Posts tagged "flipping"

Casting Call For The Deed: Chicago

Casting Call For The Deed: Chicago
As you know I’m a fan of the CNBC TV show The Deed: Chicago, which focuses on turning around flailing real estate flip projects. I did a recap and analysis of Episode 1 from the first season here: Think You Want To Flip Homes? Watch The Deed: Chicago. As in that episode the show does... Read more »

Think You Want To Flip Homes? Watch The Deed: Chicago

Think You Want To Flip Homes? Watch The Deed: Chicago
About a year ago I was approached by a TV producer who wanted to know if I had any clients that were trying to flip a home in Chicago but were in deep trouble on their project and needed help. The premise of the show was that their savior was going to parachute in with... Read more »

Did this investor really make $225,000 flipping this Chicago condo?

Did this investor really make $225,000 flipping this Chicago condo?
I’m not exactly sure what actually creates the opportunity for flipping condos (profitably) but I’m seeing more and more examples of this lately. It’s probably due to a change in the tastes of home buyers, such that most of the available inventory is perceived as outdated, and an unwillingness (or inability) of home buyers to... Read more »
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Flipping Multi-million Dollar Properties

This is one of several interesting real estate stories that appeared in Crain’s yesterday. A trader named Igor Chernomzav, a co-founder of Hard Eight Futures LLC, bought a 12,000-square-foot condominium on the 56th and 57th floors of the Elysian Hotel & Private Residences. He paid more than $7.25 million for a unit that he plans... Read more »