Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Paul Quinones

Paul Quinones has started 14 posts and replied 17 times.

One of my investors is in need of a short term loan. He has a property scheduled to close mid January. It's a 2.2 Million dollar deal.

The city has hit him with a porch violation. He needs 60-70K to repair the porches. It can be tied to the closing or whatever. Is this something that can be done.

Let me know.

Thanks.


ReplyForward

The current property for sell is a Mixed Use property.

The cap rates the other agents are using to justify the lower offering price is on a straight multi family.

My investor bought a Mixed Use building in Chicago 2 years ago at a 6.7% Cap

- Cap rates in area for strictly multi family are in the low 6's

What is the argument that the current Cap rate of 6.5-7.25% should be used on the building vs a higher rate?

That seems to be the current argument with other brokers. I believe, it's all based on risk profile and how we sell it I would imagine. Any help here on how you guys would rebuttal this would be great.

Thank you.

Post: Looking for Multi Families in Northern Indiana

Paul QuinonesPosted
  • Posts 17
  • Votes 0

I have an investor looking for up to 50 doors. Preferably in Northern Indiana, but will consider non Cook County areas as well. Tired of cumbersome unfavorable landlord eviction laws in Cook County.

The 28 property portfolio on Chicago's South Side has been sold.

We have another one very similar: 27 Properties NOI : 290K Cap Rate 10

$103K Per

Post: 28 Property Portfolio

Paul QuinonesPosted
  • Posts 17
  • Votes 0

Thanks for your response. I think I've found my solution.

Post: 28 Property Portfolio

Paul QuinonesPosted
  • Posts 17
  • Votes 0

I'm looking for a lender that can facilitate the acquisition of an entire portfolio.

Please help.

Post: 28 Property portfolio

Paul QuinonesPosted
  • Posts 17
  • Votes 0

I'm looking for a lender that can facilitate the acquisition of an entire portfolio.

Please help. 

Post: 28 Property portfolio

Paul QuinonesPosted
  • Posts 17
  • Votes 0

I'm looking for a lender that can facilitate the acquisition of an entire portfolio.

Please help. 

Post: Chicago South Side Portfolio

Paul QuinonesPosted
  • Posts 17
  • Votes 0

Sorry Joe I've been swamped. What's your email address.