All Forum Posts by: Dominic Kosteris

I'll have purchased 11 single family homes before the year is up. This last year has been better that any year I have ever invested. I started in 1998.

Long term rentals by a mile. I mean, who wants to prep a unit every few months after the short term contract is over?

Tough situation. I'm kind of in your situation. Are you still turning a profit? How much below market rent are you with this tenant?

I live in Chicago, and the eviction laws have always been insanely slanted in favor of the tenant. My market is a C+. Section 8 pays way above the market rent. Because of these two factors, section 8 is a no brainer. I personally know of three investors who have been taken to the cleaners compliments of deadbeat tenants gaming the system. 

Haven't you heard that all landlords are swimming in money, therefore, we can go years without rent? Seriously, I like your idea, but common sense is like swimming upstream with this administration. 

@Jaideep Balekar

Wow! What an amazing story! Keep up the great work. If i may, I'd like to add another book to your awesome collection: One Rental at a Time. Mize Zuber, the author, has a youtube channel with the same name as his book.

I am certainly seeing a cooling period in my market, the southeast side of Chicago. On the 4th of July weekend, I bid 1k over the asking 49.9K for a 3bed 1.5 townhouse and won. Yesterday, I had an offer accepted for 80k on a house that was on the market for 93k for over a month. If this was in April, I probably wouldn't have had my offers accepted.

What's up neighbor. I'm next to you in Mt. Greenwood. I imagine renting a house in Oak Lawn should be easy. The one thing I like about investing in the city as opposed to the nearby suburbs are the lower property taxes.

No problem. Good luck with your investments. Have you found a niche market that you'll be investing?

In the future, always hire an attorney. Paying them is worth avoiding a major headache like this. Just curious, is this a large complex? If so, rent it on the sly and apprise your tenant of the restriction and tell him/her not to attract attention.