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May '25 •
IN NEED OF A 20-25 UNIT MULTIFAMILY NEAR OR IN CHICAGO!
Hey guys and gals, my priority buyer is going through a 1031 and wants to graduate from a portfolio of SFH to his first MF, creative/subto/seller fi he’s open to of course. If anyone knows of any, off market preferred but we’ll take a look at on market too. No daisy chains, 2 JV agreements max at the closing table. Thank you very much! Email patrick@galster.net , respond here, heck give a call even! 860-266-9899
0 likes • May '25
Hey @Pat Galster I'm in Chicago but not investing there. Will keep a look out for you.
May '25 •
Any Texas investors here?📈⚡
I’d love to connect and explore opportunities to support each other!
1 like • May '25
Looking in DFW Metro @George Garcia
Mar '25 •
Should I pursue this deal?
I found a 5 unit building in my area, completely vacant, no deferred maintenance, new paint and amenities. Asking 759,000. Based on some quick math, at market rents, $1300, assume 50% operating costs, we come to $39,000 NOI, with a 5 cap in my area, I get $780,000 is what it’s potentially worth. Is this a building worth pursuing?
3 likes • Mar '25
So I haven't made an acquisition yet, but I have to ask, is an empty (vacant) building something you really want to take on? Granted it's only 5 units, but based on the question, it sounds like you're also starting your journey. I don't know the area or your history, but I would much rather purchase a building that has income day one. Even with no deferred maintenance and new amenities, something could pop up that you have to sink more cash into. If you have the war chest, and are a seasoned investor, that's a different story. But there are plenty of other opportunities, with day one cashflow. Just my 2 cents.
1-3 of 3
@christian-byrd-4648
Starting my journey in land flipping. Former marketer.
Active 5m ago
Joined Mar 14, 2025
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