All Forum Posts by: Larmon Cummings Jr

@Choeun Park

Hello, and welcome to the BP Community. I am a full-time agent/wholesaler and I also rehab. I focus primarily on the south side of the city along with the surrounding south suburbs. I have been in the business about 4yrs or so, and I have learned a lot from people not only on this site, but also from attending a lot of networking events over the years. If I can help in any way feel free to reach out and I will do my best to either assist you, or at least point you in the right direction of someone who can. I strongly believe my business has had the success that is has largely due to me passing the knowledge that I have on to others, especially newbies, and for that I continually receive blessings on top of blessings. Let me know how I can help you. In the meantime, good luck, and look forward to seeing you around the site. Be blessed.

@Stephanie Lewis

Let me start by saying that I always encourage newer investors to get their license, and here are a few reasons why....First, if you are going to be in the business, consider the license as a valuable tool that you will use in your business to create more business. Yeah, your initial focus may be to wholesale, but sometimes you can get some slow periods in wholesaling, so being able to take on clients and get the commissions from sales will help cushion those slow periods. Once you start to get your name out there, you will get family, friends, neighbors, etc. who may need your assistance and with the license you will be able to help them and generate revenue for your business. Secondly, when you get licensed you learn how to do business the legal way, and by my constant encounters with some of the wholesalers/investors doing business these days, its clear they never learned what the actual laws are. Since it seems as if you are new to the business, you don't want to set a bad reputation for your name by doing bad business. That is the surely the best way to hinder your business's growth before you even get going. Lastly, but certainly not least, having a license allows you to pursue properties listed on the mls. As a licensee, you can ethically wholesale properties on the mls, which they won't teach you directly in the licensing course, but with the license you can team up with a mentor who can show you how to do this. As an investor, and especially wholesaler, you will want to put in lots of offers, and sometimes this can be a challenge trying to find an established agent to do this for you. With you being licensed, you can get access to listed properties, draft and submit your own offers, all without having to work around someone else's schedule. There is so much value in that alone that I cannot stress enough here. Someone mentioned the fees associated with carrying a license on a annual basis, and yes, these can run around $2-3k/yr. If you are unable to generate at least $3k in revenue in an entire year, then the license definitely is not the problem. I am in the Chicago market, but always available to help within my capacity, so feel free to reach out. Good luck, and see you around the site.

@Stefan Grant

Hey, welcome to the site, and congrats on getting your license. You will find some very good resources here on the site, so take advantage and pass along your knowledge to others and the blessings will pour into your business. I am an investor out in the Chicago market and I do a variety of things. I see you plan on doing some wholesaling, so if I can be of any assistance feel free to reach out. Good luck, and see you around the site. 

@Audrey Cranmer Moini

Welcome to the BP Community. I am in the Chicago market, so if you ever need anything out this way that I can assist you with feel free to reach out. In the meantime, nice to meet you and good luck. See you around the site. ;-)

Hey BP Community,

I am currently a licensed RE agent in IL and am looking to expand my business into NWI starting the beginning of next year. I will be taking my state exam next month since there is reciprocity,  and am looking for an investor friendly brokerage to hang my license with. Any suggestions? I am seeking a brokerage preferably with a flat fee per transaction business model similar to my current managing broker. I have no intentions on being a traditional broker, and do not want a broker that will require me to put in office time, attend office meetings, etc. I am currently an IN resident near Hammond-Highland Area who primarily works remotely, so being required to be in an actual office wouldn't fit what I am looking for. If you know of any brokerages with a flat fee per transaction or 100% commission, maybe a monthly fee, set annual fee for E &O coverage, then that is something I would be interested in checking out. I primarily wholesale properties in addition to rehabbing, so if the brokerage is not familar with these strategies, or has biases against said strategies, then we would not be a good fit. Last year I did about 15-20 retail transactions, this year I am on pace to hit close to 50, so I do generate a decent amount of business. If anyone knows of a good fit please let me know. Thanks in advance. 

Dropbox Link To View More Pictures: 

https://www.dropbox.com/sh/j0l46dr7a5ud4sl/AAAqFC9...

Here is a new off-market property that I want to get rid of quickly. You can rehab it and sell it retail to a homeowner or you can renovate it for cash flow as a rental in a good neighborhood. It sits on a quiet block in a desirable location near metro lines & public transportation, major expressways, up the street from new Pullman Area developments, which all are good for job availability. If you look at the CMA, a property on the same street located at 321 E. 107th St., it sold for $61k "as-is" , so this property is in better condition than that one and you're getting it for a cheaper price. That same property was rehabbed and listed for $169k and went under contract in under 2 weeks!!! This area is hot and lots of pre approved buyers are looking for newly rehabbed homes. Not sure how long this one will last, so if you're interested let me know as soon as you can. Thanks

Address: 216 E. 107th St. Chicago **Rosemoor Area**

• 3bd 1ba
• Brick Raised Ranch
• 2ca garage
• 1,040 sq.ft/ Lot 3,125 sq.ft
• Full Finished Basement
  • Add bed/bath for maximum resale value

Asking: $60k + Buyer pays ALL closing costs (transfer stamps, title insurance, title company fees) **Make me a serious offer and we can discuss it further**

ARV: $169k

Repairs: $55-60k for flip, $25-30k for rent

Potential Rent: $1,400/mo

Link To CMA:

http://cloudcma.com/pdf/d104c120773735434b1ed0ef55...

