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All Forum Posts by: Rj D.

Rj D. has started 3 posts and replied 72 times.

Post: airbnb in Chicago near Millennium park

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60

I'd be happy to run comps for you for 1/1's.

Inbox me if you have questions.

Post: airbnb in Chicago near Millennium park

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60

@Federico Gutierrez great point.

I sold my condo in Printers Row due to the HOA restrictions. You can find great properties just south of the loop, i.e. Printers Row, South portions of the Loop, and South Loop for low $2-300's.

HOA is going to be your largest obstacle.

Post: Where do I find building permit info?

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60

If you haven't found it just google "Chicago Building permits and inspection records"

or.... https://webapps1.cityofchicago.org/buildingrecords/

Self explanitoray from there.

Post: Top ways to connect with good contractors in your area

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60

Best contractors are found by networking. The top guys are being kept busy by their top clients. Yes Home Depot may land you a good contact but odds are they won’t take you seriously if your not recommended or they’ll forget because their too busy getting materials for their “serious” clients.

Contractors deal with the same thing investors do. A lot of talk, no action. It doesn’t make sense for them to come out and give you 10 estimates if your not going to work with them.

Always visit a current work site, make sure they communicate, respond quickly, and you get along with them. A lot of contractors are crude, imagine dealing with them when you have problems in a project.

Visit a current worksite, talk to past clients, don’t just look at pictures of their work, and if you have construction knowledge ask them what they’d to in a hypothetical, make them talk out their process for your project, question their process. Everything else is your emotional IQ and gut feeling.

Last advice, if you find a good one make sure you take care of them. You’ll go through a dozen before you find reliable workers you like, do good work, and you can trust.

Post: Are you prepping for the crash?

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60
@Jason DiClemente i just have to ask how a broken clock is right 2x a day :-)

Post: Rei club in Chicago ?

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60

@Account Closed, and Geetika Casmon. We meet every 3'rd Monday of the month at 7pm. The location is Sully's House - 1501 N Dayton St.

I recommend checking us out on FB and Meetup.com. We host value add speakers and have a networking session as well. Its always free information. Hope to see you at our next meet up October 15!

Post: Unit Rented in 12 hours with Facebook Marketplace

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60

Great to hear! Thanks for sharing

Post: Legal Units in a Multi Family

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60

Thank you @Brie Schmidt. I checked the department of buildings site and it said the DU is 3 but this is a main building with a 2 unit coach house. The DOB seems to be describing only the main building. Have you experienced this with properties that contain a coach house?


Thank you for the help!

Post: Legal Units in a Multi Family

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60

David,

Thank you for the information. I am representing a buyer in a north neighborhood of Chicago and was doing some due diligence for my buyer. 

Post: Legal Units in a Multi Family

Rj D.Posted
  • Investor
  • Chicago, IL
  • Posts 76
  • Votes 60

Looking for a "Pro Tip"!! I am wondering if there is an easy way in Cook County to find the amount of legal units in a multifamily property without pulling a zoning certificate.

My situation:

I have a property that is being marketed as a 5 unit, 3 units main & 2 units coach house. I went to the Cook County Assessor site and found it is being assessed as a 4 unit. 

The help is appreciated!