MACK Companies

Chicago Tribune: Investors scouring Chicago for foreclosures

mackcompanies — Mon, 14 May 2012 16:11:09 +0000

The Chicago Tribune just recently reported on how locals and out-of-towners alike are in a rush to snap up homes for rehab, resale or, increasingly, to convert them into rental properties. The article points out that the housing analytics firm CoreLogic recently cast a national spotlight on the Chicago area, identifying it as one of the more attractive markets for a foreclosure-to-rental investment strategy. One of our investors, Sergey Bitelman was interviewed and he spoke about why he partnered with MACK to “capture below-market prices.”

Please click here to read the entire article

MACK Companies is featured in Chicago Agent Magazine!

mackcompanies — Tue, 08 May 2012 21:42:39 +0000

Chicago Agent Magazine proclaims that “MACK Companies Brings Luxury Back to Ex-NBA Player’s Mansion.” We must admit that this home was by far the most distressed property that we have ever worked on in this price range. The basement of the home was flooded and contained about 6,000 square feet of water that was about four feet deep. After removing the water, the entire 6,000 square feet had to be remodeled and extensive construction to bring the house back up to code standards after the damage had to be done.Thanks to our many years of experience, MACK has been able to make this gorgeous home an affordable value without compromising our high standards of quality. Please read more about this mansion’s almost 19,000 square feet priced under $2 million by clicking here.

Real Estate Investment Opinion Maker & Market Leader award

mackcompanies — Thu, 03 May 2012 20:05:23 +0000

We are pleased to tell you that MACK Companies has been selected by Personal Real Estate Investor Magazine for The Top 50 Real Estate Investment Opinion Maker & Market Leader Award. Annually Personal Real Estate Investor Magazine recognizes those individuals and businesses demonstrating vision, understanding, and a plan to bring investment services and products to this unique market of repeat real estate buyers.

Please click here to view the list of winners

MACK: The No. 1 Reason Why Real Estate Investments Fail

mackcompanies — Wed, 25 Apr 2012 16:39:57 +0000

MACK Companies is the Midwest’s largest owner of single-family investment properties for a reason and we believe that a good deal of our success is due to our unique AAA+ Investment Strategy. The San Francisco Chronicle recently ran a story in which James McClelland, CEO and president of MACK Companies sets the record straight regarding misconceptions some investors have regarding successful real estate investment.

Please click here to read the entire article

MACK Companies conducts webinar for Australian Investors.

mackcompanies — Tue, 10 Apr 2012 18:54:16 +0000

Eric Workman, MACK Co’s Vice President of Sales recently held a webinar for Australian investors about our twenty three plus years of industry experience, the market, and available cash flow properties. It just goes to show that investors the world over are very interested in MACK’s unique investment opportunities.

Please click to download the webinar

MACK speaks to Chicago Agent about Realtor programs

mackcompanies — Fri, 30 Mar 2012 14:30:52 +0000

We believe that trust is the foundation of partnerships forged between new home builders, real estate investment companies and agents. A growing number of Chicago-land builders and re-developers offer specialized Realtor programs. These Realtor programs encourage agent participation and offer great incentives for their clients.

“Rather than showing dozens of properties in a flooded market to overwhelmed buyers, an agent can bring us an investor who quickly sees the advantages,” he says. “We pay the agent $2,500 on every sale that buyer makes for two years.”

Please read the entire article here

“I’d buy up a ‘couple hundred thousand’ single family homes”

mackcompanies — Thu, 01 Mar 2012 19:17:48 +0000

Warren Buffett recently appeared live on CNBC’s Squawk Box with Becky Quick and spoke about the opportunity associated with investing in single-family homes. Mr. Buffett says, “If I had a way of buying a couple hundred thousand single-family homes and had a way of managing them, I would load up on them.” Buffett goes on to say that if held for a long period of time and purchased at low rates houses are even better than stocks.

It’s very obvious that we at MACK believe single family homes is the best asset class to invest in. We have also strongly said that property management is THE greatest key to our success and any investor’s success in investment real estate. Mr. Buffett even points out that “having a way to manage them” is his greatest impediment to purchase.

So he believes that single family homes are better than stocks and that property management is key to the investment’s success. Sounds like MACK, our investors, and Warren Buffet are philosophically aligned. History shows that from an investment perspective, that’s a pretty good place to be!

Read the entire article by clicking here

MACK’s Featured Property of The Week!

mackcompanies — Tue, 21 Feb 2012 15:07:15 +0000

We just recently completed renovating this lovely home located within a wonderful area. The home has three spacious bedrooms and two newly renovated bathrooms. Located at 17540 Sycamore Lane in Country Club Hills, Illinois. This is a must see!

Here are the financials:

Price: $130,ooo

Rent: $1,700

Cash Flow:$445.02

Cap. Rate:9.24%

Lev. Return: 20.54%

MACK’s Featured Property of The Week!

mackcompanies — Tue, 14 Feb 2012 17:02:22 +0000

A beautiful and spacious home located in a great community! A huge master suite is accompanied by four other rooms. Gorgeous crown molding can be seen throughout this house as well as in-laid wood flooring. Large garage, finished basement and stainless appliances in the kitchen.

Please click here to view the listing

Fox News Chicago: Getting a deal on Foreclosures

mackcompanies — Mon, 13 Feb 2012 14:14:38 +0000

Chicago – With so much negative news about the housing market recently, it’s hard to believe there are any bright spots. But experts say there is one area of real estate that’s extremely hot right now: foreclosures. In fact, business is booming for one south suburban company, who recently flipped a foreclosed mansion in Tinley Park.

Dennis Rodkin, the Real Estate columnist for Chicago Magazine, joined Fox News Chicago with tips on how to take advantage of foreclosures on the market.

Fox did not archive this article and is no longer available.