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All Forum Posts by: Connor O'Brien

Connor O'Brien has started 25 posts and replied 172 times.

Post: Section 8 tenant in a high rent area

Connor O'BrienPosted
  • Chicago, IL
  • Posts 175
  • Votes 86

They also talk about taking additional rent from tenants above the voucher in episode 53- spoiler: it’s illegal and can get you kicked out of the program

Post: Section 8 tenant in a high rent area

Connor O'BrienPosted
  • Chicago, IL
  • Posts 175
  • Votes 86

Listen to episode 53 of the “straight up Chicago investor” podcast

they go over all things CHA. I’ve listened to it like 10 times. 

My main take away - and what I recently did on a listing I had - was to request their “rent burden worksheet” 

This document spelled out in plain English what their “maximum rent” is. It’ll tell you right away if they can afford it. Most serious applicants had no problem sending this document to me 

Hi Joe, I’m currently trying to do this with the series 65- I personally agree that it’s worth it- especially since we’ll be learning as we go. I’d love to connect and hold eachother accountable. 

STCUSA.com seemed to be the highest value study resource in my research

Post: Structural Engineer in Chicago West Suburbs?

Connor O'BrienPosted
  • Chicago, IL
  • Posts 175
  • Votes 86

I’ve used Jonathan from engikeering pm me for contact

Post: Where to begin with cash on hand

Connor O'BrienPosted
  • Chicago, IL
  • Posts 175
  • Votes 86

You can become accredited by taking the series 65 - It’s a couple hundred bucks but if you already have an investment it could be worth it. I’m going through the process myself DM me if you want more info

we need a podcast dedicated to Mark’s craziest stories

Post: Qualified Opportunity Funds (QOF) for non Accredited Investor???

Connor O'BrienPosted
  • Chicago, IL
  • Posts 175
  • Votes 86

I ran into the same issue- I am currently looking at getting series 65 license under the SEC's new accredited investor definition: 

https://www.sec.gov/corpfin/am...

The test is $187 and the registration in Illinois is $150 for a total cost of $337. A lot of people say its not worth it but if you can get in a solid long term investment I think it will pay for its self! 

What do you think? Worth it or no? 

Post: Just Cause Ordinance Chicago

Connor O'BrienPosted
  • Chicago, IL
  • Posts 175
  • Votes 86

I’m very confused by the pre-qualification step in the application process- can you pre qualify multiple people? Not sure what they are going for with that either

Post: Who else is investing in south side of Chicago?

Connor O'BrienPosted
  • Chicago, IL
  • Posts 175
  • Votes 86

Itll be Easier to get to from the south burbs for sure

Post: Residential structural engineer NWI

Connor O'BrienPosted
  • Chicago, IL
  • Posts 175
  • Votes 86

Anyone know an investor friendly structural engineer in north west Indiana?

Thanks!

-Connor

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