2010-07-13
Mack Debuts New RECAP Investment Program
07.13.2010 – TINLEY PARK, IL -- For a small percentage of investors, buying and renting foreclosed homes has proven to be a financial boom. Yet for others it's become a boondoggle, consuming thousands of dollars in housing repairs and legal fees, along with countless hours of unexpected landlord duties.

To help overcome the barriers to successfully investing in bank-owned homes, Mack Companies, the Midwest's largest home redeveloper, has introduced the Real Estate Cash-flow and Appreciation Program (RECAP).

RECAP represents the lowest cost, highest ROI and easiest approach for small investors to profit from high-quality, positive cash-flow real estate. Importantly, RECAP also puts an expert at the small investor's side, a "wingman" with more than a decade of specific experience in buying, redeveloping and leasing bank-owned properties.

"If you don't know what you are doing, one disastrous investment can wipe out your life savings and your enthusiasm for real estate," explained Jim McClelland, Mack's President. "RECAP is a much better approach. Rather than buying chancy foreclosures at auction, we are giving investors the unprecedented opportunity to purchase tenanted, professionally-managed and completely redeveloped homes at excellent prices that will help build their net wealth to achieve financial independence."

RECAP investors purchase homes from Mack's extensive inventory of properties located in stable, appreciating areas throughout Chicago's south and west suburbs. RECAP homes are in pristine condition, guaranteed to be structurally sound, including roofs, walls and siding, foundation, plumbing systems, electrical, HVAC and appliances. For a small monthly fee, Mack professionally manages investors' RECAP properties so they don't need to deal with time-consuming tenant problems, property maintenance, or rent collection. This fee also includes rigorously screening prospective tenants.

Along with long-term appreciation, RECAP provides investors with predictable monthly income. Each month the investor receives a rental check that will cover mortgage, management, taxes and insurance, plus $200-300 per home in positive cash flow. Because of their excellent condition, demand by renters for RECAP homes is very high. Average tenant tenure is five years and the new tenant waiting list now stands at more than four months.

One of the great challenges of buying real estate today is lining up financing. However, RECAP investors are given access to Mack's many banking partners, some of the largest and most stable in the Chicago area, to assist in smoothing out the purchase process.

For more information, please visit www.mackcompanies.net. Or call 708-532-9243.

ABOUT MACK COMPANIES
Headquartered in Tinley Park, Illinois, Mack Companies invests, redevelops and leases out bank-owned properties throughout the south and western suburbs of Chicago. Mack Companies is comprised of Mack Industries, LTD, Mack Investments, LLC, and Mack Property Management Company, LTD.