In this episode, Fernando will talk about his Fix and Flip deal in Schaumburg, Illinois.
It is a very interesting and unique property because it has a lot of lessons built into it.
The property has been stuck in probate for more or less 7 years. When the owner finally moved the property from probate she decided to sell it. At the same time, she is also building a house in Florida and expected to move- in into that home on December 15, 2020.
Although before she could move in, the builder of her house in Florida required her to pay all the cost by December 14.
Thus for the need for Fernando’s team to sell the other property in Illinois.
The house was built in the 1970s. It’s a 3,000 sqm floor area property with five bedrooms and two and a half bathrooms. It has a full basement with a pool table and bar. It also features a spa room with a hot tub. It has an outdoor pool as well. It sits on 1.2 acres in the middle of forest preserves that gives a very secluded ambiance.
The only issue with the house is it’s super outdated and a lot of things are not up to code which brings a lot of safety issues. This gives Fernando’s team a lot of work to Fix and Flip this house.
If you want to learn more about how and how much Fernando’s team spent in fixing and flipping this house, 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,
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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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