All Forum Posts by: Gautam S.
Gautam S. has started 11 posts and replied 114 times.
Post: First Flip $100,000+ Profit, SOLD IN 1 HOUR!

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
@Tyler Leonard, Congrats!
I would also like to know the cost of that Spiral stair.
Is it just going from 1st Fl to basement?
Post: Ask a Digital Marketer

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
Interesting thread... @Sean Dolan, I would also like know know the Avatar that we can model for a seller of a home looking for a quick cash sell. How can we use FB custom audience to target the Ads for off market deals...
Cheers!
Post: Looking for Evergreen Park Architect for a small rehab job

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
Just came to know that Evergreen Park. IL village needs and full Architectural drawing to submitted for even a paint job, if you are an investor!! Also, you need a $10K Deposit no matter how small your rehab is! All these rules does NOT apply if you are an owner occupant!!
Anyway, so I am now in a need for an Architect, who can produce an "as is plan" drawing that i can submit to the village and get started on my rehab permit.
Any recommendation for a budget Architects who is familiar with Evergreen Park in Chicagoland is greatly appreciated!
I have to think twice before I buy any more property in Evergreen Park!!!
Cheers!
Post: My first flip- Profit: 19,100

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
@Amir B., You should/need not be opening a LLC to just get started on REI. LLC can come later.
You can start buying properties in you own name and get conventional loans (typically up to 4 properties) to free/preserve up capital you have.
Post: My first flip- Profit: 19,100

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
@Account Closed Congrats!
You really went creative with your financing! Did you consider the cost of money (purchase price)) in your net profit?
Good experience to learn the ropes and you can now go for the next deal and hope you make a considerable bigger profit!
Cheers!
Post: I QUIT MY JOB THIS WEEK!!! (with help from BP, at 31yo ;)

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
Congratulations @J. Martin on the milestone!
Now due for a detail post on how you did it and your journey through the REI!
Cheers!
Post: Recommendation of Portfolio Lenders for Illinois and NW Indiana

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
Sorry @Aaron Ryan. No luck.
You have to really visit/talk to the local community banks and may get a break!... But I did not do that!
The lending situation also have loosen a bit in past year or so.
Good luck!
Post: THE STAGING QUESTION: SHOULD OR SHOULDN'T I?

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
Great post @Marcin Chojnacki.
Your ROI numbers tell it all if we want to staging or not!
Can you recommend some good staging companies in Chicagoland?
Post: Wholesaler from Illinois

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
@Garland Robinson Welcome to BP!
You are in the right place.
Explore the site and listen to the Podcasts!
Post: Possible to get 80% LTV on a 12-unit Multi-family?

- Real Estate Investor
- Eola, IL
- Posts 137
- Votes 22
Please check out Community Investment Corporation - CIC.