All Forum Posts by: Fernando Angelucci

Photos and Video Walkthrough

33 Cardinal Lane, Carpentersville, IL

Fantastic Starter SFH 90% Rehabbed
4 Bedrooms, 2 Bathrooms, 1200 sq. ft.

KEY DETAILS
Purchase Price: $110,000.00
Rehab and Closing Costs: $18,697.00
Total Cost: $128,697.00
Cash Cost: $128,697.00
Estimated Market Value: $170,000.00
Equity: $41,303.00

PROFORMA INCOME DETAILS

• Monthly Rent: $1,800.00
• Taxes: $219.27
• Insurance: $120.00
• Utilities: Pass on to Tenant
• Property Management: $180.00
• Maintenance: $180.00

Net Monthly Cash Flow: $1,100.73
Cap Rate: 12.01%

RECENTLY SOLD COMPARABLES
110 Green Ln., Carpentersville, IL sold for $163,000.00 on 11/30/16
86 Golfview Ln. Carpentersville, IL sold for $159,000.00 on 11/10/16
208 Fairway Rd., Carpentersville, IL sold for $159,000.00 on 04/12/16
Average: $160,333.33

DESCRIPTION
This home is 90% rehabbed with only a few things left to be done: subfloor repair in one of the bedrooms, a new floor (carpet or hardwood) in the subfloor repair bedroom and one other bedroom, changing the vinyl in the bathrooms and kitchen, closing the ceiling in the kitchen, paint (everything is freshly painted white), patching the concrete in the garage and patio, installing a vapor barrier in the crawl space, and a new roof. The property does not have a basement and is currently vacant for the ease of rehab.

Photos and Video Walkthrough

As you may know, we source the majority of our off-market deals through direct marketing. Our highest ROI properties usually come from pre-foreclosure, probate, divorce, and tax sale lists. Over the last two years they have treated us well and have allowed us to acquire and/or assign 71 great deals.

The woman behind this amazing data that is delivered daily is Barb McElhaney and I want to give you access to our resources for being a member of BiggerPockets.

As a thank you for being a part of our network, you will get a 30% discount when you buy 3 annual lists and provide Barb the password "TITAN". Barb's contact information is below.

Barb McElhaney

630-557-1000 x228

[email protected]

Give her a call or shoot her an email. Let us know if there is anything further we can do to help make 2017 your best year of investing yet!

This cozy brick single family home is in need of some cosmetic work and to finish the addition in back (i.e. drywall and paint). Could use a new kitchen and paint throughout. Layout could be adjusted for additional bedrooms. No basement. Could have the covered driveway converted into a garage if desired. It has hardwood floors, sunny living room, a skylight in the family room, and a large fenced backyard. It is being sold as result of a divorce. In a very nice suburban like area of Burnside. Currently vacant.

Fix and Flip

• Purchase Price: $40,000
• Rehab and Closing Costs: $16,000
• Total Cash Cost: $56,000
• ARV: $80,000+
• CROI: 42.86%+

Fix and Hold

• Monthly Rent: $850
• Taxes: 211.69
• Insurance: $75
• Utilities: Pass on to Tenant
• Property Management: $85
• Maintenance Reserve: $68
• Net Monthly Cash Flow: $410.31

Comparables Sold Within the Last 12 Months

• 450 E. 91st Pl., Chicago, IL sold for $105,900.00 on 02/05/16
• 9414 S. Eberhart Ave., Chicago, IL sold for $63,900.00 on 05/02/16 
• 9330 S. Rhodes Ave., Chicago, IL sold for $55,000.00 on 06/28/16

Additional Photos Here: https://www.dropbox.com/sh/zpqpddu3h18sl5d/AAB76h0...

This beautiful corner lot 4-unit is fully rented with off street parking. It is located in a quiet family neighborhood. The two lower units have two bedrooms, and the two upper units have one bedroom. Each unit has separate gas and electric meter, refrigerator and stove. The upper units are currently rented for $595 and the lower units rent for $725-$750. The rents are below market and utility costs could be decreased by eliminating the dumpster and requiring that the tenants establish accounts with Republic Service. Market rent is $950 for the lower units, and $800 for the upper units resulting in a 16%+ cap rate. Eventually will need new roof but currently needs just cosmetic touch ups. 

This brick SFH sits directly across the street from Lincoln Elementary School and is poised for a great fix and flip. The interior needs cosmetic work and updates- remove the carpet to expose the beautiful hardwood floors, replace the kitchen and baths, new paint, etc. The addition is settling and needs to be addressed by sinking pylons or slowly jacking the addition up and repairing/tuck pointing the masonry. The garage needs a new roof. The property is currently vacant for ease of rehab.

Available are three condos that comprise an entire brick 3-unit in hot United Center Park. Keep them

as condos and sell them off at $215,000+ per unit or revert them back to a single property and rent

out at $1,600+ per unit. The property tax quoted are the total of all 3 units' individual taxes, and thusly the tax would be drastically lower if converted back to a single PIN. The building was built in 2004 and has luxury finishes and comes with 3 parking spots. Each unit is in great condition and needs no repairs but elective rehab could further increase value. Individual units are available for $178,000 each.

This corner-lot, brick SFH has been rehabbed from top to bottom with luxury finishes. Granite counter tops, stainless steel appliances, designer tile backslash, new hardwood floors on the first and second floors, and ceramic tile in the basement. New high-efficiency furnace and hot water tank. Each second floor bedroom has en suite bathroom, and along with the bedroom in the basement there is a full bathroom. The entire lot is fenced in and there is an ADT alarm system already in place. There is a brick two car garage that has been fully remodeled as well. Buy and immediately throw on the market for no hassle profit or rent out to a family for no-maintenance cash flow. Buyer pays all closing costs.

Santosh!

Just sent the documents to your email. The excel sheets have multiple tabs at the bottom with all the financial information you'd ever need.

I have $225,000 all into the properties. Make me an offer.

Cheers!