Jordan Multack “Multifamily Multack” @MultifamMultack
Midwest Multifamily Advisor helping investors buy, sell and value multifamily and mixed-use properties. #CRE #RETwitgreenstone-partners.com/team/jordan-mu… Chicago, ILJoined October 2009
"It's not who you know, it is who knows you." - @BobKnakal
This quote is one of my favorites and is crucial to success in real estate.
Let’s delve into what it means:
1. When an owner prepares to sell and chooses a broker, your years of providing market data, case studies,…
Historically, the best time to sell/refinance your property is when it is running at its peak.
- After you reach new income heights
- Taxes are relatively low
- Interest rates are what you perceive as low
- When you are in no form of distress
- Following significant upgrades to…
Maintaining 100% occupancy year-round is essential, but most importantly, it is essential when putting a property on the market.
The operator's job is to manage the leasing team and fill all vacancies before heading into August/September.
This is very important in multifamily…
Everyone I see always asks me if we are busy to end the year?
The answer is always yes.
Any deal put under contract at the end of summer or delayed closes typically in November or December.
In addition, many real estate investors are looking for deals to close out the year to…
In every business, there are deal makers and deal killers.
A deal killer inserts their ego into the equation, making things more difficult for the other parties involved.
A deal maker prioritizes everyone else's best interests and works with all parties to ensure everyone…
I really enjoy the yearly gathering of our industry's finest at the Lincoln Park Builders of Chicago Real Estate Forum.
It is always great to see all the various brokers, attorneys, lenders, and all other professions within our industry gathered in one place.
Aside from…
I am thrilled to announce the successful closing of Canterbury Court Apartments at 1220 N. State Parkway for $25.7 million. This historic Gold Coast property has 176 apartment units and is home to the iconic Zebra Lounge, which has changed hands for the first time in decades.…
When interviewing brokers for potential listings, what are some of the most essential criteria for owners?
1. Track Record - Does this broker sell the type of property I am about to list?
2. Resourcefulness—If the deal encounters roadblocks, does this broker have the ability to…
Voting is a fundamental aspect of participating in a democracy. It is not just a right but also a responsibility that enables citizens to have a say in how their country is run.
Chicagoans would be much better if we all exercised our voting rights during the last election.…
Whenever I fly back into Chicago, I always opt for the Blue Line to get from O'Hare to the city’s downtown. It’s such a lifesaver for avoiding the miserable highway traffic. Instead of sitting in gridlock, I can just grab my bags and head straight to the station.
I also enjoy…
Being helpful to appraisers can lead to more accurate appraisals and smoother transactions. Here are a few ways to be supportive:
1. Provide Comprehensive Property Information:
Ensure the appraiser has access to all relevant information about the property, including recent…
Real estate is full of ups and downs, but your reaction determines your success.
When a deal falls through, do you get upset and blame yourself?
Instead, dust yourself off, get back on the horse, and try again.
Persistence and resilience are crucial to thriving in this…
Real Estate is more Art than Science.
Real estate isn’t just about numbers and data—it's about intuition, creativity, and connection. While science can tell us property values and market trends, it can’t capture the feel of a property layout, the quality of the renovation in…
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