It caused a moderate damage to the walls and floor boards.

There is moderate risk involved, which is why he can charge a higher rate for these dealsHe is offering very attractive returns for investors, but it seems too good to be true. 12-15% (annually, usually with monthly payments) returns to investors.Does anyone have experience with this type of investing? 

@Jason Davis BP Forums have a rule against self promotion & promotion in general, which is why when asking for referrals we will send them to you as a PM - any other way and our post will usually be deleted by the moderators.

In short, you can get a refinance for the lesser of: (a) 70-75% of the new appraised value, and (b) the original purchase price plus all of your closing costs and prepaids/escrow setup for the new loan.This works pretty well for light to moderate rehabs, but will not get 100% of your cash back (perhaps up to 85% depending on ARV and amount of rehab).

Moderator Note: Please do not use this thread to promote yourself.

Moderator: If it's ok, I'll post links to the REIA's in the body of the post.

If you're looking for cheaper areas with more inventory with low/moderate crime West Lawn, Brighton park, Humblt park (North/East'ish, do not invest on the southern part), Bronzeville.Stay away from anything Austin (unless it's on the West side a block or less away from Oak Park), South Chicago, Garfield anything, Englewood area.  

For example, it's very hard for a standard judgment creditor to reach the assets of a moderately wealthy (say someone with a net worth of a $1 million or two), young, married investors.

MODERATOR:  NO ADVERTISING IN THIS THREAD.

My income is moderate, but combined with my wife's we regularly have a gross income over $100k.