All Forum Posts by: Tom O.

 Thanks. It's been fun/interesting/profitable. 

 OK, i officially "applied." 

The pictures are as original and as it is now. I didn't paint it. It was done before me. 

Large multi-family (5+ units) buy & hold investment.

Purchase price: $525,000
Cash invested: $125,000

Multi-Unit in Small towns is amazing. Picture below is what it looked like when built in 1896.

How did you find this deal and how did you negotiate it?

On the MLS!!

I paid the asking price.

How did you finance this deal?

Partly used a HELOC on my house.

How did you add value to the deal?

Rehabbing units, removing problematic tenants, new infrastructure.

My first building was a four unit in a rough Hispanic neighborhood in Chicago and I had to get the Latin Kings out of the building. I think that story alone would make a good episode but, of course, I have other stories to share. But I'm small potatoes: 25 doors in four buildings. But I only just started before the Pandemic. 

Can someone share the CAR 2024 lease please? 

It gets posted every year. I would like 2024 if anyone has it. Thanks. 

Little Village. Thanks for all the help everyone. 

yes please. message me their number and name. I was going to reach out to state farm. thanks. 

Is anyone getting good quotes on renewals? Especially in Chicago? 

Can anyone recommend what insurance companies they are using and what kind of prices they are seeing for four unit buildings in Chicago? I just got dropped for no reason, no prior claims, no nothing. So I'm in the market for a new broker/agent and a new insurance company for at least one building and possibly more.