All Forum Posts by: Scott M. Fletcher

Thank you for the feedback.  However, this platform does not appear to provide what was promised.  I am looking to analyze different regions locally and regionally and cannot find the data.  This was readily available in the old format of BPInsights.  If it is within an article, I would be quite grateful for your guidance. Thank you.

Sincerely,

Scott

Hi BP Crew,

Can anyone recommend a lender that offers 5% down conventional (not FHA) loans on an owner occupied multifamily property?

Thank You,

Scott 

 Thanks Tom! What company did you purchase them from?

I recently bought a 3 unit that has a hookup for laundry in the basement and am looking into putting in coin operated laundry.  I read a post from 2017, but the primary rental company recommended (B&B Laundry) appears to be out of business.   I have also considered purchasing, which looks to run $2200-$3000 for both the a washer and dryer.

Does anyone have suggestions for locations to rent or buy? 

It was located in Summit, but it looks like it wouldn't be feasible to add another unit.  Thank you everyone for your input!

Has anyone converted a two-flat to a three-flat?  If so, what is a guess on adding The building I am looking at has a very spacious attic (7 foot peak) and I am considering converting it into a 3rd bedroom or adding a whole other unit (assuming the title and zoning allow it).  The property is in a Chicago suburb.  

Does anyone have a guestimate on what this would cost?

Thank you.

Hi Trent, 

If you are unable to squeeze me in, can you recommend someone else for me?

Thank you,

Scott

I need a referral for a GC for a HomeStyle Loan who can do/oversee plumbing and flooring on a foreclosure. The property is in NW Indiana near Cedar Lake.

Thanks for your help in advance

Does anyone know an agent that has experience with foreclosures in Lake County, IN?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $80,000

I Just closed on this on 1/24/2020. Me and my partners are expecting 80,000 in repairs and a $100,000 profit, but TBD.