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Updated 9 days ago on . Most recent reply

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26
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Challenor Jack
  • Investor
  • Morton Grove, IL
14
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26
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Chase Real Estate in Naperville

Challenor Jack
  • Investor
  • Morton Grove, IL
Posted

Anyone on here has any experience with Chase Real Estate in Naperville? A friend of mind wants to get into flipping houses and they are selling her on the idea that they will do everything. From finding the property, buying, remodeling and then sell or rent investment property for her. She is leaning on doing it 

Anyone can shed some light on why this is good or bad for beginners? 

Thanks

Most Popular Reply

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66
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10
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George Bittar
  • Investor
  • Parsippany, NJ
10
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66
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George Bittar
  • Investor
  • Parsippany, NJ
Replied

I did 2 deals with them last year, broke even on one due to having to replace the roof and AC repairs that were NOT included in the original SOW and lost money on the second due to the ARV not checking in as forecasted. I really was hoping to build a long-term relationship and stream of income from these flips. I think they have a well-oiled machine, but they are dealing with alot of volume which can contribute to misses like this. Regardless of what happened, I take responsibility for the outcomes and used it as a learning experience of what I could have done better to avoid these mistakes. Always do your own diligence and proper vetting of everything. There are alot of moving parts in flipping and out of state is even more challenging. While they provide systems and partners it's your money on the line and you are faced with many decisions along the way that you need to take ownership on and can't be passive. Happy to share more of my experience if anyone has any more questions.

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