REO For Sale in Westmont

Great opportunity for investor with crew.

Click here for copy of pdf – 247 Warwick Westmont CMA

Commercial hard money is similar to traditional hard money, but may sometimes be more expensive as the risk is higher on investment property or non-owner occupied properties.

Commercial hard money loans may not be subject to the same consumer loan safeguards as a residential mortgage may be in the state the mortgage is issued. Hard money loans are often short term and therefore interchangeably referred to as bridge loans or bridge financing.

A commercial hard money or bridge lender will usually be a strong financial institution that has large deposit reserves and the ability to make a discretionary decision on a non-conforming loan. If the property is not bought back by purchase or sold within the time period the commercial hard money lender may keep the property at the agreed to price. Traditional commercial hard money loan programs are very high risk and have a higher than average default rate. If the property owner defaults on the commercial hard money loan, they may lose the property to foreclosure.

The property owner may have to sell the property in order to satisfy the lien from the commercial hard money lender, and to protect the remaining equity on the property. Commercial hard loans are issued to a business entity or individual signing on behalf of a business entity or corporation. These commercial hard money lenders all have varying degrees of benefits as well as downfalls in terms of choosing a commercial hard money loan lender. Working with a commercial hard money lender from the area means that from the very first meeting, the investor and the borrower can talk about assets and liabilities regarding the property itself. The discussion about commercial hard money lender practices brings up an extremely salient point.

Apply today for a commercial hard money loan.

8017 S Saginaw Chicago pictures

Great buy on this 2 flat, needs some TLC. 2/1, 2/1 no garage

Rents around $1,000 per month

We will owner finance with good down payment

SALE PRICE: $119,000

After Repaired Value: $199,000

Estimated Rehab: $10-15,000

FINANCING AVAILABLE

Square Footage: 3,100

Great income opportunity, can rent out 4 units.

4 unit with Finished basement/ attic with efficient kitchens and baths. Property has been rehabbed.

8 Beds/ 4 Baths: No Garage, Full Basement and Attic. Across the street from school

Financing Available

Click below to see pictures.

5623 Marshfield Pics 05-2019

Private Lenders are looking for a better Return on Investment

Investors have long struggled with the fact that the market no longer bears great returns as it used to. Days past when things seemed to be even keel, it wasn’t so hard to make an investment and see a decent enough return that you could see your future as comfortable. Bottom Line; Return on Investment has taken a shot right at the water line.

Since the Alt+a meltdown, there have been multiple shifts in the markets. So great have these shifts been that many lost most of what they had saved and invested. We all know the story by now that 401Ks became 101Ks. (yes old joke now, but still quite real) Getting a good Return on Investment was becoming and is still getting harder to realize…or is it?

Becoming a Private Lender was something many never wanted to hear because it was unfamiliar. However, over the last few years it has gained some popularity as the Return on Investment has gotten to be much greater than anything the markets have been able to provide. Advisors are telling investors they can get a better Return on Investment if they just “ride it out”. History should show that though the markets do return, they usually come at a cost; mostly your money.

Where can a greater Return on Investment be?

This has been a question on may Investor minds as of late, and even thought the advisors pushing the stock market may have their speculation, there is no guarantee that the Return on Investment will come at a rate that will even cover the cost of the broker or advisors fee. (I have a rant on that one some other time)

As of late new trends show that higher Return on Investment can be realized through becoming a Private Lender. < That link will take you to a report that shows how you can not only beat the bank, but BE the bank and help other active investors realize their wealth building plans. You simply become the lender and get a greater Return on Investment. This can greatly benefit your plan and almost put it on a fast track to get back to 401K status.

If you haven’t seen or done that kind of investing, that’s ok. We’re here to answer questions and have a bunch of videos online that you can begin to see how Becoming a Private Lender can change your Return on Investment from 2-3% to as much as 10-12%!

Click on the link below to get your free report and start learning how you can change your future by becoming a Private Lender.

Private Investors get greater Returns as Private Lenders

A Historic Home for a New Family

In a new Fixer Upper transformation, Chip and Joanna Gaines help a couple upgrade a 1927 brick Tudor, making it modern and family-friendly while retaining its elements of classic charm.

Courtney and Joey Scrivano have a new baby and are looking to move from their modest loft space into a house that’s more suited to raising a family. They found a historic house they love in a great neighborhood and snatched it up for the asking price of $270,000.

So no big suspense at the outset of this Fixer Upper project; Chip and Jo knew from the start what they were getting themselves into. (Well, sort of.) Courtney and Joey essentially wanted to enlist the help of the Gaines in order to tweak spaces to make the home more functional and, importantly, to add a true master suite — which the house was lacking. The renovation budget: $200,000.
We’re willing to make the investment and some sacrifices to make this the home of our dreams.
homeowner Courtney Scrivano
Though they’re looking for some pretty serious tweaks, the Scrivanos don’t want to abandon the home’s key vintage features or lose its inherent classic charm. Take for example the gorgeous (that’s Chip’s descriptor) original hardwood floors.

Or the stylized built-in bookshelves that echo the home’s arched doorways and cased openings. Fortunately, when it comes to preserving what’s right about an old house, the Gaines and the Scrivanos were on exactly the same page.

A sizable challenge comes in the form of an add-on room on the front of the house that appears to be an enclosure of what had once been a porch. To porch or not to porch; that is the question. There’s also the small kitchen bound on one side by an oddly placed staircase. For Team Fixer-Upper, the latter is deemed an easy fix. (We’ll see.) Again, quotes Mr. Gaines: “We got this.”
They’re really magicians, so we’re just so thankful that we have this opportunity to work with them. ”

Then there’s a very special new master bath and an standout feature in terms of the floor. This time it’s Chip and Jo’s contractor Shorty who gets to be the wordsmith — turning the phrase “pisos favoritos”.
As for those quintessential Fixer Upper moments, you can count on ’em. Watch for a touching father-son baseball moment between Chip and Drake, an attempt to set a record at brick tossing and the passing of the loofah.

Article by: David L. Haynes

Show:  Fixer Upper, HGTV