All Forum Posts by: Sean B.

I have found a couple of threads on the topic, but looking for any success stories with this strategy.   Looking at a deal right now with the following:

• $110K owed on property
• $160K as is
• $35k Updates and repairs for ARV of $235K

Seller is short on cash and can't afford the updates.   Any thought on execution would be greatly appreciated.

@Wendell De Guzman Is this something you guys would be interested in?

NOW $320k

6548 N Harlem Ave, Chicago, IL 60631

$250k

MORE PICS HERE!

4 bed /2 bth 1988sf.

Rehabbed SFH in area range from $650k-800k

Solid structure interior gut job. 

$340K   2003 home offers 5 bedrooms, 2.5 bath, with approximately 2725 square feet of living space, and an attached 2 car garage. The home is situated on a 0.17 acre lot with a fenced backyard. LARGE OPEN FLOORPLAN This is a great home with generously sized bedrooms, two story foyer, and wood flooring. The home has a bright and airy feel that can be improved with a few cosmetic updates.  340 N West Rd, Lombard, IL 60148 $542K 6/16//421 S Martha St, Lombard, IL 60148 $630k 6/15//250 Churchill Ct, Lombard, IL 60148 $510k 3/14.   MORE PICS.HERE

Taxes= $10,544.39

More pics here

Short distance to downtown Chicago and Midway airport.

Wholesale opportunity.  6bd 3.5bth Victorian with many updates. New windows, new Roof. 3 fireplaces. Hardwood floors. Almost an acre steps to forest preserve. 

Est. After Repaired Value:$680,000 

Asking Price:$300,000

Est. Cost Of Repairs:$100,000

Est. Profit Potential:$280,000

Sold comps run $200sf in the area.

Hey Guys,

Looking for a referral of an attorney who specializes in the Illinois land trust.  More importantly one that is schooled on a non-institutional private land trust that does not involve a title company or bank.

Any referrals would be greatly appreciated!