All Forum Posts by: Erik Biatti
Erik Biatti has started 23 posts and replied 33 times.
Post: Great Opportunity Chicago 2 Flat (East Woodlawn)
- Real Estate Investor
- Chicago, IL
- Posts 34
- Votes 5
Great potential for big profits with several exit strategies!
2 Flat Could be 3 Unit with basement converted to 1 bed 1 bath unit in East Woodlawn Minutes Away from The University of Chicago.
Purchase Price: 105k
Repairs: 90k (very conservative) Tipically 35k Per Floor, 110k for unforeseen expenses
ARV: 275k conservatively Should be closer to 300-310k
Flip for around 60k profit
Rent for cashflow
Average Rent is $1250 for 3bed 1bath (Rents from rentometer.com)
1k Cashflow (See attached cashflow analysis)
https://drive.google.com/folderview?id=0Bx5Wvy_Egw...
Pictures, Assessors Property Description, Cashflow Analysis and CMA are attached in a Google Drive Folder link above
Let me know if you have any questions
Erik Biatti
VP Marketing & Aquisitions
Post: I Need A ReFi On A Great House In A Bad Neighboorhood
- Real Estate Investor
- Chicago, IL
- Posts 34
- Votes 5
Hi Everyone,
Me and My Partners Need to ReFi Out Of Hard Money On A Great Property, Meaning Newly Rehabbed, In A Bad Neighborhood. We Have Found That Many Lenders Don't Want To ReFi In Our Zip Code. The Cashflow is 1,400 a Month With Hard Money So Its Solid. We Are Coming Up On Having To Extend Our Hard Money Loan And Would Like To ReFi.
The Property Is Near 70th And Ashland In The Englewood Neighborhood In Chicago.
Any Suggested Lenders?
Please and Thank You
Erik Biatti
Partner
BRM Property Solutions LLC
224-301-5447
Post: Chicagoland investors!! - Looking for a JV Partner for a Easy Flip
- Real Estate Investor
- Chicago, IL
- Posts 34
- Votes 5
649 W 115th Chicago IL 60628 3 Beds 2.5 Baths 1,924sqft
Acquisition price is 89k
Rehab is 10-15k
ARV 165k
Pictures for the property can be found in the link below https://drive.google.com/folderview?
Erik Biatti
Partner
BRM Property Solutions LLC
224-301-5447