All Forum Posts by: Tushar Shah

@Andrew Johnson Ah Ok. The MLS listing does not show sq ft information for some reason. My agent is inquiring and finding out more. The assessed value did provide sq ft information. But as you said I will try and see if they tally up. Thanks for the tip.

@Elizabeth J. Hey Elizabeth - wanted to check if you have any additional info on the Tri-Taylor neighborhood . I am looking to buy a multi-family there (couple of blocks west from Damen) and am collecting data to see what fellow investors are doing in that area.  

@Andrew Johnson Thanks Andrew - I am not sure I completely follow your last statement - " What I do like to see on the assessors site is any reference to the improvements on the land, square footage, etc. If it doesn't match the listing there may be a reason but I'm definitely asking the question." - What exactly am I looking for?

@Christopher Phillips @Jeff B. Thanks Christopher and Jeff. Its a relief to know that there should be not be a strong correlation between the assessed value and the listed/purchase price. Looking at comps become tricky as not two buildings are the same. One may be re-habbed or closer to a bus stop or train station. One may have sold for lower price because of cash deal or in need of cash. Too many factors play into looking at comps. 

Hello BP!!

Should one look at assessed value for tax purposes on government website as proxy for fair value. The property I am looking has a listing price of over half a million, however, the on governments website - the assessed value is only 260K - I understand that market value for tax purposes may not be very recent - but does one see such large differences and should the market value assessed for tax purposes should be a guide for fair market value?

@Aaron Vaughn Hey Aaron, What is your take on Bridgeport, Tri-Taylor and Pilsen?

@Nick Patterson Thanks Nick - you have any investments in that area?

Hello BP!!

I wanted to reach out and check if anyone has invested or is looking to invest in the tri-taylor neighborhood and what their experiences has been.

I hear this is an upcoming area with lot of potential for appreciation.

Are there any specific sites/resources one checks for neighborhood related data?

Any info regarding this would be helpful.

@Ariana King - Hey Ariana, welcome to BP. There is plenty on information on this site. I find the weekly podcasts very helpful. For a newbie like me - it provides great insights to different ways to invest in real estate and learn and understand the tricks and trades from some of the best minds with the real estate industry.

I am a newbie too and looking to get my first turn-key project under my belt. Still learning though and gather information and building network.

What areas of Chicago are you planning to invest? Feel free to post questions and you will find plenty of answers.

@Brie Schmidt Thanks Brie, Its unfortunate there is nothing closer to the city. I can take a train and perhaps make it. Can you provide a little bit more information about the meetup? Is the meetup mostly towards turn-key projects? Can a newbie like me benefit or is it mostly for experienced investors?