- Richard Aldana | 59
- Contributions: 59
Screen name: Start Rehab LLC
Member since 09/19/2006
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Real Estate Professional
- Office:
- (773) 775-9700 ext. 112
- Mobile:
- (773) 616-7464
- Fax:
- (773) 775-9778
- E-mail:
- raldana@startrehab.c ...
- Web:
- www. startrehab.com
- View my listings (18)
About Richard Aldana
Add personality to your profile! Tell the community about yourself, your home, and your profession.
REHABBING MADE EASY .....
This is an Introduction to the wonderful world of Rehabbing !!...You can make alot of money in a little amount of time by taking one of the many properties my company currently owns and fix it...Thereby creating equity !!...and that equity is yours !!
» Step 1
The first part of this process is to find out if you have the credit needed to secure a mortgage if you desire to purchase and keep the property. The last thing I want to do is take your money and let you invest in the rehab to later find out you cant get financing !! That isn't fair to either of us. My Goal is to make sure you succeed from beginning to end ...and fully understand the points of my Program....But.....You don't necessarily have to keep the building either. What if you were to fix it, and have an end buyer lined up to purchase the building at a profit !? What if we were to help you find a senior citizen buyer aged 70 -75 or older and paid you 60 to 70 cents*** on the dollar profit on your investment for the work that you performed ? This is a Reverse Mortgage and is another way to almost guarantee a profit.... (***)" The profit amount depends on the quality of the work performed".... "You cant just slap a coat on the wall and expect to make 30k - 40k"... AND WE DON'T EXPECT YOU TO TRY TO RE-CREATE THE TAJ MAHAL EITHER !! All of the late night programs touting the get Rich quick schemes are just that...Schemes !!!.... They are just trying to sell you a book..or a DVD...or something !! I'm not trying to sell you a damn thing !! What we at Start Rehab do, is allow you to be hands on and actually control the rehab and your profit margin !! Who else is going to allow to do something like this !?...NO ONE !! ...And the last thing is ....."The key to success is not being greedy" when it comes time to close !!! What I mean is, being able to leave a percentage of the profit for the potential buyer as an incentive to buy immediately ....example: If there is $80,000 worth of equity developed in the property ...what if you left 40k in it for the buyer !? You still make 40k ...and its another reason for the buyer to purchase !!
» Step 2
The points of this program are simple ...1st) You have three months in which to complete the rehab. Most contractors get these done in 1- 1 1/2 months anyway, ...so 3 months is more than enough time to finish. 2nd) $5,000 is required to take a property. This is earnest money and is applied towards the purchase price of the property. 3rd) Get Insurance on the property...God forbid something happens while your working. Your covered and my company is covered. 4th) You pay 1% interest on the Balance. ... Example: If a building is $50,000 and you apply 5,000 earnest funds....the balance due is $45,000.... 1% being $450.00 per month. .... And the final most important point is ....Your buying the building..."AS IS" !!..If there is anything that need be done...your going to be fixing it !!...All costs associated with the deal are yours.
» Step 3
And finally your closing options. Keep it ..Sell it ...Rent it ....Flip It ...you decide what will work best for you !!....I've been told many times .."Why sell a money making machine" !?? ...If the building is making positive cash flow ...and you have a lot of equity in the building...and the mortgage is being paid by the renter ...WHY SELL IT !!?....That's the hardest decision you will ever have to make !!...If you ever had the desire to make money in Real Estate and wanted to make it with Little to No Risk at all.......Call Rich Aldana @ 773-616-7464 Start Rehab LLC !!
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Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow.com, please let us know by completing the information below.
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| Contributions | Count | |
|---|---|---|
| Q&A: | 22 | 2 |
| Articles: | 0 | 0 |
| Discussions: | 0 | 0 |
| Photos: | 37 | 0 |
| Reviews Written: | 0 | 0 |
| Total Contributions | 59 | 2 |
Zillow Local Expert Badge History
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Englewood: October 2008 to Current
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Chicago: October 2008 to Current
Richard Aldana's Recent Contributions
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Saved a favorite home. 3 days ago
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Created a listing for 11418 S Indiana Ave, Chicago, IL 60628 October 01
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Saved a favorite home. October 01
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Edited facts about a home. October 01
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Created an estimate. October 01
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Created a listing for 10745 S Wentworth Ave, Chicago, IL 60628 September 30
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Edited facts about a home. September 30
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Created a listing for 5916 S Laflin St, Chicago, IL 60636 September 29
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Created a listing for 11531 S Yale Ave, Chicago, IL 60628 September 29
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Edited facts about a home. September 29
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Created a listing for 5952 S Lowe Ave, Chicago, IL 60621 September 23
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Saved a favorite home. September 22
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Created a listing for 5746 S Hoyne Ave, Chicago, IL 60636 September 19
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Edited facts about a home. September 19
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Edited facts about a home. September 11
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Created a listing for 639 W 61st Pl, Chicago, IL 60621 September 09
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Set status to sold for 11213 S Wallace St, Chicago, IL 60628 September 09
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Edited facts about 2 homes. September 09
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Saved a favorite home. September 02
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Created a listing for 9142 S May St, Chicago, IL 60620 August 28
