All Forum Posts by: Nick Doria

@Art Maydan

Like others have said if its not a legal apartment it can cause some unwanted legal action if anything was to happen. Here is a great guide i just found regarding legality of garden units http://chicagoreinvestment.com/blog/what-makes-a-b... for the most part the info looks pretty accurate and it was just written this year and it does have the links to where the info was found. 

Garden units are normally harder to rent because when the ceilings are low it gives the feeling of having the room closing in on you. Another thing that I have had a lot of clients ask me about is flooding and pipes breaking since that is normally. Having the units updated as  @Vijay Prabhakaran had brought up will make renting the place out fairly quick. 

Duplexing the unit could work out better and depending on the size might be a since it could get you more rent a higher rent amount then if it was a garden unit. 

Congrads @Joshua Dorkin the website keeps getting better and better. glad to see that other people are starting to see the huge value that you guys provide to all of the members.

@Jaki Bujdei

Welcome to BP this is a great website to expand not only your network of people you know but also to gain more knowledge from fellow investors.  What neighborhood did you end up finding your 4 unit building in ?

@Jarrett Baugh anytime you guys have always been very responsive thank you again and keep up the great work !

Wish I could make 😞 I have missed the last two because of class but I will be there for sure for the may meet up. Looking forward to see you guys again here soon have a good time networking.

@Jarrett Baugh

It keeps telling me there is an error even if it's a shorter message and then just keeps trying to send. 

@Art Maydan 

It does depend on the deal but for example for the deal that i'm currently working on we needed to get a "seller credit" for the closing costs to allow for my client to be able to close on the deal.  With that being said I explained it in a way that shows you want to close the deal and when I had asked for it I didn't lower the agreed upon sale price.  It actually increased the sales price but when we are at the closing table the seller credits and buyer credits will be subtracted from the agreed upon price therefore allowing us to stay at the original sales price.  

So in a shorter way of saying it a credit is applied at closing which really doesn't increase the sales price since it is subtracted to come up with the closing price.  

Hopefully I explained what you were looking for feel free to give me a call or shoot me a PM if you would like if you have any questions. 

No problem you guys are doing an amazing job with both the website and the mobile app. Thank you for the quick response.  

I would agree with what others had said find an agent that will be proactive and responsive to your needs. Also agree that the 3k off the closing costs isn't worth it and if you have a good agent they should push for you to get that anyways. Chicago is a very timing based market just like I'm sure a lot of others are. Places are getting listed and sold sometimes with in the first week.

Just wanted to see if anybody else has been having any problems? I've lost a couple of long messages that I have typed up that can't be sent for some reason? Brandon Turner Joshua Dorkin