All Forum Posts by: Melvin Holmes III

The Property is on the Southside of Chicago 1742 w 76th st.  The grocery tenant has been there 30 years and the day care has been there 5 years and the church is only been there for 1 years.

Thanks @Joel I'll start there. @ Richard it is 100% occupied, and these are questions that I'm about to ask the owner.  Its a unique situation because its a in-law property and she knows that I"m a investor and would like me to help her sell the building.  She's basically wants to get rid of it and I'm looking at all sources and info I need to market the property.

I have a Commercial Deal where the asking price is $300,000 there is 3 tenants in the building. A Grocery Store,Day Care, and Church the owner just wants to sell the whole building which includes all three units. As an Investor how do you run the numbers for a deal like this? NOI? ROI? The neighborhood is below value basically in the hood.

I have recently come across listing of off market property, portfolios, and hotel and its been hard to find quality principals. I have even networked with private banks to solve funding solutions. I'm open to ideas to reaching out to more qualified principals