All Forum Posts by: Mike Hepburn

Good luck Todd. Wholesaling in the right market is definitely the way to build reserves for buy and hold. What I like so much about it, is we don't have to see the house. We are not buying it, the C buyer needs to see it. Just saying, you can spread your wings outside Michigan.

Hi Jordan No need to spend 6k for coaching and don't even think about spending 10K on marketing with out small tests first.

Everyone wants off market deals, right? I assume that's because they don't want the added commission.

What If; a property is available in same price range as cash buyers are paying in that area?
Shh! don't tell the seller but the investor demands far bigger discounts than a 6% MLS Commission, correct?

What If; we have a contact list of those buyers and know precisely what they are doing right down to average cost per sqft?
Retail Comps always excluded. Skews the results

What If; some additional due diligence is done for them?
1/ Condensed Home Inspection Report.
2/ One Owner Back Title Report.

There is more, please PM for full details.

This strategy can also be applied to Huds and REO's,
neither of which allow assignments or flips.

Foot Note
This is just one strategy in one city.
The ultimate road to success involves multiple strategies, in multiple carefully selected cities. Cherry Picking the best deals in each city. Agree?
Are you up for it? I certainly am, but need a JV Partner.

Just my Favorites below.
Probates, MLS, Bankruptcy, Absentee Landlords, Notes

There is more, please PM for full details.

Hi Jerald

PM me with email and I will send you one. Would love to have friend in Atlanta

One or more JV Partners wanted to Implement one or more of the following strategies:
* Flipping Companies
* Flip Performing Notes, 10% Commission. (Note Commission's are legal, broker license not required)
* Flipping Probates
* Have excellent strategy for wholesaling MLS Properties. Yes you can!

Certain expenses can be shared with a small group, making this plan very cost effective.

You can focus on just one or all of the above mentioned Strategies.

Do you want to Buy and Hold? Cherry Pick the very best, that come into the group.

Have I covered everyone? If not, let me know and I will see if i can pencil in, you and your Strategy.

Training provided for Newbies

For Veteran Investors, lets put our heads together and build an empire

Please PM for further details.

557E 87TH ST, CHICAGO, IL 60619

* Current Tax Assessed value 99K
* Roof 2 years old (Rolled)
* Drywall All Good - No Cracks, No Stains
* Drywalled Basement - Basement Floor Painted & Bone Dry
* Updated Kitchen and Two Full Bathrooms
* Good Standing Tenant - Wants to Stay
(not section 8) $900.00 / month. Very nicely decorated.
* Shopping area just 2 blocks. Target, Walgreens
* Lot Size: 3,125 sq ft
* Bedrooms: 3
* Building Area: 1,114 sq ft
* Baths: 2 (Full)
* Year Built: 1888
* Number of Units: 1 Garage:None
* Number of Stories: 2
* Asking $41,900

Please PM for Full Address, Video and 27 Pictures.
Please review Video, Photos and send Offer.
Must see, very good condition.

Please do not bother Tenant.

557E 87TH ST, CHICAGO, IL 60619

* Sold 14 years ago for 95K
* Sold in 2006 for 150K
* Current Tax Assessed value 99K
* Roof 2 years old (Rolled)
* Drywall All Good - No Cracks, No Stains
* Drywalled Basement - Basement Floor Painted & Bone Dry
* Updated Kitchen and Two Full Bathrooms
* Good Standing Tenant - Wants to Stay
(not section 8) $900.00 / month. Very nicely decorated.
* Shopping area just 2 blocks. Target, Walgreens
* Neighbors Homes, sell 100 to 200K
* Lot Size: 3,125 sq ft
* Bedrooms: 3
* Building Area: 1,114 sq ft
* Baths: 2 (Full)
* Year Built: 1888
* Number of Units: 1 Garage:None
* Number of Stories: 2
* Priced for quick sale
* Guaranteed Clear Title with Policy
* Asking $41,900

Comps:
.12Mi. 512 E 88TH ST 07/21/2014 $200,000 $193 1036 /2/1 1921 3,125 SF
.09Mi. 510 E 87TH PL 06/24/2014 $102,000 $97 1050 /2/1 1926 3,125 SF
.26Mi. 717 E 88TH PL 02/28/2014 $150,000 $154 968 /2/1 1921 3,875 SF
.13Mi. 651 E 87TH PL 02/05/2014 $114,000 $115 988 /3/1 1964 3,000 SF
.20Mi. 456 E 88TH PL 12/09/2013 $95,000 $99 957 /2/1 1923 3,875 SF

Please PM for Full Address, Video and 27 Pictures.
Please review Video, Photos and send Offer.
Must see, looks real good.

Please do not bother Tenant.

***E 87TH ST, CHICAGO, IL 60619

* Sold 14 years ago for 95K
* Sold in 2006 for 150K
* Current Tax Assessed value 99K
* Roof 2 years old (Rolled)
* Drywall All Good - No Cracks, No Stains
* Drywalled Basement - Basement Floor Painted & Bone Dry
* Updated Kitchen and Two Full Bathrooms
* Good Standing Tenant - Wants to Stay
(not section 8) $900.00 / month. Very nicely decorated.
* Shopping area just 2 blocks. Target, Walgreens
* Neighbors Homes, sell 100 to 200K
* Lot Size: 3,125 sq ft
* Bedrooms: 3
* Building Area: 1,114 sq ft
* Baths: 2 (Full)
* Year Built: 1888
* Number of Units: 1 Garage:None
* Number of Stories: 2
* Priced for quick sale
* Guaranteed Clear Title with Policy
* $45,900

Comps:
.12Mi. 512 E 88TH ST 07/21/2014 $200,000 $193 1036 /2/1 1921 3,125 SF
.09Mi. 510 E 87TH PL 06/24/2014 $102,000 $97 1050 /2/1 1926 3,125 SF
.26Mi. 717 E 88TH PL 02/28/2014 $150,000 $154 968 /2/1 1921 3,875 SF
.13Mi. 651 E 87TH PL 02/05/2014 $114,000 $115 988 /3/1 1964 3,000 SF
.20Mi. 456 E 88TH PL 12/09/2013 $95,000 $99 957 /2/1 1923 3,875 SF

Address not in public domain, due to Tenant Privacy.
Limited access due to Tenant Availability - Please do not bother Tenant.

Please PM for Full Address, Video and 27 Pictures.
Please review Video, Photos and send Offer.
Must see, looks real good.
Status: We are taking Title and will be direct seller at closing.
ASKING PRICE
$45,900

***E 87TH ST, CHICAGO, IL 60619
* Sold 14 years ago for 95K
* Sold in 2006 for 150K
* Current Tax Assessed value 99K
* Fully Rehabbed inc. Roof
3 bdrm. 2 Baths & Rented
Please PM request for Full Address, Video and 27 Pictures.
Please review Video, Photos and send Curb Offer.
Asking Just $45,900

* Just starting out?
* Need some help?
* Let us walk you through an entire deal, from finding the best market to the closing.
* Use our Resources and Experience.
1/ Transactional Funding and Verifiable Proof of Funds at 0 points.
2/ Access to Nation Wide Cash Buyer Data Base.
3/ 35 years experience in Marketing and Printing. (Marketing is the life blood of your business)
* Flexible profit sharing, on just one or multiple deals.
* Keeping it Safe - Local Attorney / Title company pays out all disbursements, including profit sharing arrangement.
References available upon request.
Full description of plan available, includes Training Guideline, Benefits, Expenses and Requirements.