Fermin Saucedo, Director of MACK Estates, was featured on a segment of Inside Edition this week. The expose featured the home of former NBA player and Chicago native Antoine Walker. Mr. Saucedo had the pleasure of giving the Inside Edition crew a tour of the entire estate. This estate has a four-car garage, fully finished basement, home theater system, an indoor pool, full outdoor basketball court, nine bedrooms, each with their own walk-in closets and attached bathrooms, and a gourmet kitchen. This beautiful mansion was built for $4 million and it is being sold for a mere $1.79 million. Click Here to view the Estate Listing
FOX Business ran two segments last week with regard to investing in the single-family asset class. MACK Companies CEO and president James McClelland and Eric Workman, MACK Companies VP of Sales and Marketing were both interviewed. Fox Business wanted to shed the light on the increased interest in single-family home investments. Who better to talk to than MACK? Mr. McClelland spoke to the immense desire for volume from Wall Street. Mr. Workman had this to add ”Institutional investors have come into this market in a big way,” and that they either they want to enter into this line of work like MACK or merely want to acquire the asset.
Please click below to watch the interviews:
We recently had the opportunity to sit down and chat with RealYields, a company which provides MACK with a real estate financial analysis tool which we have integrated with our web site to display our available inventory. Chris Hess, MACK’s Digital Marketing Manager, spent some time discussing the current state of the market, implementing new tools into a business and how RealYields has helped MACK Companies generate more sales.
Chicago recently experienced a historic record-breaking string of humid, 100-degree days. We are thankful and relieved for the cooler temperatures after a three-day string of triple digit temperatures, which reached 102 degrees on Wednesday, and 103 degrees Thursday and Friday. We wanted to extend an enormous thank you to over 150 MACK employees and contractors who worked hard in very challenging conditions to keep our company’s work on schedule.
Forbes featured MACK Companies in this month’s issue and they had this to say, “If you haven’t the time or temperament to supervise renovations or renters, consider “turnkey” property investing.” New companies are popping up everyday but we here at MACK believe we do it best and our investors can speak to that.
An article came out this week speaking to home prices rising nationally across the country. Invariably the question has been placed to MACK, “Is that a good thing for your business?” … and the answer is Of Course!
At MACK we have a two mantras that we run our business off of. If you’ve been to our office, listened to our radio interviews and webinars or attended a presentation, you’ve heard them both – over and over again! The first is that “Brick and mortar never made a mistake”. The second, and one we’re going to focus on today, is –Wealth in real estate is made through equity, not through cash flow.
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.”
Chicago Agent Magazine recently ran a story about Fermin Saucedo joining MACK Estates as it’s director of sales. James McClelland, president and CEO of Tinley Park-based MACK Companies, made the announcement. “We are excited to welcome someone of Fermin’s caliber to the MACK team,” said McClelland. “As the nation’s appetite for high-performing real estate investments continues to increase, the demand for our properties is soaring.”
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.
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.