OfflineI have a phenomenal deal opportunity for someone in the Chicago area.
2/2 Condo near Hirsch Metro High School.
Recently updated w/ SS appliances
Instant positive cash flow
Its already being rented as section 8 for $1050/mo
I am not in the Chicago area so I'm not able to take advantage of this.
PM me for more details.
Thanks
{J}
__________________
Any one in the Chicago area?
Jevon,
Instead of just saying this is a "phenomenal deal opportunity for someone in the Chicago area", why not give us some numbers. Let us see that this really is a phenomenal opportunity by some real life numbers (i.e. ROI, terms, necessary down payment, etc.). With this sort of data (numbers), other investors can make the determination as to just how good of a deal this is (or isn't). Just saying.....
To everyone's mutual success.
--Walter
Walter is correct. You've got to give some numbers on the deal.
-Asking Price
-Need cash or will sell on terms
-Down payment required
-Seller willing to do owner financing
-How long has current tenant been there
etc, etc, etc.
Every deal isn't a great deal for everyone. It depends on their business model. There could be a deal that one investor passes up, that another investor would jump on in a heart beat. But, they need to have the numbers to make that determination.
Stephan Roberts
"In absence of clearly defined goals, we become strangely loyal to performing daily acts of trivia!"
Here is a FREE property analyzer I've found:
https://tvallc.infusionsoft.com/go/RehabLite/sroberts/
It's a great tool to use to help analyze your deals (and did I mention it's FREE)! But, you really should spend the $97 and get the full premium edition! IT'S AWESOME!!
Sorry for the vague post. I made this post earlier just to gauge preliminary interest in the Chicago area. I wasn't quite sure if I was posting in the right place so I didn't want to cross post. I did end up posting in the classifieds section with numbers but here they are.
This could potentially be my first deal. Excuse me if I'm missing some information but if there's anything else you need just let me know. I have not locked this up yet but just waiting on my contracts from my lawyer.
Located - 917 e 78th st unit 102E.
2/2, 920sf in the community of Greater Grand Crossing.
Rented section 8 for $1050/mo
ARV - $51k
Selling/ assigning for $30k
If you would like to see pics just let me know.
I would hold onto the property myself but I don't want to take on long distance rental at this time.
Thanks and sorry for not posting this earlier.
{J}
People like to see more information about you on your bio. Tammy
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
Tammy,
You're right. I keep forgetting to finish my profile. I'll try to finish that up tonight.
{J}
And others reminded me; I think it really helps. Tammy
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
I've updated the classified ad for this property. Reduced price.
Assigning the contract for a Condo in Chicago
- 917 E 78th St Unit #102E
- Greater Grand Crossing Neighborhood
- 2/2 920 SF
- Recently updated
- FMV of $39k-$41k
- HOA fee of $201/mo
- Rents for $1050/mo (section 8 approved)
- Asking $25,000k
PM me if you want pictures or just do a google search.
{J}
I still have this property until the end of the month. If anyone is interested let me know.