All Forum Posts by: Naveen Chitluri

Hi guys, what are your thoughts on Mineral Wells, TX for multi-family investment.

Rental growth, overall growth perspectives ? 

Thank you guys. Any other leads please.

Hi BP family,

How are you guys doin ?

Happy to announce that we are in a contract on our first MF deal - 30 units in Mesquite, TX.

I am trying to identify a property management company. Any leads would be appreciated.

Thank you all.

BP Family, Any inputs on the above please ??

BP family, thank you so much for all your inputs.

I was asked to revise my LOI. I am planning to put some contingencies on the LOI

On a 35 unit property - what could go wrong - 

1. from sewer/ plumbing perspective. I understand that is a vague question.
2. Property has 2 chillers.. any inputs in this regard.. would be helpful as well.

Thank you Greg & Jeff.

Couple more questions :-)

1. Seller has an approved insurance claim on the gutted due to fire damage 5 units out of 35 units. 

Can I ask the seller to give that as credit during the closing instead of fixing the units.

2. For ~2M property, 

What can I offer to make my offer a more serious one?

Is there a risk by offering more earnest money? What else can I do ?

Hi bigger pockets family, 

I am working on my FIRST 35 unit multi-family LOI. Yey :-)

Can you please help with the following questions.

How many days  - Buyer’s Inspection and Due Diligence - take ?

The lender is saying 6 weeks for closing - is that sufficient ? Should I ask for 8 weeks just in case ? Or would 8 weeks impact my offer negatively ?

Can I get a underwriting template?

I am planning to start my real estate investment journey. thinking about Wichita Falls. Please share any thoughts or inputs.