All Forum Posts by: Robert S.

I’ll let my wife handle that lol but your right I still think he could of came at me better but what ever water under the bridge. 

@Brian Van Pelt @Jesse M.

Shoot didn’t think about that I was going to do it myself but you guys are right. I’m just going to offer up the chemicals and if he would like to get up there and spray himself I’ll be more then happy to give the chemicals and tools.

Since he’s already a dick your right later something happens he’s going to be blaming me.

@Brian Van Pelt

You are right sir I’m usually a nice guy and I don’t look for trouble first at all but I have no issues saying what I feel but you are correct need to put my pettiness a side and do what’s right to move to the next property and build up a successful portfolio.

How should I bring up the mold just let him know I will be doing mine and is it ok for me to go on his side and remove his as well since I’ll be up there? I can’t just go on his side then he will really blow a gasket. That way I ask permission and make him aware I’m taking care of the issue for him.

Ok so we closed yesterday on a duplex building considered a condo and there in an association. Obviously we made sure with them prior to purchasing that we have full intentions of renting it out. The rules say that’s fine they said yes so be bought the property. Today In the middle of the electric company doing a check up for tree branches covering the lines and a contractor there to get me estimates for remodel the neighbor comes up to me shake hands exchange names and he says so your moving in. I explain that we did purchase the property with full intentions to rent and he flips out saying he never approved it blah blah blah so he leaves.

He comes back a few minutes later saying make sure before you purchase I said we already did which made no sense since he knew we did and started going on again. So I got upset got a look on my face and straight asked him what you have intentions of trying to block my rental plans? Not in those nice words though. He kind of got scared and walked away.

Obviously he’s not on the board of the association and really has no say so and he should of read his bylaws but not a good start to a relationship owning a property next to each other. So now I’m in a dilemma I know hw can’t do **** and the home inspection showed mold in the attic which is commonly shared by both untie no divider and he had some roof issues on his side. Do I take the higher road since I already ordered and have the RMR 141 and 86 what ever to clean the mold and offer to take care of his side as well or do I pull the dick move and start reporting him to the association about the mold that it’s unsafe and he needs to fix that ASAP and report to village pretty sure I can do that as well but obviously after my remodel. I can’t just punch him in the face I’m a father now but I know old me would like to give it to him.

Property was on the market for over 100 days I’m remodeling raising his value he could of came up and if he did not like me renting he could of said he’s disappointed and please get him good people as neighbors or what ever he wanted but he choose to burn a bridge instead of talking it out. It’s our first income property and I don’t wanna jeopardize my family’s investment what you guys think?

@Bjorn Ahlblad

Conspiracy theories I’m in lmao.

I don’t believe in any polls.

@Tom Shallcross

Your correct those areas for those properties for sure can be good this gentleman is talking about the 125-140k range these are way above. I’m not trying to be a pro at all here I’m fresh myself to this and I have a lot to learn and I’m at the price points he’s at currently so I’m looking at that. The other guy saying he appreciated 185k on a property that alone is more then what the guy wants to spend. Like I said there are deals everywhere I’m just voicing my opinion on where I think chicago stands. You can’t give the guy advice on properties 500k plus when he’s asking for something completely different. You can buy a run down building in a nice part of Chicago and remodel it and come out great but your looking at a whole different price point.

I just don’t think Chicago is a good place for a new investor to start especially with the bang for the buck taxes and also the uncertainty of the market considering all the political and tax stuff going on at the moment.

@John Warren

Listen I’m really not trying to argue with you guys I’m sure you guys are plenty experienced in what you do but he’s not looking to invest in the areas you mentioned as well and I would not invest in Hammond or Gary either. You can’t deny that people are fleeing Illinois there are legit statistics to back that up not to mention all the Illinois plates by my house including mine.

Everyone is entitled to state their opinion and what they believe he can read everyone’s do his own research and make his own decision I’m simply providing the info I have and hopefully it helps him I’m not here to tell anyone they don’t know what they are talking about like the other gentleman did to me.

Also markets anywhere are not flinching due to banks not foreclosing and letting people slide with mortgage payments wait they so far telling people you will have to pay all months missed in one payment this is just the beginning we will not feel the real affects of covid until the after math and Chicago will be affected hard. Rent prices in the suburbs in Chicago are not that far off from prices for rent near me in Indiana unless you wanna talk about like some fancy suburbs and no the tenants in NWI are not lower class or worse then the ones in Chicago these communities here  are strong with good people 

There is a reason for this 

Single family condo and townhouse 

Multi family units 

I’m not claiming to be a professional what’s so ever but if you think that Chicago is not going to **** cause of taxes, crooked politics and a whole other mess of things I don’t know what to tell you. Small business is crippled there after covid the foreclosure rate there is going to sky rocket in my opinion wait in Chicago I will happily buy there in about a year when it bottoms right now people are just stating to figure out they are not being able to move their inventory now is not a good time to invest in Chicago that’s why I ran from there as fast as possible 

@Henry Lazerow

@Stanislav Perevozchikov

@Henry Lazerow

If you think chicago taxes are comparable to Indiana you must be smoking crack.

Im sure there are opportunities like there are anywhere I personally would stay away from Chicago and surrounding suburbs.