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.
This 9-bedroom, 9-bath home spans about 12,000 square feet above grade on a 1-acre site adjacent to the 8th hole of the Odyssey Club golf course. It has an indoor pool and, of course, an outdoor basketball court. Walker spent more than $4 million on the home, but lost it in foreclosure.
You may have heard about Michael Jordan recently putting his home on the market but he is not the only ex-NBA player to do so. The Tinley Park mansion of Antoine Walker, the former Boston Celtics and Miami Heat star, will also go on the market in about six weeks. The home features a four-car garage, fully finished basement, dual walk-in closets in the master suite, three custom fireplaces, granite countertops throughout, imported marble and wood floors and an indoor pool and hot tub.
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.
A truly beautiful five bedroom gem located in the Roberts Cove subdivision of Flossmoor, Illinois at 262 Cove Drive! This lovely home features a large master suite and four spacious bedrooms. This house also features a full basement, a brick fireplace, hard wood floors throughout and a ton of great light thanks to the home’s skylights.
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.
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.
Jim McClelland, CEO of Mack Companies, was on the air with John Williams yesterday afternoon. An article was just written about him in the Real Estate column on Chicagomag.com by Dennis Rodkin. Jim spoke about MACK Companies continued success providing single-family, turnkey investment properties and help answer calls from listeners.
Buying foreclosures to turn them into rental properties is tricky business. Mack Companies, a Chicago real-estate firm, invests in about one out of every 40 homes it inspects. MarketWatch’s Amy Hoak looks at why some make the cut and others don’t
The Tinley Park mansion that the former NBA star Antoine Walker lost in foreclosure when hedeclared bankruptcy in 2010 was left in sorry condition. Water stood waist-deep in the basement, murky goo filled the indoor pool, and at least 32 light fixtures were gone. But Jim McClelland Jr. and Eric Workman saw an opportunity.