All Forum Posts by: Rj D.

David,

Thank you for the information. I am representing a buyer in a north neighborhood of Chicago and was doing some due diligence for my buyer. 

Looking for a "Pro Tip"!! I am wondering if there is an easy way in Cook County to find the amount of legal units in a multifamily property without pulling a zoning certificate.

My situation:

I have a property that is being marketed as a 5 unit, 3 units main & 2 units coach house. I went to the Cook County Assessor site and found it is being assessed as a 4 unit. 

The help is appreciated!

Thank you everyone for the input! I’m specifically looking for agency debt that bridges the gap. Understanding that $750k is a starting point is a huge help!

John Casmon, Nicky and I are already looking! Meantime, we found a great lender for the 6 unit and we close today (also my b day)!! I was more questioning why there is such a large gap and essentially what the underlying reasons are. Even if it was possible we were just unaware of options! Let me know if I can ever help with any canvassing, due diligence, or underwriting. Would love to throw my hat in the ring with you.

Does anyone know of any agency debt that services 5+ units and under $1m dollars? Why is there such a large gap in available products for RE Investors for buildings like this?

@Jun Ku, can you tell us a little bit about your progress?

I would like to know your progress! It has been a year. Have you obtained your first property?

Hello, Where is your next meet up and how do we sign up. Thank you

Hello,

Where is your next meet up and how do we sign up? Please PM me.

Thank you

Hey Tomas, message me your email address and we’ll make sure you get on the update emails!