All Forum Posts by: Pavan Kumar

Hi,

I'm looking for an insurance company for 2 multifamily(10 and 5 units) properties in Chicago area. Can someone refer the companies that you are already using for your properties? Thank you in advance.

I’m looking at a particular property and also in general just in case if that doesn’t work out. My reason for buying new multiplex is I want to spend less time on maintenance and let my investment sit for 5-7 years.

Hello,

I'm looking to purchase a new Multiplex which is around $2.1 M and had 5 units with a 5.1 Cap. Can someone please advise on what I need to look if its a new building? I tried to look for this information but couldn't find anywhere about new Multiplexes.

Thank you!

@Jon Reed  Thank you for your response. I have used the tool from BP to analyze and the cap rate was around 7%. This is my second time revisiting the property. I looked at this property back in 2017 but the offer was rejected.Owner wanted $900,000 minimum at that time. Currently the asking price increased to $990,000.I'm not looking to make tons of money but would like to keep it on a long term for retirement income. 

Hello,

I'm looking for advise on a commercial cum residential property. It has 4 apartments and 2 commercial spaces all occupied. Below are financial info.

Total Sqft= 8778

Total Monthly Rent= $8700

Total Monthly Expenses= $2600

NOI = $5700

Asking price= $990,000

I know you will be asking lot of questions and I'm new to real estate.I shall try to answer as much as I can about the property. I need advise on the offer range.

Thanks!

@Samantha Ruiz Welcome to BP!