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All Forum Posts by: Dennis Montai

Dennis Montai has started 1 posts and replied 3 times.

Post: Chicago - Roscoe Village 4 unit BRRR! Deal Diary

Dennis MontaiPosted
  • Oak Park, IL
  • Posts 3
  • Votes 1

Yep this sounds like a simple rezoning (at least in terms of rezoning work..). Really curious to see more pics of the place if you don't mind. 

The hardwood floors already look amazing in that one picture. Neighborhood is great and appreciating fast, but obviously there was a pretty high capital investment on this... 20% of 730 + what ever your lost rent is while renovating. Can you give any more of the financial breakdown on this? I'm way too worried to go into these nice/high price areas.

Post: Flat Rate Realtor in Chicago

Dennis MontaiPosted
  • Oak Park, IL
  • Posts 3
  • Votes 1

Hey Matt - That is what I have been trying to do without success. I agree with your points.

Federico - the 90 hours of coursework is not worth it for 1 purchase / 3 years. I don't understand why it is unreasonable to request that a realtor use his name and a couple hours of work for 2,000 & then rebate me the full commission.. Irrational not to accept that rate. I think Matt's point that the LA may not accept another agent's claim to the commission may make my search of a flat rate attorney pointless.

Post: Flat Rate Realtor in Chicago

Dennis MontaiPosted
  • Oak Park, IL
  • Posts 3
  • Votes 1

I've lurked this community for a while and hoping that someone can help me out - 

I am putting an offer down on a property in Oak Park, IL and have viewed many homes without a realtor, as well as written up a contract. I have lined up my attorney, inspection company, and mortgage - but I do not have a buyer side agent yet. I am hoping people on this forum could recommend me an agent who will take a flat rate and rebate the rest of the commission to me at closing. Alternatively, I would accept an hourly agent who would refund the full commission. 

I plan on doing all of the work with moving the process forward, but need a licensed realtor to actually receive the commission per the seller listing agreement. 

Let me know if anyone has any recommendations - 

Thanks!