All Forum Posts by: Kalonji Mitchell

As a hard money broker, I have access to investors selling properties. This is a HUGE Chicago Bungalow with 4 bds, 2 baths and 1600+ sq ft on the first floor. There is an unfinished second floor attic space that can be easily updated to add at least 1400 sq ft, a bedroom-bathroom suite. Houses with 4bd, 2+bth in this location sale for over $450,000.

Comparables:

https://www.redfin.com/IL/Chicago/2637-W-Coyle-Ave...

https://www.redfin.com/IL/Chicago/5827-N-Fairfield...

https://www.redfin.com/IL/Chicago/5756-N-Fairfield...

Asking Price is $285,000 - Cash only.

Feel free to email me at [email protected]

@Dominique Poindexter

The title companies @Crystal Smith mentioned are great for investors. I would also add Old Republic and Stewart Title. 

Don,

What are the types of terms for the notes you buy? What's in your wheelhouse?

Lily, as a hard money broker, I am consistently asked for property, even though I don't wholesale. I guess the fact that I'm in constant contact with investors.... 

Please send me what you have; location is flexible. 

Ram, if you begin to lend in Chicago, please make me aware.

Thanks.

My associate is selling a small group of NPN's for across the state of New York. They are all Single Family Residences.

- Non-Performing loans are on sale for about 60% of value, depending upon location and condition.

- Each can be cherrypicked

To move forward:

Commission is 2% of sells price, payable by the buyer.

See the Dropbox Link for details.

Feel free to email me at [email protected].

@Ken Reed, I can assist you. As a broker of hard money/private money loans, I have a few resources that provide you with the funding you seek.

@Hal Cranmer, I just wanted to congratulate you on building your real estate business utilizing the Assisted Living strategy. Excellent call!!

@Jay Hinrichs maybe these lenders will be ideal targets for NPN's in a few months, LOL.

@Jay Hinrichs. I forgot about this post. A couple of years ago, one of my private lenders had a specific niche that he wanted to pursue heavily. I agreed with you, with regards to risk. He was relatively successful, but eventually agreed that risk was too great. Moreover, capital opened up and the increase of HML's that offered both purchase and rehab funding with competitive rates forced him to adjust his business model.

@Bill Gulley - Amen!!