All Forum Posts by: Elbert D.

Have you thought about swapping the C corp into a S corp?

Some one save this post... If real estate gurus aren't doing one of these they are scams and even then you still have to question everything they say and do.... A. Developing on large scale and high end properties on raw land B. Have major connections with hedge funds and getting money from them C. Flipping million dollar mansions and large scale apartments D. Have a cash flow over 5 million per month in rental income from buy and holds

Well yeah you need a w2 if your going the FHA route since it's a government job. Same goes for a conventional bank loan. Another option is hard money or private money if you got the cash and a credit score over 600 you could use it then refi out. They call this the brrr strategy.

Lima one is pretty good for flips and rentals. They don't BS you either. 

@Matt Charette sure. I'm here to help all investors. Just let me know. Same goes for anyone else interested. 

@Matt Charette

How's it going. Well we offer services which out of state investors like yourself look for with a property manager and our rehab guys will rehab properties for you as well. We make sure everything goes smoothly    I haven't dealt with investors on the Far East coast yet. But I have international investors that love the Chicago and northwest Indiana markets for flips and buy and holds. So I'm sure anyone from New York, Boston, Maryland or anywhere else would love those services if they are looking to invest into either Illinois or Indiana. If you need any further help please don't be hesitate to PM me and I can provide info such as what's are good areas to buy in. 

no sir. Just a Nice size SFH

Property Address:

13906 Kanawha Ave, Dolton, IL

Property Details:

2 story SFH

4 bedroom

2 bath

1,551 sq ft.

Year Built: 1944

Fenced in yard

Enclosed front porch

Full unfinished basement

Taxes: $2,784

Price:

Purchase Price: $42,900.00

Rehab Cost: $35,000.00

Total Price: $77,900.00

ARV Range: $95-$115,000.00

RENTAL Monthly Numbers

Vacancy: $50

Insurance: $50

Taxes: $301

Maintenance: $50

Management Fee: $160

Total Expenses: $611

Monthly Rent: $1600

Yearly Cash Flow: $11,868

Cash on Cash Return: 15.82%

Repairs needed

1st floor: Refinish hardwood floors, Kitchen floor remodel, new kitchen cabinets, new kitchen appliances, bathroom floor remodel, new bathroom cabinets, bath tub seal coated, front door and screen door replaced, some new windows and new doors

2nd floor: New windows, refinish hardwood floors, new doors and refinish stairs

Basement: Replace bathroom floor, medicine cabinet, vanity and seal coat bathroom tub

Exterior: 2 A/C Units, fascia touch up, power wash siding, repair fence, replace siding with holes and improve curb appeal with new landscaping

Total Rehab Cost: $35,000

Optional: Our contractor will complete the rehab for you if you need that service. Our property management company can manage the property as well.

terms of sale

The highest Cash Offer will take the deal. Please do your own due diligence before contacting us. Send in Proof of Funds along with your offer.

We have equitable interest in the property.

• The info listed above is to the best of our knowledge.
• Buyer pays 100% of closing costs which include Transfer taxes, title insurance, city fees (stamps) and title company fees
• Buyer will receive taxes prorated to 100 percent and free and clear title
• Please do all your inspections and due diligence up front before contacting
• Proof of funds required for viewing
• The first investor with a signed contract and $1,500 earnest money gets the deal
• This is an IRA Qualified investment

CONTACT DETAILS:

Phone or Text: 7734017321(Preferably Text)

Edocker2@gmail

well I think it's mostly because of fear....but there aren't a lot of people jumping into the stock market as much as many people think. Many people think the risk of stocks are way to risky so I think when it comes to real estate they might think it's much more risky. It's actually funny.... many people know they should invest or try to create multiple incomes but yet they don't. 

Many people just talk a good game then sit back and do nothing. Some people know that creating a job for yourself and others is the main reason how many people became financially independent. But yet they do nothing to learn and act on going down the path of entrepreneurship/business owner. 

commercial real estate I think is doing very well in Chicago. I need to be more active in it.