The same four steps,every property.
Property selection, deal finding, renovation, resale. Repeatable on purpose, because a process that changes with every deal is not a process.
-
Property selection
Not every property is a deal. The first job is deciding which ones are, and the filter is whether there is genuine room to add value. We select properties that need rehabbing rather than buying whatever is available, because a property bought wrong cannot be renovated back into a good decision.
- Condition assessed honestly, not optimistically
- Finished value estimated against the actual block
- A pass is a legitimate outcome
-
Deal finding
Local knowledge and industry experience are what surface the deals worth having. Chicago and its suburbs are not one market, they are dozens, and the difference between them shows up in the resale number rather than the purchase price.
- Focused on Chicago and the surrounding suburbs
- More than two decades of experience in this market
- Neighborhood-level judgment, not a state-wide net
-
Renovation
Managed from demolition through final walkthrough. The renovations are not just quick, they are finished properly, because an unfinished detail is the thing a buyer remembers and prices against you.
- Scope set before work starts
- Managed start to finish by the firm
- Quality checked before the property goes back to market
-
Resale
We handle the sale of the renovated property and price it against the improved value. This is where the earlier discipline either pays or does not, and it is the only step that settles what the deal was actually worth.
- Priced against finished value, not entry price
- Sale managed by the firm
- Outcome measured against the plan set at acquisition
Where each side fits in.
Homeowners meet this process at step one, when we are deciding whether a property is right and what we can offer for it. Capital partners meet it between steps two and three, once a property is identified and the plan is set. Both are looking at the same sequence from different ends.
Questions about how a specific property would run?
Call (630) 489-4075 Monday through Friday, 9am to 5pm Central.