All Forum Posts by: Matthew Nosal

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $103,500
Cash invested: $69,638

Brick ranch with finished basement. 4 bedrooms and 2 bathrooms.

What made you interested in investing in this type of deal?

Location and brick property

How did you find this deal and how did you negotiate it?

ClickInvest

How did you finance this deal?

Finance of America

How did you add value to the deal?

Remodeling the whole property. Adding 2 bedrooms and a full bathroom in the basement.

What was the outcome?

Rented!

Lessons learned? Challenges?

Check for building violations

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

ClickInvest, Finance of America, Andrew Holmes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $155,000
Cash invested: $33,340

Split ranch in Homewood. Great schools, great lot size, 3 bedrooms, 1 full bath.

What made you interested in investing in this type of deal?

Location

How did you find this deal and how did you negotiate it?

ClickInvest

How did you finance this deal?

Renovo

How did you add value to the deal?

Remodeled the kitchen, bathroom, painting, refinish hardwood

What was the outcome?

Rented!

Lessons learned? Challenges?

Location and school district will get you a great tenant

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

ClickInvest, Renovo, Andrew Holmes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $75,000
Cash invested: $25,486

Brick ranch on a concrete slab. 3 bedrooms and 1 full bath. Double lot.

What made you interested in investing in this type of deal?

Ranch, location, lot size

How did you find this deal and how did you negotiate it?

ClickInvest

How did you finance this deal?

Private Lender

How did you add value to the deal?

Remodeled the kitchen, bathroom,all new trim work, vinyl plank flooring, and new paint.

What was the outcome?

Rented!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

ClickInvest, Andrew Holmes

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $125,000
Cash invested: $86,900
Sale price: $265,000

Brick split ranch with finished basement. Full remodel.

What made you interested in investing in this type of deal?

Location, lot size, brick

How did you find this deal and how did you negotiate it?

ClickInvest

How did you finance this deal?

Renovo

How did you add value to the deal?

Full rehab- added a bedroom to the basement, all new plumbing

What was the outcome?

Sold!

Lessons learned? Challenges?

Always double check the main mechanicals of the property. Double check with the village for any violations or open permits.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

ClickInvest and Renovo

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $71,000
Cash invested: $66,800
Sale price: $163,000

Brick ranch 3 bedrooms 1 bathroom.

What made you interested in investing in this type of deal?

Brick ranch. 3 bedrooms and 1 bathroom. Making it a quicker rehab.

How did you find this deal and how did you negotiate it?

ClickInvest

How did you finance this deal?

Private Lender

How did you add value to the deal?

Full remodel. Changing the layout of the kitchen and adding a bedroom to the addition.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

ClickInvest

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,000
Cash invested: $27,249
Sale price: $205,000

This property was a foreclosure. Majority of the work has been already completed. There was mold in the basement due to a flooding issue.

What made you interested in investing in this type of deal?

Mold is gold. Great block. Close to expressway. Brick split ranch with 3 bedrooms and 3 bathroom.

How did you find this deal and how did you negotiate it?

ClickInvest

How did you finance this deal?

Finance of America

How did you add value to the deal?

Remodeled the basement- mold remediation. Remolded the first floor. New kitchen, new flooring at basement and first floor, and fresh paint.

What was the outcome?

Great house for the new home owner.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Finance of America and ClickInvest

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $23,000
Cash invested: $96,314
Sale price: $175,000

Full property renovation. Purchased this property from Auction.com. Added bedrooms to the attic and basement.

What made you interested in investing in this type of deal?

Fix and Flip

How did you find this deal and how did you negotiate it?

Auction.com

How did you finance this deal?

Cash and commercial line of credit

How did you add value to the deal?

Added 2 bedrooms in the attic, remodeled the entire property.

What was the outcome?

Profit

Lessons learned? Challenges?

There are other ways to find funding rather than your own cash. Do not over improve a property. Location, location, location.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $25,203
Cash invested: $108,607
Sale price: $188,999

Full gut rehab. South Side Chicago- Roseland area. Finished the basement, added a master suite bathroom, open concept. Before and after video- https://youtu.be/uRFDCmmEMtw

What made you interested in investing in this type of deal?

First real estate investment. Just wanted to buy something

How did you find this deal and how did you negotiate it?

Auction.com- I was the only bidder

How did you finance this deal?

Cash/credit cards.

How did you add value to the deal?

Full gut rehab-

What was the outcome?

Real estate investing experience and understanding what it takes to flip a property.

Lessons learned? Challenges?

The biggest lesson I learned is that there are other financial options rather than using your own money. It took 2 years to complete this project because I was doing the work with my partner. I have learned to utilize "who, not how" Great experience.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No, but I wish I did.

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $190,000
Cash invested: $168,791
Sale price: $490,000

Chicago Wood lawn neighborhood fix and flip. Purchased this property from a for sale by owner. Complete gut. See the transformation. https://youtu.be/7pab-zjNoqs

What made you interested in investing in this type of deal?

Location

How did you find this deal and how did you negotiate it?

For sale by owner. Confidence that we will close.

How did you finance this deal?

Renovo

How did you add value to the deal?

Complete gut/remodel

What was the outcome?

Profit

Lessons learned? Challenges?

Time is of the essence. Holding costs adding up quickly.