All Forum Posts by: Anupam Banerji
Anupam Banerji has started 8 posts and replied 53 times.
Post: Need a Good Multifamily Insurance Agent in the Chicagoland area
- Posts 55
- Votes 22
Quote from @Owen Rosen:
Quote from @Anupam Banerji:
Hi, we are under contract on a 6 unit deal in Chicago and are looking for insurance. Can anyone please recommend a good insurance broker that we can work with to get the deal under insurance?
I could simply ask the seller for a certificate of insurance and call that company, but a good broker would help in finding competetive quotes, and we would almost certainly use their services again for future acquisitions.
Also, just as a tip for you and others I think you'd find that asking for a certificate from the seller and calling that company may be more challenging than it sounds anyway.
Thanks Owen! I'll take that into consideration.
Post: Looking for a good multifamily professional and licensed inspector
- Posts 55
- Votes 22
Quote from @Jarret Jarvis:
Definitely give them a call https://legacyinspect.com
Thanks Jarret! I'll definitely do that.
Post: Looking for a good multifamily professional and licensed inspector
- Posts 55
- Votes 22
Quote from @Mark Ainley:
@Anupam Banerji I would give RCI Inspections a call. We had them on the podcast a couple years ago and been referring them since for these larger buildings. I cant place the link here but when you accept my DM I can send you the link to the podcast episode we had them on!
773-716-3560
Post: Looking for a good multifamily professional and licensed inspector
- Posts 55
- Votes 22
Hi, I need a professional and licensed inspector for an inspection on a 6 unit multifamily property in Chicago.
I'd appreciate it if you could refer me to someone who I can start a conversation with.
Post: Need a Good Multifamily Insurance Agent in the Chicagoland area
- Posts 55
- Votes 22
Hi, we are under contract on a 6 unit deal in Chicago and are looking for insurance. Can anyone please recommend a good insurance broker that we can work with to get the deal under insurance?
I could simply ask the seller for a certificate of insurance and call that company, but a good broker would help in finding competetive quotes, and we would almost certainly use their services again for future acquisitions.
Post: Peter Harris - Commercial Property Advisors
- Posts 55
- Votes 22
Quote from @Sreedhar Reddy:
Quote from @Anupam Banerji:
UPDATE: I joined the program last year in July, and so far have got under contract once, but backed out due to excessive deferred maintenance. I also offered another contract on another mixed-use property but the seller is balking at this time.
Just get into the program if you're serious about CRE. I would never have even tried to close a deal if I didn't have Peter's backing.
Hello Anupam, Did you make any deal yet? How good is the program and did you have a join a joint venture partnership with Peter harris company?
Not yet. Been under contract twice, but pulled out due to sellers not being upfront with some of their deferred maintenance.
Hope to do one soon.
Post: Peter Harris Coaching - Disappointed
- Posts 55
- Votes 22
Quote from @Chris Seveney:
Quote from @Anupam Banerji:
Quote from @Chris Seveney:
Quote from @Anupam Banerji:
Quote from @Chris Seveney:
Quote from @Anupam Banerji:
Quote from @Sam Ojo:
I was accepted into the program a couple days ago and have found mixed reviews but nothing clear for those who have gone through it besides the negatives. I have the extra money for the fees and retainer (15k). Just want to make sure I’m getting great content I can put my hard work into and over time get results.
From what I’m hearing it doesn’t sound to personal with a limit on calls with Peter. It’s weird they’ve been doing this for 8 years but I can’t find any success stories besides the ones they provide. I’m lost and have to make a decision real soon. Any help is greatly appreciated.
I still look at deals every week and yes, the group calls are unlimited. I find Peter to be knowledgeable and every effective and making the business points that keep me out of trouble. The work on my end is simply learning and remembering his advice. Totally worth my time and investment.
I expect to recoup my training fee in my first deal, even after sharing revenue with the program. For me, a novice to CRE, it's a no brainer.
In the first sentence you say "it has made me into a savvy CRE investor"
Then in your last sentence you note "I expect to recoup my training fees in my first deal"...
Can you clarify? As I always assumed someone had to have significant experience to be considered savvy and not someone who has never done a deal.
Yes, the knowledge component isn't enough. Neither is finding what looks like a great deal. Knowing the process is what I found I was lacking. What the program does is increase your experience exponentially by pointing out flaws in your analysis. Without Peter's help, I'd have made mistakes from the word go. This ensures that the upside on any potential deal more than makes up for the upfront training fee.
Think about the fee as "skin in the game". If you're not going to put any money into a deal, how do you expect to become a GP? And we all know that "skin in the game" money results in a huge equity multiple for any GP (otherwise why do the deal?)
In that sense, the forced appreciation is way in excess of the fee. Any deal thereafter with their assistance is basically free.
How much is the program? You can take 3-5 collegiate graduate courses for a few grand that are taught by billion dollar hedge fund managers and take away a ton of information (and contacts) and never have to give up any piece of any deal...
There are other programs out there. I stand by this one because it works for me.
I guess my point is how can you say it works when you have never bought an asset or made money? This is like I am a great pilot but I have never flown and landed a plane. But I stand behind it because "i think" I am being taught properly.
