All Forum Posts by: Nick Lamagna

Investment Info:

Single-family residence fix & flip investment in Elgin.

Purchase price: $260,000
Cash invested: $7,500
Sale price: $390,000

Great wholetale flip, 1 DOM purchased with 100% private funding had offers over asking within 1 hour

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

Always looking for opportunities, eventually you find them

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

Inbound lead from Facebook marketing campaign, negotiated via phone

How did you finance this deal?

Private funding

How did you add value to the deal?

Cleanout, cleanup relist ...

What was the outcome?

Over asking price offer on day 1

Lessons learned? Challenges?

You don't have to do high end full rehabs on every deal. Trust the comps

 Thank you!  Yes I'd love to discuss further on some options in the Chicago area. I saw there was a tornado there today hope you are safe!

Awesome!  I’m always looking for opportunities in that area.  My partner grew up there and her family owns a gym. Great area!!!  Congrats on your acquisition 

Hi Jake, Thank you for reaching out I'd love to talk.   Here is some links for the podcast, 

Apple Podcasts

https://itunes.apple.com/us/podcast/nick-lamagna-presents-the-a-game-podcast/id1447704194?mt=2

Spotify

https://open.spotify.com/show/3Pd9ZvPcyw1NhXZrB5Qs0C?si=G_ClpJoKR96IwACbdTC4Gg

Stitcher

https://www. <https://www.stitcher.com/podcast/anchor-podcasts/the-a-game-podcast>stitcher <https://www.stitcher.com/podcast/anchor-podcasts/the-a-game-podcast>https://www.stitcher.com/podcast/anchor-podcasts/the-a-game-podcast

Hello. I have someone who can do loans on those typically they are commercial.  You may get better rates and terms from a local small bank but I will message you info. 

Hello, I have a GREAT insurance resource.  He rewrote a policy for me recently and got me more coverage and saved me 9k a year. I'll send you his info

Hello, I've been on and off here for years but I am committed to using the forums and resources on a more consistent basis this year. I have done flips, BRRR, rentals, lease options, wholesale deals, multi units, consulting and now in the process of my first development deal. I am looking to expand my network and knowledge and help others do the same. I currently have cash partners looking for great investments to park our cash mainly BRRR properties and multi units if possible. I am always looking for more deals and development opportunities especially if it is within a 1-2 hour range of Chicago, New York or Salk Lake City Utah on the development side. Properties are nationwide but I prefer to stay away from any areas that are less than C+ at this particular time. I host a Podcast and I am always learning from interviewing new people. I would love to meet more successful, innovative and inspirational people through this site to interview as well. Looking forward to the relationships and experiences to follow this year!