All Forum Posts by: Samuel Liapis

@Domingo Cano

When you are purchasing a property there has to be a contract.

You find a property you think will work, run the numbers and send a BID. If your bid is accepted then you put the house under CONTRACT. This is a binding agreement that you agree to purchase this house at the appointed price.

That is what they want to see.

@Yamundow Camara

I know in Chicago any pool has to have a barrier around it to prevent children from drowning. In Chicago it is a fence at least 42 inches and non scalable. You need no trespassing and no diving signs.

@Eric Martin

Thank you for sharing! I love how you are eager to help everyone out who asks. This is great because a lot of people like myself are right on the edge of doing deals and some just need that little push.

I am glad it worked out great for you!

Right now I have an amazing deal but I can't get funding =( . Hard money lenders in Chicago are harder to work with I guess.

@Erika Carter

I had a deal come through in South Shore. It's a gut rehab but it's in a bad neighborhood. You think I should still look at it?

@Joseph Cacciapaglia

I'm definitely not skilled enough at this point to estimate Rehab costs but my contractors try to estimate through pictures.

@Joseph Cacciapaglia

I am thinking about this more from an investors perspective haha. I should have mentioned this. Like in order for me to analyze a property that I may want to buy what kind of criteria should I be asking for. What do your clients ask for?

To make an informed decision on if I even want to purchase I need:

Purchase Price

Estimated ARV

Rehab costs (from contractor usually through pictures)

Estimated rent income after repair.

If these numbers match then I will tour the property with my contractor and determine a better estimate for the repairs. If everything is ok after that I will normally put it under contract and schedule an inspector.

Is that too much to ask for from a real estate agent upfront?

The agent is on my team. Part of my core four.

@Jesse Frageman

I have an amazing inspector. If you still need one message me.

@Erika Carter

What neighborhoods on the southeast side?

Hello All!

I am starting my BRRRR Strategy journey. I am wondering what criteria you have your agents send you when looking at deals.

Purchase Price

Comps

Rental comps

I am looking at out of state so I guess the more info the better but I do not want to be rude and ask for too much.

@Andy Nathan

Southeast but which neighborhoods?