/18

*1 less bedroom

16353 Sawyer Ave,Markham, IL 60428

3 beds 1 bath 1,150 sqft

SOLD: $85,000 on 03/02/18

*1 less bedroom, not rehabbed!

16251 Homan Ave,Markham, IL 60428

4 beds 2 baths 1,060 sqft

SOLD: $95,000 on 04/05/18

*Not Rehabbed

Closing is scheduled on or before November 16th at ATGF. Buyer pays ALL closing costs including title insurance, title company fees and transfer stamps. No survey provided. Taxes prorated 100%.

*Brokers Welcome! Add your commission to the price.

This is a wholesale deal. Property is being sold as-is, where-is. All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions, either made or implied. No survey provided. Buyer shall conduct own due diligence prior to contracting. Property is to be sold to CASH buyers only. To secure purchase, Buyer must deliver $2,500 NON-REFUNDABLE deposit w/signed contract. Asking price above includes original contract price and assignment fee.

Contact Jon for more info at (630) 965-2474 or [email protected]

Off-Market SFR in desirable Lombard. Close to Metra (1 mile), expressway, Prairie Path and downtown. Top rated schools! Mostly cosmetic rehab including new roof. Finished basement with additional bedroom makes this house a 4 bedroom, 2 bath.

Quick closing required! Cash ONLY

Price: $185,000

ARV: $325,000

3 + 1 Beds 2 Baths 1080 Sq. Ft.

Year Built: 1951

2017 Taxes: $5500

Finished Basement w/ bedroom, bath, laundry area fireplace

2 Car Detached Garage

LINK TO PICTURES: 

Sold Comps:

573 S Park Rd

Lombard, IL 60148

3 beds 2 baths 1,024 sqft

SOLD: $316,000 on 04/30/18 (Recent rehab)

928 S Grace St

Lombard, IL 60148

3 beds 2 baths 1,135 sqft

SOLD: $321,000 on 06/13/18 (Recent rehab)

345 S Highland Ave

Lombard, IL 60148

3 beds 2 baths 1,241 sqft

SOLD: $330,000 on 09/17/18

Closing is scheduled on or before October 31st. Buyer pays normal "buyer side" closing costs. Taxes prorated 100%.

*Brokers Welcome! Add your commission to the price.

This is a wholesale deal. Property is being sold as-is, where-is. All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions, either made or implied. Buyer shall conduct own due diligence prior to contracting. Property is to be sold to CASH buyers only. To secure purchase, Buyer must deliver $2500 NON-REFUNDABLE deposit w/signed contract