Introduction - Chicago North suburbs

Introduction - Chicago North suburbs

Member since 2024 · 6 posts · 5 votes

Hi 

I do have a few rental properties, but I wanted to seek advice on flipping and fixing them. I do have some experience with property management. Is there an investment group we can join to pool money and work on properties together?

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  • Real Estate Agent · Chicago, IL · Member since 2018 · 1k+ posts · 1k+ votes
    2y

    @Rav Sharma

    Do you mean advice on fixing up and selling your current rental properties or fixing & flipping in general? 

    Either way, I think your first step would be to find your lender, agent, contractor, and property manager you want to work with and get started! Then determine what the properties are currently worth, find out what the after repair value (ARV) could be, and then start getting bids from contractors to do the work.

  • Lender · Chicago, IL · Member since 2023 · 25 posts · 13 votes
    2y
    Quote from @Paul De Luca:

    @Rav Sharma

    Do you mean advice on fixing up and selling your current rental properties or fixing & flipping in general? 

    Either way, I think your first step would be to find your lender, agent, contractor, and property manager you want to work with and get started! Then determine what the properties are currently worth, find out what the after repair value (ARV) could be, and then start getting bids from contractors to do the work.


     Hi Gaurav! My team works closely with Paul and his team on the lending side. Would be more than happy to be a resource for you!! Please reach out if I can help.

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