All Forum Posts by: Fernando Angelucci

Agents with an abundance mindset love investors because of the potential volume over a lifetime. Be careful of the scarcity mindset agents who will ask for a monthly retainer to work with investors, "because writing a lot of low ball offers is time consuming with a small acceptance rate." This was an actual response I received. 

So PUMPED for this!

If you are the seller, make sure your attorney gets title. If you are the buyer, offer to pay for the title costs, if agreed to, stipulate in your contract that your attorney shall act act as the title agent and has the right to collect all title premium. My attorneys love this.

Hello BP!

We have available for immediate assignment 6-unit apartment deal in Gage Park.

2254 W. Garfield Blvd., Chicago, IL 60609

Price: $225,000

Size: 5,634 sq. ft.

Units: 6 (Four 2 bed, 1 bath | Two 1 bed, 1 bath)

Vacancies: 2 (Two 2 bed, 1 bath units)

Current Monthly Rent: $2,150

Proforma Monthly Rent: $4,850 (1 bed: $725 | 2 bed: $850)

Taxes: $4,719.00

Estimated Rehab: $45,000

Estimated After Rehab Value: $350,000

Details: This Gage Park building has a new roof and new windows. Two of the units are vacant and need light rehab. All tenants are market renters renting at below market rate. The units have separate gas and electric meters but the tenants currently pay for all utilities according to the owner. One block away from the Gage Park Fieldhouse with an outdoor pool, playgrounds, basketball courts, tennis courts, artificial turf field, and more. The property is surrounded by schools, parks, and retail attractions. The property is 4 miles away from Midway International Airport- a convenience distance without being too close for noise. Within the last 12 months, only a handful of MFR have been available on the market in this area so there's only one comparable that is all 1 bedroom units and in a worse location.

MLS Sold Comparable:https://www.dropbox.com/s/4hsahvhprf0ok95/MLS%20Sold%20Comparable%20for%202254%20W.%20Garfield%20Blvd.%2C%20Chicago%2C%20IL%20.pdf?dl=0

PHOTOS:https://www.dropbox.com/sh/6lq6tees4b0a3e6/AABKgOA719QEanK0HTI9cnNKa?dl=0

The deal goes to the first person to sign the assignment of contract and remit the assignment fee. We will conduct a single group showing unless the deal is sold before then. If you are a wholesaler and are interested in marketing this deal, you need to ask for our explicit approval before doing so.

Cheers!

Hello @Shant Tchakerian!

David Courtright of Courtright Law is fantastic. I use him on all my transactions and he also represents my out of state and out-of-country investors that purchase our wholesale deals (many from CA).

Call or email me for details as I do not check BP often.

Hello BP!

We have available for immediate assignment a fix and flip project in the beautiful Andersonville neighborhood of Chicago.

1437 W. Victoria St., Chicago, IL 60660

Price: $398,000

4 bedrooms, 2.1 baths

Building Size: 1,779 sq. ft. (does not include finished basement)

Estimated ARV: $750,000+

Details: The single family home has been well maintained but needs a full rehab to match the high-end finishes of comparable properties that have sold. It has hardwood floors in some rooms and a partially finished basement. The two-car garage is in good structural condition. The location is fantastic with the best of what Andersonville and Edgewater have to offer.

PHOTOS AND VIDEO WALKTHROUGH: https://www.dropbox.com/sh/4p9epccno5sdrdf/AADN2Z1ZC9Pj_SEuXtY6x09oa?dl=0

MLS Sold Comparables: https://www.dropbox.com/s/jdb4oj6zz2xuenm/MLS%20Sold%20Comparables%20for%201437%20W.%20Victoria%20St.%2C%20Chicago%2C%20IL%20.pdf?dl=0

This deal was sourced from the MLS. A single group showing will be set up unless the deal sells sight unseen. If you are a wholesaler, you cannot send out our deals without our explicit approval. The deal goes to the first person to sign the assignment of contract and remit the assignment fee.

Hello Eric!

Still available

Hello @Ryan Woods!

I know a lot of great PM companies. The one I have been the most impressed by is Landmark Property Management run by @Jason Marcordes. He manages a few of our properties near Markham and I am sure would be more than happy to talk with you about this one.

Roof - garage and house in 2009

Furnace - 2012

Hot Water Heater - 2012

We also specialize in working with out-of-state buyers, give me a call and I can answer any questions you may have.

Hello BP!

Would you be interested in a rented ranch SFH in Markham with a 21.45% cap rate as-is, available for immediate assignment.

16207 Wolcott Ave., Markham, IL 60426

Price: $49,000

Bedrooms: 3

Baths: 1

Building Size: 912 sq. ft.

Lot Size: .19 acre corner lot

Rent: $1,208 (Voucher tenant since 3/12/2014)

Security Deposit: $500

Taxes (2016): $3,397.49

Insurance: $589.36

NOI: $10,509.15

Estimated ARV: $70,000

Details: Section 8 tenant pays all utilities. Net operating income is based on self-management. ARV is based on updating cosmetic features of the property. A couple blocks away from multiple parks, the Barack Obama Learning Academy, shops, and more.

Photos: https://www.dropbox.com/sh/bu3emtpfkmuy7ln/AACA4ZBV3w9sWzB_T1552UzTa?dl=0

Lease:https://www.dropbox.com/s/nom08kqpmv7adhm/16207%20Wolcott%20Ave.%2C%20Markham%2C%20IL%2060428%20Lease.pdf?dl=0

MLS Sold Comparables:https://www.dropbox.com/s/4qa3cfmqg3s77i0/16207%20Wolcott%20Ave.%2C%20Markham%2C%20IL%2060426%20MLS%20Sold%20Comparables.pdf?dl=0

The deal goes to the first person to sign the assignment of contract and remit the assignment fee. We will conduct a single group showing unless the property is sold before then. Please respond if you would like to be informed of the showing time. If you are a wholesaler and are interested in marketing this property, you need to ask for our explicit approval before doing so. Let us know if you have any questions or interest as this one won't last long!