iFLIPCHICAGO PROGRAM HIGHLIGHTS
iFlipChicago is a premier real estate group that focuses on providing hands-on learning
experiences to new real estate investors with regards to buying, rehabbing and selling
single-family homes across the Greater Chicagoland Area.
PRIMARY OBJECTIVES
1) EDUCATION – iFlipChicago Bootcamp ($600): iFlipChicago has designed a real
estate bootcamp course that trains real estate investors on every area of “Flipping”
properties in today’s market. It’s a comprehensive course that deals with successive
strategies to aggressively flip properties in this market. The bootcamp meets once a
week for an hour for 8-10weeks. Course Details include:
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Identifying “hot” market areas within the Chicagoland Area
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Understanding the real estate “Formula” to flipping properties
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How to Identify Construction Costs WITHOUT a General Contractor
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Designing Homes
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Developing Buyers Lists
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Wholesaling Properties
2) ACCESS TO CAPITAL: iFlipChicago is a Rehab Loan and Credit Funding Broker that
assists with funding needs of our members who don’t have the necessary cash
reserves to start their real estate business.
Here's a brief overview of the rehab funding and credit funding iFlipChicago provides for our
clients:
Rehab Funding
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10-20% Down Payment of Purchase Price paid at closing
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Points are between 3.5 - 5pts on the Total Loan paid at closing
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10-12% Interest-only payments paid monthly until you sell or refinance
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Includes 100% of the rehab up to 70% LTV
Business and Personal Credit Funding
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680+ minimum credit scores on all three bureaus
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Up to $25,000 - $150,000 (Loans, Lines of Credit, and Credit Cards)
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15% One-time Fee of Total Funding
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3 - 4 weeks to close on funding
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Interest rates vary per bank
*YOU DO NOT NEED GOOD CREDIT TO JOIN REAL ESTATE BOOTCAMP
3) JOINT VENTURE PROGRAM: iFlipChicago has designed the best JV Platform for real
estate investors in Chicago. Our JV Platform is designed to walk our members
through the entire process from A to Z by joint venturing with our members on their
first rehab project.
Joint Venture Platform
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Preapproval with Credit Funding (if needed)
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Identify Profitable Investment Properties to Purchase
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Preapproval with Rehab Lender
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Provide Construction Bids, Scope of Work and Home Design before Closing
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Closing Process with Member and Attorney
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Coordinate Draw Schedules, Lien Waivers, and Timelines
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Manage Day to Day Construction with Contractors and Architects
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Schedule Open Houses with Realtor and Member
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SELL PROPERTY
Each Joint Venture Agreement details iFlipChicago duties. iFlipChicago Joint Venture
compensation is only 30% of the total profit after all expenses have been paid back to the
Buyer (iFlipChicago Member).
iFlipChicago Team
Ramo Bey – Owner, Coach, Rehab and Design
Michaele Bey – Owner, Broker, and Home Designer
Jacob Bey – Marketing
Kajuan Bivens – Website Management
Alex Ranjha, Ranjha Law – Attorney
Roger Simmons, Simmons Construction – General Contractor
Jose Orduno, J&D Construction – General Contractor
Cyrus Rivetna – Architect