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All Forum Posts by: Ray Harrell

Ray Harrell has started 27 posts and replied 1254 times.

It's not a protected class under Title VII, but it is against HUD rules.

Post: How to Start Gaining Landlord Experience

Ray HarrellPosted
  • Investor
  • Chicago, IL
  • Posts 1,272
  • Votes 930

Become a landlord or property manager in a C-/D neighborhood for two years. Your tenants will teach you everything you need to know about eviction law, code violations, minor repairs. You will learn the names of plenty of general contractors, a few police officers. Everything after that will be a breeze.

Post: Investing in Chicago - Jackson Park Highlands

Ray HarrellPosted
  • Investor
  • Chicago, IL
  • Posts 1,272
  • Votes 930

Jackson Park Highlands is another name for South Shore, and a very small part of northern South Shore. Google that first. It's also very close to 75th and Stony Island.

Post: Master Lease Template & Process

Ray HarrellPosted
  • Investor
  • Chicago, IL
  • Posts 1,272
  • Votes 930

I'm looking for a template for a commercial apartment master lease. Anyone have one that favors (or provides adequate protection for) the seller? I have a potential "buyer" who wants to start the lease on November 1, 2019. Is there more required than just doing a lease? Fililng with the city/state/county for water bill, etc?

Post: WHERE/HOW DETERMINES PROPERTY CLASS (A, B, C)?

Ray HarrellPosted
  • Investor
  • Chicago, IL
  • Posts 1,272
  • Votes 930

Property classes are different from neighborhood classes, and many people often use them in combination. If you have a class A property in a class D neighorhood (yes, it happens), the you have a class C unit overall. If you have a D property in an A neighborhood, then it's likely vacant and ripe for rehab, or already purchased and awaiting permits for rehab (or tear down).

Post: Cash for Deed Arrangement

Ray HarrellPosted
  • Investor
  • Chicago, IL
  • Posts 1,272
  • Votes 930

A buyer wants to purchase my property using a "cash for deed" arrangement. We still have to talk but the gist is below. Has anyone heard of this? What about the water bill? I want to be as disconnected from the property as possible. Any risk for me?

Post: Can we post property for sale in this forum?

Ray HarrellPosted
  • Investor
  • Chicago, IL
  • Posts 1,272
  • Votes 930

Are we allowed to post property for sale here?

Post: Tenant refusing showings in Thorold, Canada

Ray HarrellPosted
  • Investor
  • Chicago, IL
  • Posts 1,272
  • Votes 930

What do your state and local laws say?

Post: BRRRR and section 8 benefits?

Ray HarrellPosted
  • Investor
  • Chicago, IL
  • Posts 1,272
  • Votes 930

I had rent abated over a cracked floor tile. Most of the time the damages are caused by the tenant, sometimes intentionally.

Post: Bad Living Situation

Ray HarrellPosted
  • Investor
  • Chicago, IL
  • Posts 1,272
  • Votes 930

Too much to read, but you should have ran after the first push back. He's probably in foreclosure and not even paying the mortgage. You still owe the rent though cuz you're still living there. No landlord should tell you they have money problems and YOU are the solution to the problems.