All Forum Posts by: James Syed
James Syed has started 52 posts and replied 1126 times.
Post: Residential Real Estate Broker in Champaign Illinois
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Post: Multi-family du-tri-quadplex in Denton/ DFW area
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Post: Multi-family du-tri-quadplex in Denton/ DFW area
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Post: Multifamily in Metro St Louis area on Illinois side
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Thank you for your kind words.
I bought a six (6) unit building in Saint Clair County outside of city limits of Belleville.
Hope you get a good lender for your purchase.
Good luck.
Post: 6 Unit Apartment Building, Is it a good deal?
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Welcome to BP.
Closed on the property on December 7, 2016 finally.
Big step for me towards commercial real estate.
Will be placing final figures!
Thank you, BP members and especial thanks to @Ronald Perich, @Joshua Dorkin & @Brandon Turner because without these people I wouldn't have been able to do it.
Post: Illinois landlord laws
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Welcome to BP.
Generally speaking, Illinois is a tenant friendly state.
Post: Looking to connect with Multi-Family Investors
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Welcome to BP.
Great thread there!
I am a multifamily investor, real estate broker and a property manager.
Would love to connect.
Post: 6 Unit Apartment Building, Is it a good deal?
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Hello BP members,
Here is an update:
Appraisal is due back on coming Monday hopefully.
Post: FSBO Forms for Seller to Give to Buyer - Illinois
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Welcome to BP.
I hold an Illinois Real Estate Managing Broker license. When you sell a residential property (up to 4 units), you are required to provide the following disclosures:
1. Illinois Residential Property Disclosure
2. Radon Disclosure
3. Lead Based Paint (if year built is prior to 1978)
These disclosures are to protect Buyers.
Hope it helps.
Post: Multifamily Properties
- Real Estate Broker
- Mount Olive, IL
- Posts 1,147
- Votes 309
Welcome to BP.
Greater than 15% ROI and 10% or over cap rate sound great. We usually go by cash flow.
Hope it helps.