All Forum Posts by: Chris Titcomb

Ahhh, the mythical "good and less than retail GC" - I've heard they exist, just haven't seen/found any yet.

Hey @Mat Motyka, welcome!  Tons of awesome content on this site.  I personally see a lot of potential in the Woodlawn/South Shore area, as well as Avondale.  DNAInfo just wrote an article on Avondale as a matter of fact  (https://www.dnainfo.com/chicago/20171003/avondale/lonely-planet-top-10-up-and-coming-neighborhoods-2017).

Happy to discuss your deal in more detail @Sherita Owens, and thanks for the recommendations @Matthew Rosenthal and @Kendall S Jones!

Mark Ainley - I have a guy that will be perfect and is looking for work. If you want to PM me I can give you his contact info. I used him to remove junk in a multi unit last month and he and his team were quick and - best of all - cheap.

Happy to have that conversation Ryan Canfield - feel free to PM me and lets connect!

Eugene Rogachevsky , PM me and I can help with all of this. I've done hundreds of tax appeals in Chicago!

Lindsay Rudolph , PM me. I can give you some suggestions

The ordinance is strict liability, meaning if the landlord fails to comply with any minor requirements (e.g., name the financial institution where the money is being held, provide interest on the deposit to the tenant, give a security deposit receipt, etc...), the LL is liable for double the security deposit as damages plus reasonable attorney fees and court costs.  Again, this is STRICT LIABILITY, so just a small mistep means the LL is liable.  That's why no one take a SD in Chicago.  Read Section 5-12 of the Chicago Residential Landlord Ordinance (RLTO), specifically 5-12-080.

@George Despotopoulos, Illinois is a Judicial state.

@Ramon Moreno, if you're giving money you should document that with a Note, and if you're going to secure the borrowers obligations with the property being used as collateral, you'll need a Mortgage.  Check out: https://www.fanniemae.com/singlefamily/security-in...

Good luck with your deal!