The Remarkable Journey of Frank Lamark in Transforming Undervalued Properties
In a landscape often dominated by traditional approaches to real estate, Frank Lamark of Lamco Investments stands out as a visionary. His knack for transforming undervalued properties into vibrant community hubs has carved out a new path in the Midwest’s real estate market. Lamark’s journey from an auto industry salesman to a real estate maven […]
Case Study: Graham Court, Ingleside, IL 60041
1) Text Strategy – MLS Failed Listing 2) Texed them on Wednesday, January 27, 2021 1:12 PM Your agent failed to come through? Your House sat way too long and you didn’t get the price you wanted? WE PAY FULL PRICE! Do you have time to chat later? -Frank […]
Case Study: Fox Lake Illinois & Antioch, Illinois
4) Phone conversation got started by the seller calling us back immediately. I asked a series of qualification questions then set up a time to meet the seller later the same day at the East Ave house pictured here 5) After meeting the seller at the East Ave house he was only interested in a […]
Gingerbread House – Lake Geneva Wisconsin
This house came to us by a local wholesaler who knew the seller. The seller was in a sticky situation where he demoed the house and couldn’t afford the time and money to put it back together. We acquired the house as a land contract with the following terms: $147,000 purchase price (more than what […]
Case Study: AirBNB Gated Lakefront Home & Cottage on Pistakee Lake. 7 bd5 ba 3,644 sqft Johnsburg Illinois
Texting Strategy – MLS 100 Days or Older Texted them on Thursday, February 25, 2021 12:49 PM Text Transcription: (Buyer) I could possibly have a problem solving solution for you Terry about your proprty at Johnsburg. I believe in paying it forward and Im only where I am today thanks to the generosity of others. […]
Subject To Mortgage Sale
What is a “Subject to” sale on a home? Simply put buying “subject to” means buying a home subject to the existing mortgage. It means the seller is not paying off the existing mortgage and the buyer is taking over the payments. The unpaid balance of the existing mortgage is then calculated as part of the buyer’s […]
Case Study: How I Turned Articles of Agreement for Deed (owner financing) converted into a BRRR Property Rental for a 15% cash on cash return. Lake House in Antioch, IL
What is a Articles of Agreement for Deed? Also known as a “Land Contract” or “Contract for Deed” in some states. An AAD is an agreement between a home buyer, under which the buyer agrees to pay to the home seller the purchase price (plus and agreed upon interest rate) in installments over a set […]
Case Study: Fix & Flip – Pistakee Dr, McHenry IL
3 Bedroom 1 Bath 1080 sqft Ranch with Detached 2.5 Garage Flip Details Purchased on:01/17/20 Purchased From:MLS Major Changes: Tile Flooring, Interior paint, New Kitchen Cabinets, New Appliances, Granite counter tops, Bathroom gut / remodel, Garage Siding, New Exterior doors, New interior doors. Work Complete Target:03/01/20Purchased For:$80,000Estimated Carrying & Selling Costs:$TBD Estimated Repair Costs:$22,500 ARV – […]
Case Study: Articles of Agreement for Deed. Antioch, IL
What is a Articles of Agreement for Deed? Also known as a “Land Contract” or “Contract for Deed” in some states. An AAD is an agreement between a home buyer, under which the buyer agrees to pay to the home seller the purchase price (plus and agreed upon interest rate) in installments over a set […]
Case Study: Buy & Hold Maple St Antioch, IL
BRRRR – Buy, Rehab, Rent, Refinance, Repeat This post is going to be a little bit long—but I want to give you a real life case study of a deal I recently did—and show exactly how I made $40,000 on this investment. For those reading this and are unaware, BRRRR is an acronym for: Buy, […]