Real Estate

Schwaps ( http://www.schwaps.com ) accesses a 3/1, 900 sq. ft. rehab property at 1206 North Clock, Champaign, Illinois 61820. This property may be put under contract and assigned to a rehabber. The property needs approximately $20K of work and will have an ARV of approx. $40K. The property may be offered for $8K. This property would be ideal for Section 8 and could gross approx. $900 monthly in rent, which could cash flow upwards of $500 monthly. Stay tuned for updates.

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This should be the LAST video on the subject for a while. Well I recieved a call from the Mayor directly a couple of days ago – and he seems like a stand-up guy. He can’t overturn the Westland Housing Commission no matter how far from their own guidelines they stray. It sounds like HUD is the only way to go.

So that’s the direction that I’m going to take.

My advice is to stay away fron the Westland Housing Commission if you want good tenants. They have zero regard for rental property owners.

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Lots of activity this morning in my business – got one rental house back and rented an apartment and showed a second one. It’s never dull when you own rental property!

The fun is coming up shortly – we’re heading out later to cut down our Christmas trees.

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