All Forum Posts by: Cody Ray

Berwyn is a pretty nice area. I'd love to own a place there. (Hint hint, @John Warren ;))

For anyone else coming across this thread, here's the payment schedule for different size units: http://www.thecha.org/assets/1/22/2018_payment_sta...

But as @Peter Halliday stated, it depends on a lot of things, including the neighborhood and market rates

I can +1 for the Clearing area. I'm writing this from a 3-unit that I bought/living in for the past 2.5 years. Plus it was in the price range given. :)

Anyone know what happened to this site? I used it all the time too and it disappeared. :(

This is awesome, man. A big congratulations!

I'd love to see a real chart too. I've started one but haven't made a lot of progress on it yet. Basically used the one shown here as a template:

https://www.biggerpockets.com/renewsblog/2015/03/0...

Confirm that it still appears broken. After submitting, you see a "page not found" type thing... But you'll still get your confirmation email.

This is awesome. Can you send me the address? I'd like to register. :)

-Cody

I've Airbnb'd in Chicago for a couple of years now (and in Uptown, a slightly more established area on the northside). The winter months are much harder; I typically cut my pricing by 40% or so for winter rentals and still end up with a couple months of vacancy (with admittedly little marketing effort on my behalf). This is for a room in my personal unit, so I only rent for 1+ month long periods. YMMV with higher short-term rates but fewer short-term visitors during these months.

Also, Airbnb has started collecting hotel/occupancy taxes for Chicago now and I believe such "transient" usage is defined as any stays less than a month. This may impact your bottom line depending on your target tenant.

@Karl Kyler is this a local CA-only lender? I'm in Chicago but would love to know their contact info if they're willing to lend here.