All Forum Posts by: Ashour Rehana

Barbara Gaston I'm a Real Estate broker and have worked with a lot of attorneys and would hands down recommend Ahmed Motiwala for your RE needs. His team is amazing!

Adina McCollough what is the rental breakdown and is the business included in the deal? Also, if the buildings worth 400k, is the owner just wanting an extra 30k? Does he know what the value of his property is actually worth? Last, how many sq ft in the commercial space and how many bed and baths in the apartments? I may have a buyer for this property.

Joel F. Is correct. I believe they can force you to move out of the condo and rent it until the association fees are paid and any legal costs associated with it. However this would be a question for an attorney as it all depends on the associations bylaws and the owners legal right. I would consult with Ahmed Motiwala who specializes in Illinois Real Estate. He is very knowledgeable when it comes to issues like this.

Eric S. Can I jump on this as well. Specifically on the SS.

Aaron Jones I use Ahmed Motiwala for all of my properties and my clients properties. Highly recommended.

Call Matt Bowker with Lodge Financial for portfolio loans 3129859393

Naketa Washington the sooner the better however you want to make sure you serve them prior to a new month beginning. The five day notice is basically telling them if you don't pay in five days the contract is null/void and you must leave. The reason behind serving them before a new month begins is because chicago requires you to give the tenant 30 days notice to evict. For example if you give the tenant an eviction notice on July 31st then they have to be out by Aug. 31st. However, if you serve them Aug. 1st then they have till Sept. 30th to get out. Hope thats what you were looking for.

Leave it alone, Im sure the time spend writing this post was worth more than a dollar.

Chris Duemig sounds like you've done well with the Logan Square property. Humbolt Park is a great neighborhood and in certain parts have seen a lot of movement and new construction. You might also consider Avondale, Irving Park, Albany Park as the've been seeing the same activity. Let me know if I can help you with your search, either way wish the best.

Ben Anderson I am very familiar with 203k loans and working with contractors. My suggestion would be to select a reputable contractor who's familiar with 203k projects. You can get recommendations from your lender as to contractors, at which point you should do your own research and see which one has the best referrals. 203k usually allows 6 months to get the project done but they will help you by paying your mortgage for the first couple months. The most important thing is to make sure you use a contractor who's willing and can afford to keep the job going even when you're in between payments for the next phase. Last, its about you... being there and holding them accountable to a certain timeline. Be tactful when dealing with them because the last thing you want is for them to get upset and walk off the job, this will set you back as far as timing goes.