All Forum Posts by: James Lehmann

I've used Intelius for quite a while. In all reality I would say I have about 15-20% success rate getting in contact with anyone. It does provide email, cell phone, and land line numbers, but that does NOT mean they are all active or accurate in my experience. Hope that helps.

Stephanie Feld It seems like a hard shell to crack at first, but I think that's because most (including myself) tried to do everything and think of everything at once. I lived in San Diego for a short time and can totally understand why you wanted a place by ocean beach, but that may not be the right market for you right now. Search this site for others near you, find someone that's killing it, and buy them some lunch, some coffee, or a beer and just talk about the market down there. Look at your options for all areas around you and talk to as many experienced people as you can. Feel free to shoot me a message if I can help any further. Good luck!

Jarrel Hendersom If you have legit motivated sellers let's talk about converting those leads into something. Shoot me a message and we can talk. I know a decent amount of buyers in the western suburbs.

Brick split-level in Washington Heights in Chicago ready for your finishing touches! 3 bedrooms upstairs have been finished and painted. The bathroom has been re-glazed and just needs a vanity and a toilet. Add one bathroom downstairs, finish the kitchen, sand and refinish the hardwood, and this will be golden! The kitchen is gutted, and the seller already has plans drawn up for cabinets and counters (see pics). Windows are also already ordered and being installed in a few days. Front sidewalk is brand new, and there is a new sump pump as well. New ceiling fans installed in all 3 bedrooms.

More Pictures HERE

Seller ran out of money midway through the rehab, but already did a lot of work.

This is a great south side neighborhood with tons of rehabbing action that could be an awesome quick flip!!

9317 S. Parnell Ave Chicago, IL 60620

Easy in & out job.

Purchase Price: $65,000

Repair Costs: $35,000

ARV: $145,000 or better with high end finishes.

COMPS:

9201 S. Peoria St. REHAB SOLD $147,500.

9129 S. Parnell Ave. REHAB SOLD $149,000.

9365 S. Lowe Ave. REHAB PEND $162,000.

9100 S. Wallace St. REHAB SOLD $138,500.

9246 S. Eggleston Ave. REHAB CTG $178,900

We require proof of funds for access. House is sold AS-IS. Earnest Money Required. Do you own Due Diligence.

Respectfully,

James A. Lehmann

email: [email protected]

Cell: (773) 669-4449

website: www.jalexsolutions.com

I posted this yesterday with a typo. Here is the correct info. Let me know if you are interested.

Brick Bungalow ready for your finishing touches! Kitchen is almost done, bathroom is complete, and appliances(included in purchase price) are all ready to go!

Seller ran out of money midway through the rehab, but already put in new copper throughout the basement, and did a lot of work.

This area is up and coming and could be a great flip or rental!

Easily pulls $1200/MO in rent.

10028 S. State St. Chicago, IL 60628

More Pictures HERE

This house needs cosmetic work only upstairs. It's a 3/1 upstairs and had 2 more bedrooms (below grade) framed out in the basement along with a gutted bathroom. 2 car detached garage with driveway. Good furnace and hot water heater in place.

Easy in & out job.

Purchase Price: $52,500

Repair Costs: 15k to make rent ready

Or 35k with a finished basement

ARV: $130,000 with a finished basement

$100,000 with just cosmetics repairs upstairs.

COMPS:

10032 S. Calumet Ave. REHAB SOLD $160,000.

10034 S. Forest Ave. REHAB SOLD $145,000.

16 E 100th St. REHABJust hit the market at $129,000.

333 W. 102nd REHAB ACTV $129,900.

We require proof of funds for access. House is sold AS-IS. Earnest Money Required. Do you own Due Diligence.

Respectfully,

James A. Lehmann

email: [email protected]

Cell: (773) 669-4449

website: www.jalexsolutions.com

Marvin,

I am really glad you wrote this. I totally messed that up by accident. It is indeed a 3/1 upstairs. There is a half gutted bathroom in the basement and 2 below grade bedrooms that would not be included in square footage. 

I am going to edit this in the morning, so thank you again for the response. I will keep your info handy if I run across any 3/2's in the area. 

Brick Bungalow ready for your finishing touches! Kitchen is almost done, bathroom is complete, and appliances(included in purchase price) are all ready to go!

Seller ran out of money midway through the rehab, but already put in new copper throughout the basement, and did a lot of work.

This area is up and coming and could be a great flip or rental!

Easily pulls $1200/MO in rent.

10028 S. State St. Chicago, IL 60628

More Pictures HERE

This house needs cosmetic work only upstairs. It's a 3/2 upstairs and had 2 more bedrooms framed out in the basement. 2 car detached garage with driveway. Good furnace and hot water heater in place.

Easy in & out job.

Purchase Price: $52,500

Repair Costs: 15k to make rent ready

Or 35k with a finished basement

ARV: $100,000 with a finished basement

$130,000 with just cosmetics repairs upstairs.

COMPS:

10032 S. Calumet Ave. REHAB SOLD $160,000.

10034 S. Forest Ave. REHAB SOLD $145,000.

16 E 100th St. REHABJust hit the market at $129,000.

333 W. 102nd REHAB ACTV $129,900.

We require proof of funds for access. House is sold AS-IS. Earnest Money Required. Do you own Due Diligence.

Respectfully,

James A. Lehmann

email: [email protected]

Cell: (773) 669-4449

website: www.jalexsolutions.com

Hi, I've completed my first 3 deals in 2015 as a wholesaler. I'm excited, but I'm trying to be cautious as well. I have not formed an LLC quite yet, but it's happening later this week. So 2 questions : 1) To tax my assignment fee properly what should I do? As of right now I am signing on to IRS.gov and making estimated payments of 18% for each deal I've done. 2) As far as my direct marketing, business lunches, supplies, gas and whatnot I am keeping receipts for everything. I incurred a lot of costs in 2014 but didn't start making money until this year. Can I carry all of this forward as start up costs for next year's taxes? And will it be separated from the LLC that I am forming when tax filing season comes along? Any help would be greatly appreciated.

Congrats sounds good!! I would personally add $3,500 to your kitchen appliance costs. I would also add $3,900 for additional holding costs to cover 6 months of HOA. Little stuff, but your rehabber will appreciate it 😊

5219 N Meade Ave. Chicago, IL 60630

This is a big house (1650 SQFT) and a big project. It's on an over-sized lot (30 X 144), it needs a full rehab, and a dormer as well.

It's currently 2 units ( 2/1 & 1/1 ), but it should be converted into one big SFR in my opinion. The units are front and back, with a full basement, and walk-up attic. 

Basement height 6ft

Main floor 8ft

Attic 7ft

House is 20ft wide and 58ft long (excluding 2 5ft enclosed porches)

You can check out the pictures here:

PICTURES

All similar listed houses are being sold for $160,000- $180,000 in the area.

Purchase Price: $135,000

ARV: $375,000-$390,000 with dormer  $340,000-$350,000 without

Rehab Cost: $130,000-$150,000

Comps:

5009 N Merrimac Ave- Rehab SOLD for $399,000

5201 N Moody Ave- Rehab SOLD for $397,000

5014 N Meade Ave- Standard Sale SOLD for $359,000

5324 N Melvina Ave- Standard Sale SOLD for $359,000

Property sold AS-IS. Cash Only.

POF Required for lock box code and viewing.

Call me at 773-669-4449

or email at [email protected]