All Forum Posts by: Jonathan Wheeler

4045 Timberlane Dr. Northbrook, IL 60062 (Cook County)

Price: $280,000

Estimated ARV: $365,000

Estimated Rehab: $10,000

Scope of work includes resurfacing the wood floors, updating tile work, basement floors and new paint. This was an off market deal with a family moving out of the country on a tight timeline. Estimated renovation time = one month. Title is free and clear and a CMA has been completed to verify comps and ARV. Zillow estimates the value at $399K.

Here's a link to more pictures: https://drive.google.com/drive/u/0/folders/0BwaEun...

Please note:

This is a wholesale deal

Property is being sold as-is, where-is.

All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions, either made or implied. Buyer should conduct their own due diligence prior to contracting.

Property is to be sold to CASH or PRIVATE/HARD MONEY BUYERS only.

Email POF to [email protected] in order to schedule a viewing of the property.

$2,500 NON-REFUNDABLE earnest money check required to secure contract

@Edgar Levin  I am always open to co-wholesaling.  I operate in most of the same areas that you do. Right now, it sounds like we might be in the same boat though, a lot of buyers and not enough good deals coming through.  It sounds like you have a solid buyer's list.  I do as well and have been fortunate to be able to move deals very quickly when I get good ones (wish that was more often!).   Happy New Year and best of luck going into 2017!

Hi @Vanessa Feil

Is this property still available?

We'll be showing the property tomorrow (Saturday) morning at 10 am. Let me know if you're interested in taking a look.  

SINGLE FAMILY IN WOODSTOCK FOR ONLY $46,000!

Address: 1128 Clay St

Woodstock , IL 60098

Mchenry County

Price $46,000

Type: Single Family Home

Beds: 3

Baths: 1

Sq. Ft.: 1064

Year Built: 1951

Garage: Single Car Detached

Huge backyard!

Quiet Neighborhood and great neighbors!

Needs Rehab!

If you would like to see this property, email POF to [email protected]

Comparables sold in the last 6 months within 1 mile similar size property.

1925 Belaire Ln. Woodstock 60098

Sold On: Jun 24, 2016 $126,000

1515 Walnut Dr. Woodstock 60098

Sold On: Aug 16, 2016 $116,000

1428 N Madison St. Woodstock 60098

Sold On: Sep 30, 2016 $125,000

I'm hoping to connect with investors who are in search of single family rentals in Dupage County.  I'm currently working on a potential deal in the city of West Chicago that seems like it could be ideal for a buy and hold investor.  

I'm working on a direct mail lead in Elgin (Kane County) where the seller is looking to sell his property while leaving his existing tenant in place.  Are there any current or future landlords who might be looking to acquire a property in this area that already has a tenant in place?  If so, I would be very interested in better understanding your requirements for purchasing this type of property.  We're talking about a 1500 square foot, 4 bed/2 bath single family home with a full basement (unfinished).  The current owner is collecting 1800 per month in rent.  What kind of discount would a local cash buyer be looking for on this type of property?  Any feedback is appreciated.  

@Josh Halagiere

I am curious to hear what kind of responses you get from buy & hold investors in the area. I also get a decent number of leads in the northwest and western suburbs that don't make sense for the typical fix & flip buyer but might make a lot of sense for a buy & hold investor.  The prototypical lead I'm talking about is a nice single family house that could immediately be turned into a rental without doing anything more than paint/carpet in most cases.  The seller is motivated and doesn't want to list with a Realtor but also isn't willing to sell at at a 30% discount because they know the house doesn't need any real work and is essentially already move-in ready.  They are still motivated, however and may be willing to discount the property for let's say 15-20% off retail for a quick sale. I'm wondering if properties like this (especially in nice areas) would be in the wheelhouse of any local buy & hold investors. 

Hi @Mike Fisher

Still available?

@Steven Jean-Jacques

I'm working with an investment group that has an immediate need for 3 properties (non MLS) in the Chicago area. They prefer homes with at least 3 bedrooms in the northwest and western suburbs and are willing to spend up to 275K per house for the right deal. If you have anything fitting this criteria, please let me know.