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All Forum Posts by: Jaime Frausto

Jaime Frausto has started 7 posts and replied 72 times.

Post: Help! Need Property Management Sofware/Service.

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18

My tannest direct deposit to my bank. I manage 11 doors and my biggest confusion is when tannest deposit different amounts due to late fees I don't know who to give the credit to without calling them to verify.  Any ideas that can eliminate this.

Thanks

Post: New Investor from SW Suburbs of Chicago

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18
Investor from Joliet area . Welcome

Post: Does this electrical quote seem high?

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18
Seems a little high but make sure u get 3 estimates. Also ask them about how many hours do they anticipate. That way u have an idea of price per hour to compare , buy me in Illinois suburbs its bout 65$/hr. Good luck

Post: Hello from Chicago, IL!!

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18
What kind of cap rates are you getting in north Chicago?

Post: Tenant asking to leave month to month lease early

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18
She is doing u a favor.

Post: Can't get a renter

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18
Paying closer attention to vacancy rates before u buy for hold is super important. Good luck

Post: Newbie from Joliet, Illinois

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18
Hey Jake, thanks for your service. I too invest in joliet. Flip and buy and hold, look me up when your back home and you'll never know ,

Post: 22-Unit Apartments with Tenants in Place!

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18

what area  ?  a b c d?

Post: Getting a loan with no or new job

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18
Other option is to get into commercial 5 units and above, which in this case the deal is based on the property how it performs.

Post: Weird Strategy for High Income individuals

Jaime FraustoPosted
  • Investor
  • Shorewood, IL
  • Posts 79
  • Votes 18
Just a quick note. It's very common for cap rates to be much lower in more desirable areas such as A and B+ properties. I would guess 3-5 %. Verses 10%-15% plus for C, D properties.