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All Forum Posts by: Claudia Saltijeral

Claudia Saltijeral has started 1 posts and replied 4 times.

Post: 24 Unit in Chicago Suburbs - seeking advice

Claudia SaltijeralPosted
  • Real Estate Agent
  • Aurora, IL
  • Posts 4
  • Votes 0
Sam Amir WOW! Thank you for the lengthy information. It's nice to be reassured that I'm on the right track in gathering my information. I have requested the rent roll to try to obtain more detailed information about vacancy rates but I will make sure to go down this list and have all of these questions answered. Thank you again! I am amazed at how this community really has so much insight.

Post: 24 Unit in Chicago Suburbs - seeking advice

Claudia SaltijeralPosted
  • Real Estate Agent
  • Aurora, IL
  • Posts 4
  • Votes 0
Troy Beebe thank you so much!!! Yes, all the help I can get. I have a message into the agent to get the rent roll information already. The listing does not say whether they use a management company or they self manage which I also requested.

Post: 24 Unit in Chicago Suburbs - seeking advice

Claudia SaltijeralPosted
  • Real Estate Agent
  • Aurora, IL
  • Posts 4
  • Votes 0

@Dorothy Wulf, We have an investor that we will be partnering with. He will be putting the down payment as he is not in the area and does not want to be hands on. We have enough to put 20% down. 

Post: 24 Unit in Chicago Suburbs - seeking advice

Claudia SaltijeralPosted
  • Real Estate Agent
  • Aurora, IL
  • Posts 4
  • Votes 0

Hello,

I am fairly new to the BP forums but listen to podcasts regurlarly. My husband and I are buy & hold investors in mostly single families and a couple of 2 units. We have an opportunity to review an opportunity in a 24 unit multifamily and I have never ran numbers on such a large scale. I would never recommend a deal to any investors if it's not a deal I wouldn't do myself. The propoject is offering a 10% Cap Rate. I feel a bit overwhelmed and want to make sure I am running these numbers as accurately as possible. Where do I start???