All Forum Posts by: Angie Taggart

Hey @Mark F.!  It's over by Elgin High School.

Investment Info:

Single-family residence buy & hold investment in Chicago.

Purchase price: $73,000
Cash invested: $1

Purchase: $75,000 (plus $40,000 construction loan) using private money
Rehab: $24,500
Refi:$ $115,000 (rate and term)
ARV: $160,000
Rent: $1500 (expected)
Property management: $120
NOI: $1,163
Principal + Interest: $601.24
Cash-flow: $562

What made you interested in investing in this type of deal?

cash-flow

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Front end: private money
Back end: rate and term conventional

How did you add value to the deal?

Cosmetic rehab

What was the outcome?

Still in the rehab process

Investment Info:

Single-family residence buy & hold investment in Chicago.

Purchase price: $85,000
Cash invested: $1

Purchase: $85,000 (plus $40,000 construction loan) using private money
Rehab: $29,500
Refi:$ $125,000 (rate and term)
ARV: $170,000
Rent: $1600
Property management: $128
NOI: $ $1,255
Principal + Interest: $676.40
Cash-flow: $ $579

What made you interested in investing in this type of deal?

cash-flow

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Front end: Hard money
Back end: rate and term conventional

How did you add value to the deal?

Cosmetic rehab

What was the outcome?

Tenant signed a 2 year lease for $1600

Lessons learned? Challenges?

Private money is so much better than hard money!

Investment Info:

Single-family residence buy & hold investment in Bellwood.

Purchase price: $96,500
Cash invested: $2,500

Purchase price: $96,500 (with extra for $29,500 construction loan) private money
Rehab: $32,000
Refi: $126,000
ARV: $190,000
Rental income: $1700
Property management: $136
NOI: $1,211
Principal + Interest: $713.97
Cash-flow: $475

What made you interested in investing in this type of deal?

cash-flow

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Front end: private money
Back end: Rate and term conventional

How did you add value to the deal?

Cosmetic rehab

What was the outcome?

Tenants signed a 2 year lease for $1700

Lessons learned? Challenges?

Inspectors hold a lot power and can make finishing a rehab difficult. We also have $2500 stuck in this one.

Investment Info:

Single-family residence buy & hold investment in Elgin.

Purchase price: $84,500
Cash invested: $1

Purchase price: $84,500 (with extra for $40,000 construction loan) private money
Rehab: $29,500
Refi: $124,500 (rate and term)
ARV: $180,000
Rental income: $1500
Property management: $120
NOI: $1061
Principal + Interest: $657.28
Cash-flow: $404

What made you interested in investing in this type of deal?

Cash-flow

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Front end: Private money
Back end: Rate and term conventional

How did you add value to the deal?

Cosmetic rehab

What was the outcome?

Tenant signed 2 year lease for $1500

Lessons learned? Challenges?

Permitting can be a nightmare

Investment Info:

Single-family residence buy & hold investment in Chicago.

Purchase price: $61,000
Cash invested: $1

Purchase: $61,000 (plus $40,000 construction loan) using private money
Rehab: $25,000
Refi:$ $101,000 (rate and term)
ARV: $160,000
Rent: $1425
Property management: $114
NOI: $1,183
Principal + Interest: $601.24
Cash-flow: $468

What made you interested in investing in this type of deal?

Cash-flow

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Private money

How did you add value to the deal?

Cosmetic rehab

What was the outcome?

Tenants signed a 2 year lease for $1425 a month.

Lessons learned? Challenges?

Replacing sidewalks can very expensive!

Hey Nikki,

I live in Evanston. Do you want to PM the address? 

Are there any recommendations for an investor buyer's agent in the Racine, Wisconsin area? Looking at both SFH and multi 2-4 units.

Thank you!

Angie

@Joseph DiNardi-Mack  Thanks so much!  I'm going with US Bank.

I went to Chase today to open my Master and Series1 LLC bank accounts but was surprised to learn they do not work with series LLCs. Has anyone ran into this problem before? Any local Chicagoland bank recommendations? Thanks!