All Forum Posts by: Jerry Stanford
Jerry Stanford has started 21 posts and replied 447 times.
Post: Wholesaler in Chicago Metro
- Chicago, IL
- Posts 469
- Votes 81
Welcome to BP @Phillip Woodson!!
Post: Need help finding a property in Florida.
- Chicago, IL
- Posts 469
- Votes 81
Post: Licensed Rehabber in Chicago
- Chicago, IL
- Posts 469
- Votes 81
Congrats @Roxanna Daniel and welcome to BP!!
Post: Need advice have 50k to invest in flip project Chicago
- Chicago, IL
- Posts 469
- Votes 81
Post: Anyone going to Cook County, IL Scavenger Lien Sale
- Chicago, IL
- Posts 469
- Votes 81
The redemption period is 2.5 years in IL on the tax sales. I was going to go but didn't find out about deadline to register as a tax buyer until it was too late.
Post: Is this type of hard money loan possible?
- Chicago, IL
- Posts 469
- Votes 81
Post: Newbie - Chicago/Milwaukee area
- Chicago, IL
- Posts 469
- Votes 81
Welcome to BP @Samantha Smith!!
Post: What are you guys paying for appraisals?
- Chicago, IL
- Posts 469
- Votes 81
On the south side of Chicago, I paid $450
Post: First house hack, 2nd deal
- Chicago, IL
- Posts 469
- Votes 81
Congrats @David Dawodu!!
Post: HELP!!! I've got Title Search results but not sure what to look 4
- Chicago, IL
- Posts 469
- Votes 81
@Alin Toncz...I agree with @Bob Malecki on the time frame in dealing with county red tape and that even if you pay off the judgments and liens, you still have to repair the violations. Whether or not the deal is worth it in my mind depends on the numbers. In my perspective, if you're going to net $80,000-$100,000 and it takes 12 months to obtain and you can afford to hold it during that time, it may be worth it. I believe you have to look at the rehab costs, holding costs/bureaucracy issues and days on market for that area and see if these numbers will make the deal worth it.