For this episode, Fernando will talk about a “sticky” deal that happened in South Holland.
Being a sticky deal this gave them the reason to go to a wholesaler or someone who can pay cash quickly.
This property has a lot of family issues. The father is the owner of the house, the daughter lives in that house but hasn’t been paying any rent as the father’s claim. And of course, the daughter has her own side of the story as well.
Fernando tries his best to be professional by not taking sides. He still provided his services even though the property is in really rough shape. There are also a lot of things that were done to the house that was not up to code.
This could be a problem in selling this house to a retail buyer because it’s going to get an inspection. Because all those issues with regards to the house will come up and the retail buyer is going to ask for a large credit to repair those or else it will not be allowed to sell and transfer.
If you are interested in hearing the story of this wholesale deal and how Fernando and his team handled this “sticky” deal, just continue watching this video.
Fernando O. Angelucci is the Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
Find out more at
https://www.thestoragestud.com
http://titanwealthgroup.com/
Listen to our Podcast: https://thestoragestud.podbean.com/
Titan Wealth Group operates nationwide sourcing off-market investment properties for Titan Wealth Group’s acquisition as well as servicing a network of thousands of active real estate investors worldwide. Prior to founding Titan Wealth Group, Fernando worked for Dow Chemical, a Fortune 50 company, rolling out a flagship product estimated to gross $1B in global revenues.
With an engineering background, Fernando is able to approach real estate investing with a keen analytical mindset that allows Titan Wealth Group to identify opportunities and project accurate pictures of future performance.
Fernando graduated from the University of Illinois at Urbana-Champaign with a B.A. degree in Technical Systems Management.
Titan Wealth Group was founded in 2015 with the vision of gathering individual investors that have the means to invest but lack either the time to find high-yield investment opportunities or the access to these off-market deals. All too often, founders Fernando Angelucci & Steven Wear came across investors who had deployed their capital only to regret the lack of consistency or degree of returns their investments were producing. In response, Titan Wealth Group provides access to highly-vetted real estate secured investments and off-market acquisition opportunities primarily in the Greater Chicago MSA. Today, Titan Wealth Group not only assists individual investors but has grown to support the acquisition goals and capital deployment of investment groups, private equity firms, and real estate investment trusts (REITs).
As a facilitator of wealth growth, Titan Wealth Group believes that success is not limited to the sum of our efforts and is infinite with what can be accomplished through partnership.
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