@Jason Porto we own mostly multiunit in the Chicago suburbs in the Berwyn area, and as I have scaled up I set aside $2,000-$2,500 per unit for reserves.

So, for instance the court can decide that the note holder of the matured note will receive a new note in exchange for his interest - with the new note amortized over 20 years and bearing a 6% interest rate.  

Quote from @Chinelo Ononye: Hello, I am Chinelo Ononye born and raised in Atlanta, my home is Chicago but planning my move to Dallas. 

Investors bear responsibility for doing their due diligence on any investment they make - or being willing to suffer the consequences IF the sponsor/syndicator did the following and possessed the following 1.

I'm under LOI to acquire my first LIHTC property (107 units in semi-rural south Chicago suburb) and am moving fast and furious to get up to speed on all things LIHTC.  

Anyone flipping or investing in the Chicago burbs, we have a small bigger pockets meet up coming up next Wednesday--reach out and I can give you details...

Update for Chicago investors : As of right now the ordinance takes effect 11/9 but any property under contract before then is exempt.

I own and operate a property management firm in Chicago. 

Hello there, I believe is my first post so bear with me.

Hey everyone, Has anyone done short term rentals in Chicago.