All Forum Posts by: Toure Smith

@Paul De Luca Thanks Paul! This is exactly the kind of info I was looking for. I'll definitely set my sights on deals built after 1950s-60s. Thank you, I appreciate your insight.

Hi team!

How are you all evaluating whether or not a rehab is cosmetic (updating beds, bathrooms, and kitchens) vs a full gut besides obvoius signs (plumbing/electrical issues, structural issues, subfloor issues, etc.)?

Many lenders aren’t comfortable with me taking on a heavy rehab and suggest small rehabs to start. I’m not trying to cut any corners or put lipstick on a pig. Thanks!

Hi All!

I'm currently looking to acquire more deals and would appreciate any tips on finding legitimate private lenders. I have vetted and used contractors over the years, but the only thing holding me back is funding.

Also, if anyone is currently investing or looking to invest on the south and southeast sides of Chicago, please feel free to connect. I’d love to answer any questions, brainstorm, and help wherever I can. I currently own a duplex and a sfh (my primary resi) on the south side of Chicago.

@Henry Lazerow hey Henry how is it a bad deal, if comps say otherwise? And thanks for the heads up on the topic section.

Hello all! I currently have a deal in North Lawndale that I am looking to hopefully find a partner to fix and flip with. I have a CMA for the property as well as the signed purchase agreement. If interested please feel free to contact me with any and all questions!

Hey all! Hope all is well, as stated above, I'm looking for tips and red flags when vetting and interviewing general and sub contractors online and in-person. Anything else that you would like to add in regards to dealing with general/sub contractors please feel free to add your 2 cents. Thank you.

@Bob Green thanks Bob, thank you for that insight!

@Jacob Sampson thanks Jacob!

Hey gang! Hope all is well for everyone. Like the title says, my question is about using personal loans for flips & down payments. I’ve read a few older posts on this subject but I wanted to ask again for reference and extra questions that may rise. Other questions are, 1) am I able to refinance out of the personal loan and 2) what are the odds of getting a private/hard lender while using the personal loan as the down payment. Thank you and happy holidays.

@Ronald Rohde Great! Thank you so much, I'll definitely study that. I appreciate it, Ronald.