All Forum Posts by: Jarrell D.

@Chris Grooms Depends on your ultimate goals. I would say start with a rental first to learn the basics or rehab and not have to be so exact in everything. There are small differences in what you'll do to a rental or a flip, and overall, the pressure to make a perfect product is less with a rental as opposed to  flip. This isn't to say that you can do lesser quality work--especially when it comes to your mechanicals--but you won't have the pressure to make a sale at the completion of a rental, because it will be appealing to someone looking for somewhere to live for a year or 2 as opposed to having to meet the tastes of someone looking to put their roots down for 30 years or more.

In that time, you can learn about drywall, plumbing, electrical, and how much material costs overall, while not having a super pressurized "out" date, or being worried about when to list.

Starting with a nice, boring, 3 bed 1 bath rental is my advice for newbies, as you'll learn about what it will take to flip, without having the pressure of a flip over your head, or having your money tied up in.

Also, investing by being a lender with someone more experienced than you may give you a good insight without having any pressure at all, and only observing the process while awaiting a check with a return at the end. Maybe that might suit you better. PM me, I have a few options for you as far as taking something on yourself, or investing passively for guaranteed returns, while you still learn and observe.

1. No 

2. at least double 

3. Do rehabs. No shortcuts. Only way to learn is to do them and learn what material and labor costs 

@Kimberly Walton PM me. Let’s talk 

@Calvin Lipscomb awesome work man, you've been busy this year. I'm finishing my second SFH renovation rental now and looking to get into south side multi family next year. I've got quite a pipeline going and am looking heavily in Englewood and Auburn Gresham. I've got some leads on east side too. Are you still with that group or was this a solo purchase?

Available for immediate assignment is this suburban Chicago gem.

3 bedroom 1 bath, occupied single family home in suburban Chicago.

-Home is currently occupied by tenant, whose lease expires the end of this month.

-Estimated work needed is $10k or less (painting, new/refinish/flooring, some drywall and maybe minor plumbing work for good measure.

-Home can rent for $1390 monthly per section 8 guidelines, though that includes the utility allowance

-Estimated https://photos.app.goo.gl/Bk8LZ6RtHe2qvV7GA

PDF Chart of Section 8 Rents for Cook County:

(Riverdale is Section E)

http://thehacc.org/wp-content/uploads/2018/04/2018...

CONTACT:

JD

SSG Company

Office: 708-320-9363

[email protected]

Available for immediate assignment is this suburban Chicago gem.

2 bedroom 1.5 bath, occupied single family home in suburban Chicago.

-Home is currently occupied by nephew of owner. No lease

-Estimated work needed is $10k or less (yard work, gutter cleaning, painting, new carpet/flooring, some drywall and maybe minor plumbing work for good measure.

-Home can rent for $1395 monthly per section 8 guidelines, though that includes the utility allowance

-Estimated https://photos.app.goo.gl/YVsTyzcYbAKARAuB6

PDF Chart of Section 8 Rents for Cook County

(Dolton is Section P)

http://thehacc.org/wp-content/uploads/2018/04/2018...

CONTACT:

JD

SSG Company

Office: 708-320-9363

[email protected]

Available for immediate assignment is this suburban Chicago gem.

2 bedroom 1 bath, occupied single family home in suburban Chicago.

-There is an additional smaller bedroom that does not have a closet, thus making this 2 bedroom home.

-Home has been remodeled...refinished floors, new cabinets, new paint, new carpet

-Home is literally next door to a library

-Home can rent for $1395 monthly per section 8 guidelines, though that includes the utility allowance

-Estimate https://photos.app.goo.gl/BHyTjoqukqFZGiN9A

PDF Chart of Section 8 Rents for Cook County

(Dolton is Section P)

http://thehacc.org/wp-content/uploads/2018/04/2018...

CONTACT:

JD

SSG Company

Office: 708-320-9363

[email protected]

Available for immediate assignment is this suburban Chicago gem.

2 bedroom 1 bath, occupied single family home in suburban Chicago.

-There is an additional smaller bedroom that does not have a closet, thus making this 2 bedroom home.

-Home has been remodeled...refinished floors, new cabinets, new paint, new carpet

-Home is literally next door to a library

-Home can rent for $1395 monthly per section 8 guidelines, though that includes the utility allowance

-Estimate https://photos.app.goo.gl/BHyTjoqukqFZGiN9A

PDF Chart of Section 8 Rents for Cook County

(Dolton is Section P)

http://thehacc.org/wp-content/uploads/2018/04/2018...

CONTACT:

JD

SSG Company

Office: 708-320-9363

[email protected]

Available for immediate assignment is this suburban Chicago gem.

2 bedroom 1.5 bath, occupied single family home in suburban Chicago.

-Home is currently occupied by nephew of owner. No lease

-Estimated work needed is $10k or less (yard work, gutter cleaning, painting, new carpet/flooring, some drywall and maybe minor plumbing work for good measure.

-Home can rent for $1395 monthly per section 8 guidelines, though that includes the utility allowance

-Estimated https://photos.app.goo.gl/YVsTyzcYbAKARAuB6

PDF Chart of Section 8 Rents for Cook County

(Dolton is Section P)

http://thehacc.org/wp-content/uploads/2018/04/2018...

CONTACT:

JD

SSG Company

Office: 708-320-9363

[email protected]

Available for immediate assignment is this suburban Chicago gem.

3 bedroom 1 bath, occupied single family home in suburban Chicago.

-Home is currently occupied by tenant, whose lease expires the end of this month.

-Estimated work needed is $10k or less (painting, new/refinish/flooring, some drywall and maybe minor plumbing work for good measure.

-Home can rent for $1390 monthly per section 8 guidelines, though that includes the utility allowance

-Estimated https://photos.app.goo.gl/Bk8LZ6RtHe2qvV7GA

PDF Chart of Section 8 Rents for Cook County:

(Riverdale is Section E)

http://thehacc.org/wp-content/uploads/2018/04/2018...

CONTACT:

JD

SSG Company

Office: 708-320-9363

[email protected]