ACT FAST, THIS WILL NOT LAST LONG!!! THE FIRST ONE WITH A SIGNED CONTRACT AND EARNEST MONEY GETS THE DEAL!!!!

We have equitable interest in the property and we are selling our contract.

Cash or private/ hard money only. We have lender referrals ready to lend- contact us.

We also have contractors that are licensed, bonded, and insured ready to give you a free quote today.

Buyer pays ALL closing costs which include transfer taxes, title insurance, and title company fees.

Buyer will receive taxes prorated at 100% with a free and clear title. Property being sold "As-Is" with no warranties by Seller.

Please do all of your inspections and due diligence up front before contracting. Feel free to drive past but do not disturb occupants.

Realtors add your commission to the price.

Proof of funds required for viewing.

Do you know someone that would buy this deal?? Please forward this email as we do compensate generously for referrals.

If you have a property you want to get rid of, want a quick sale, and need a buyer-contact us today.

For showings email: [email protected] or text (708) 304-3129

Dropbox Link:

https://www.dropbox.com/sh/67buvto9mftti9l/AABrCyb...

Here is a turn-key off-market brick 2-flat in the very hot Woodlawn Area. It sits minutes away from Lake Michigan, University of Chicago, public transportation, planned Obama library, and the list goes on! Don't miss the opportunity to generate cash flow right away, or renovate it to achieve great returns as seen from the comps close by-the choice is yours! Not sure how long this one will last, so if you're interested let me know asap. 

6040 S. Eberhart Ave.
Chicago, IL. 60637

-Asking: $149k **Make me a reasonable offer and lets talk**
-2bd 1ba --Unit #2 ($1,220/mo -CHA Payment)

-3bd 1ba --Unit #1 ($1,276/mo -CHA Payment)

                                         $2,496/mo Gross Rent!!!

-Tenants pay own utilities

-Property recently renovated

CMA Link:

http://cloudcma.com/pdf/26c11f8c0d2606800ce3a82c09...

ACT FAST, THIS WILL NOT LAST LONG!!! THE FIRST ONE WITH A SIGNED CONTRACT AND EARNEST MONEY GETS THE DEAL!!!!

We have equitable interest in the property and we are selling our contract.

Cash or private/ hard money only. We have lender referrals ready to lend- contact us.

Buyer pays ALL closing costs which include transfer taxes, title insurance, and title company fees.

Buyer will receive taxes prorated at 100% with a free and clear title. Property being sold "As-Is" with no warranties by Seller.

Please do all of your inspections and due diligence up front before contracting. PLEASE DO NOT DISTURB TENANTS.

Realtors add your commission to the price.

Proof of funds required for viewing.

Do you know someone that would buy this deal?? Please forward this email as we do compensate for referrals.

If you have a property you want to get rid of, want a quick sale, and need a buyer-contact us today.

For showings email: [email protected] or text (708) 304-3129

#ChicagoWoodlawnArea#Chicago#ChicagoSouthSide#ChicagoSouthSideTurnkey#ChicagoWholesale#ChicagoSouthSideWholesaleDeals#TurnkeyChicago#Chicago2-flat#HydePark#WholesaleDeals#ChicagoDeals#ChicagoMultiUnits

Dropbox Link To View More Pictures: 

https://www.dropbox.com/sh/uc2xvuxr0zd55kk/AAAefb-...

Address: 9530 S. Yates Blvd. Chicago, IL. 60617 *South Deering Area

• 3bd 1ba
• Brick Townhouse
• Full finished basement
• Property recently remodeled

Asking: $65k **Make me a reasonable offer and lets talk**

ARV: $80-90k

Recent Sales Nearby This Year:

1) 9822 S. Yates --$79,500 Sold 9/2017

https://www.zillow.com/homes/9822-S-Yates-Blvd,-Ch...

2) 9840 S. Hoxie Ave. --$94,900 Sold 9/2017

https://www.zillow.com/homes/9840-S-Hoxie-Ave,-Chi...

ACT FAST, THIS WILL NOT LAST LONG!!! THE FIRST ONE WITH A SIGNED CONTRACT AND EARNEST MONEY GETS THE DEAL!!!!

We have equitable interest in the property and we are selling our contract.

Cash or private/ hard money only. We have lender referrals ready to lend- contact us.

Buyer pays ALL closing costs which include transfer taxes, title insurance, and title company fees.

Buyer will receive taxes prorated at 100% with a free and clear title. Property being sold "As-Is" with no warranties by Seller.

Please do all of your inspections and due diligence up front before contracting.

Proof of funds required for viewing.

Do you know someone that would buy this deal?? Please forward this email as we do compensate for referrals.

If you have a property you want to get rid of, want a quick sale, and need a buyer-contact us today.

For showings email: [email protected] or text (708) 304-3129

**WE HAVE A CONSTRUCTION TEAM THAT IS LICENSED, BONDED, AND INSURED READY TO GIVE YOU A FREE ESTIMATE TODAY**

@George Moehlenhoff 

I primarily build my lists via listsource.com and I target the baby boomers, so people typically over the age of 60yrs old.  Then I filter out things like property size, property type, zip code, etc. With this demographic, they typically are older and ready to downsize to a property much smaller, there's usually deferred maintenance, and most importantly, they either own the property outright or have high equity. As you can imagine this particular list is very popular, so there is a lot of competition. Following up becomes very important because there are a lot of other investors looking for these same properties. 

@Gbolahan O.

Hey, I'm active on the south side of city and surrounding south suburbs, so feel free to reach out if I can be off any assistance. These areas would fall into Cook County. Good luck.