I'll just have to go out and close a deal.
Post: Peter Harris Coaching - Disappointed
- Posts 55
- Votes 22
Quote from @Chris Seveney:
Quote from @Anupam Banerji:
Quote from @Chris Seveney:
Quote from @Anupam Banerji:
Quote from @Sam Ojo:
I was accepted into the program a couple days ago and have found mixed reviews but nothing clear for those who have gone through it besides the negatives. I have the extra money for the fees and retainer (15k). Just want to make sure I’m getting great content I can put my hard work into and over time get results.
From what I’m hearing it doesn’t sound to personal with a limit on calls with Peter. It’s weird they’ve been doing this for 8 years but I can’t find any success stories besides the ones they provide. I’m lost and have to make a decision real soon. Any help is greatly appreciated.
I still look at deals every week and yes, the group calls are unlimited. I find Peter to be knowledgeable and every effective and making the business points that keep me out of trouble. The work on my end is simply learning and remembering his advice. Totally worth my time and investment.
I expect to recoup my training fee in my first deal, even after sharing revenue with the program. For me, a novice to CRE, it's a no brainer.
In the first sentence you say "it has made me into a savvy CRE investor"
Then in your last sentence you note "I expect to recoup my training fees in my first deal"...
Can you clarify? As I always assumed someone had to have significant experience to be considered savvy and not someone who has never done a deal.
Yes, the knowledge component isn't enough. Neither is finding what looks like a great deal. Knowing the process is what I found I was lacking. What the program does is increase your experience exponentially by pointing out flaws in your analysis. Without Peter's help, I'd have made mistakes from the word go. This ensures that the upside on any potential deal more than makes up for the upfront training fee.
Think about the fee as "skin in the game". If you're not going to put any money into a deal, how do you expect to become a GP? And we all know that "skin in the game" money results in a huge equity multiple for any GP (otherwise why do the deal?)
In that sense, the forced appreciation is way in excess of the fee. Any deal thereafter with their assistance is basically free.
How much is the program? You can take 3-5 collegiate graduate courses for a few grand that are taught by billion dollar hedge fund managers and take away a ton of information (and contacts) and never have to give up any piece of any deal...
There are other programs out there. I stand by this one because it works for me.
Post: Peter Harris Coaching - Disappointed
- Posts 55
- Votes 22
Quote from @Chris Seveney:
Quote from @Anupam Banerji:
Quote from @Sam Ojo:
I was accepted into the program a couple days ago and have found mixed reviews but nothing clear for those who have gone through it besides the negatives. I have the extra money for the fees and retainer (15k). Just want to make sure I’m getting great content I can put my hard work into and over time get results.
From what I’m hearing it doesn’t sound to personal with a limit on calls with Peter. It’s weird they’ve been doing this for 8 years but I can’t find any success stories besides the ones they provide. I’m lost and have to make a decision real soon. Any help is greatly appreciated.
I still look at deals every week and yes, the group calls are unlimited. I find Peter to be knowledgeable and every effective and making the business points that keep me out of trouble. The work on my end is simply learning and remembering his advice. Totally worth my time and investment.
I expect to recoup my training fee in my first deal, even after sharing revenue with the program. For me, a novice to CRE, it's a no brainer.
In the first sentence you say "it has made me into a savvy CRE investor"
Then in your last sentence you note "I expect to recoup my training fees in my first deal"...
Can you clarify? As I always assumed someone had to have significant experience to be considered savvy and not someone who has never done a deal.
Yes, the knowledge component isn't enough. Neither is finding what looks like a great deal. Knowing the process is what I found I was lacking. What the program does is increase your experience exponentially by pointing out flaws in your analysis. Without Peter's help, I'd have made mistakes from the word go. This ensures that the upside on any potential deal more than makes up for the upfront training fee.
Think about the fee as "skin in the game". If you're not going to put any money into a deal, how do you expect to become a GP? And we all know that "skin in the game" money results in a huge equity multiple for any GP (otherwise why do the deal?)
In that sense, the forced appreciation is way in excess of the fee. Any deal thereafter with their assistance is basically free.
Post: Peter Harris Coaching - Disappointed
- Posts 55
- Votes 22
Quote from @Sam Ojo:
I was accepted into the program a couple days ago and have found mixed reviews but nothing clear for those who have gone through it besides the negatives. I have the extra money for the fees and retainer (15k). Just want to make sure I’m getting great content I can put my hard work into and over time get results.
From what I’m hearing it doesn’t sound to personal with a limit on calls with Peter. It’s weird they’ve been doing this for 8 years but I can’t find any success stories besides the ones they provide. I’m lost and have to make a decision real soon. Any help is greatly appreciated.
I still look at deals every week and yes, the group calls are unlimited. I find Peter to be knowledgeable and every effective and making the business points that keep me out of trouble. The work on my end is simply learning and remembering his advice. Totally worth my time and investment.
I expect to recoup my training fee in my first deal, even after sharing revenue with the program. For me, a novice to CRE, it's a no brainer.