All Forum Posts by: Daniel F.

What suburb / neighborhood do you focus on if you don’t mind sharing?

Nice job, appreciate you sharing!

The maintenance already unhooked the whole machine, drained the pipes, and let water run for a bit to ensure the water running. Issue is I don’t think they ran it for a full cycle to realize the error that is still going on. 

Hi all,

I have an apartment unit in a high rise building. The building had some hot water issues which required them to shut down the water. Unfortunately when they turned the water back on it shot up debris such as rust through the pipes and into appliances. I had to come and fix the dishwasher which luckily (knock on wood) was an easy fix. 

Now with the washer/dryer they’ve come out twice now to clean the drain pipes and made sure water was flowing in and out properly free of and debris. But then my tenant later on notifies me she continues to get an “OE error”. I’ve requested maintenance engineers come out tomorrow again but I’m now afraid it’s more of an internal issue. If you were in my shoes would you pursue trying to have the management of the building pay for any third party costs to fix this? It’s clearly correlated to the pipe event since both machines were working just fine. Thank you for any input. 

Although I don't have personal investment experience in the area, I've always been a fan of that area in general. With the university and Little Italy it provides a strong demand from students, residents, and say young professional looking to have a close commute to the loop.

I can't say I disagree with sentiment here. The people who say if the numbers are right then do it, can you provide an example of when you found a deal in Chicago where the numbers were right? Every time I model out a multifamily in various neighborhoods its either negative cash flow or a low single digit cap rate. Good times!

You have to make sure to have a promote/waterfall in there or else people will judge you for not being sophisticated. Just messin. Sounds like you're getting the help you need! Good luck!

 No offense but do you think these "wealthy individuals" are deep down sincere in what they are saying or just shooting the time during their limo ride? Majority like to talk about leaving etc but how many of those actually do? Heard all these anecdotal stories throughout this thread too many times. Doom and gloom is all I hear.

Reading through the forum and this thread in particular, a lot of people are expecting a recession/correction sometime in the near future.

If there is anything I've learned from closely flowing the stock market, the sentiment at the top is when the Joe crowd is looking higher and buying. Bottoms happen with crowd continuing to look down. 

Just playing devils advocate here, for people that were investing in 2008 (I was too young), what was sentiment then? Were the little guys also thinking, this is the top or were they buying and ended up having to hold the bag? Is that the same environment now?

Hi all,

I have a potential client who wants an apartment in Bronzeville. I can't find a specific MLS code for this area, is there an alternative similar code that anyone uses?

Thanks.