SIX FIGURE PAYDAY!

Real Estate Deal Analysis & Advice
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SIX FIGURE PAYDAY!

Marcin ChojnackiPro Member
Roselle, IL · Member since 2015 · 165 posts · 143 votes

Recent flip done in Chicago. Turned out Beautiful!

Purchase Price: $210,751

Rehab: $100,000

Sold $430k!... 30k over list price with multiple offers in just 3 days. 

6Reply
33 views

Most Popular Reply

Frank Eimiller
Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
10y

This looks amazing. Your contractors... keep them 

Congratulations!

2Reply
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  • Jeff Greenberg
    Real Estate Consultant · Camarillo, CA · Member since 2010 · 2k+ posts · 1k+ votes
    10y

    Congrats.  Nice Job

    1Reply
  • Frank Eimiller
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y

    This looks amazing. Your contractors... keep them 

    Congratulations!

    2Reply
  • Turquoise Brown-Utley
    Renter · Chicagoland NW Suburbs · Member since 2016 · 111 posts · 19 votes
    10y

    This is beautiful!! Great job

    0Reply
  • Donald Benson
    Chicago, IL · Member since 2016 · 1 post · 0 votes
    10y

    @Marcin Chojnacki Great job! Nice updates. Where is this place?

    0Reply
  • Brenda Lyons
    Toledo, OH · Member since 2015 · 63 posts · 27 votes
    10y

    Beautiful :-)

    0Reply
  • David Stefanovic
    Investor · Inverness, IL · Member since 2015 · 124 posts · 35 votes
    10y

    Congrats! Well done!

    0Reply
  • Mindy JensenPro Member
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    10y

    What neighborhood is this in? How much does staging cost you? This is beautiful.

    [email protected]Podcast Guest on Show #261
    BiggerPockets
    0Reply
  • Ronan M.Pro Member
    Rental Property Investor · Chicago, IL · Member since 2015 · 352 posts · 281 votes
    10y

    @Marcin Chojnacki

    Awesome job.

    2 Questions

    The $100K rehab...did that come in on/under/over budget ?

    How long did the project take ?

    0Reply
  • Mark Wainscott
    South Bend, IN · Member since 2016 · 37 posts · 4 votes
    10y

    Inspiring. Thanks for posting it. Gives us all a goal and dream.

    0Reply
  • Account Closed
    Brooksville, FL · Member since 2013 · 20 posts · 4 votes
    10y

    Gorgeous!

    0Reply
  • Brad B.
    Covington, WA · Member since 2016 · 21 posts · 4 votes
    10y

    Absolutely beautiful. Congrats!

    0Reply
  • Bill Hinshaw
    Investor · Murphy, TX · Member since 2011 · 189 posts · 86 votes
    10y

    Wow! Beautiful job. What is the sq footage?

    Also, are those solid oak floors? Did you buy them pre-finished or finish them yourselves? What did they cost?

    0Reply
  • Sarah Ziehr
    Real Estate Broker · Chicago, IL · Member since 2015 · 531 posts · 266 votes
    10y

    Congrats!

    0Reply
  • Henry Shungu
    Pineville, NC · Member since 2016 · 15 posts · 5 votes
    10y

    Awesome job,

    Thank you for sharing. 

    0Reply
  • Cosmo Lee
    Buena Park, CA · Member since 2016 · 31 posts · 12 votes
    10y

    @Marcin Chojnacki  Congratulations, seeing stories like these makes me motivated in RE investing. Would you mind answering how you found the property?  I'm always interested on how people find their properties to flip.  Was this your first flip?

    0Reply
  • Manolo D.
    Contractor · Los Angeles, CA · Member since 2015 · 4k+ posts · 1k+ votes
    10y
    Amazing job!
    0Reply
  • Marcin ChojnackiPro Member
    OP
    Roselle, IL · Member since 2015 · 165 posts · 143 votes
    10y

    @Donald Benson North Side by Portage Park

    @Mindy Jensen Right around 3k is the usual cost. They reimburse a few hundred if property sells fast and you allow them to take furniture early. If deal falls apart they commit to re-staging for free.

    @Ronan M. Slightly over budget. Budget was 95k. 

    @Bill Hinshaw 3,000 sq ft (basement included). These are the original oak floors that were in the home. $1.75/ft for sanding, staining, and 2 coats of poly

    @Cosmo Lee No not first flip. Many Many Many done per year :) ... This one was acquired through HUD.

    Sorry for the late reply everyone. Very busy day! I appreciate all of the kind words. Will upload photos of the next one soon!

    0Reply
  • Sabrina V.
    Rental Property Investor · Atlanta, GA · Member since 2016 · 8 posts · 2 votes
    10y

    Nice.....Congrats!!!

    0Reply
  • Jasmine Z.
    Madison, WI · Member since 2014 · 7 posts · 6 votes
    10y

    This is beautiful. Any tips for newbies getting started in flips? If you could go back to your first 1-2 years and real estate what advice would you give your former self? Thanks!

    0Reply
  • Adam Bontrager
    Investor Relations Manager · Cleveland, OH · Member since 2015 · 117 posts · 50 votes
    10y

    @Marcin Chojnacki congrats!

    The staging is very tasteful.  I imagine this presentation of the property contributed significantly to your success.

    Again, congrats!  

    0Reply
  • Bhekizwe M.
    Bulawayo, Zimbabwe · Member since 2015 · 1k+ posts · 253 votes
    10y

    congratulations on the deal.great job

    0Reply
  • Calvin Williams
    Rome, NY · Member since 2016 · 10 posts · 1 vote
    10y

    Great job

    0Reply
  • Mark Ferguson
    Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
    10y

    nice work!

    1Reply
  • John Weidner
    Chicago, IL · Member since 2014 · 710 posts · 200 votes
    10y

    @Marcin Chojnacki

    Nice work - $30K over that is awesome.  

    Good move staging...not many houses stage in Portage Park.  

    0Reply
  • Karen O.
    NYC, NY · Member since 2016 · 617 posts · 456 votes
    10y

    Beautiful! Congrats.

    0Reply
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