Shane:I would offer that there is insufficient free cashflow in the deal.If you must finance, or prefer to finance, the property than your analysis of the business has to account for that financing.  

Community banks in the area of the property are always a good place to start on small projects like this.

If not, please keep my information for future projects.

Hey BP,I'm looking for funds to finish my rehab project and someone told me about Sprout Financial unsecured line credit?

Yes, there will be some foreclosures from that side, but I just don't see it being anywhere near that projection.

At 2 million dollars this project would not make sense in regards to ROI for expected rental income.  

We are fully licensed, bonded and insured and we specialize in helping investors with their projects. 

I wanted to reflect on my Airbnb's performance in one of my units i have located in Jefferson Park Chicago.I put together the attached analysis to look how my occupancy has bee YTD.I started doing Airbnb in this unit in February of 2017.Curious to know how other peoples Airbnb is doing in Chicago?

On their website it states regarding rehabs that projects that will require to comply with IZ are:rehabilitation projects that are expanding an existing building by 50 percent or more and adding10 or more units.Just reading this, its unclear whether you have to have affordable units only if you expand a building by 50% or if you expand a building by 50% and in doing so add 10 or more units.

Hi guys, I am thinking of making my first offer on a property in the KC area.Here are the numbers:Sale Price: 85000Down Payment: 17000Closing: 2000Rent: 950Insurance: 595Taxes: 857Vacancy: 29 (3%)Property Management: 95 (10%)New Tenant Placement: 40 (assuming 2 year tenancy)Repairs: 48 (5%)Cap Ex: 71 (7.5%)Projected NOI: $547Mortgage: 365Cash Flow: 182.13Cash on Cash %: 11.5%What do you guys think?