All Forum Posts by: Conrad Legé

@Victor So I see. And as far as getting a good idea of what you can charge per night for your room, Would you suggest I look at or research anything outside of looking at similar rooms that are listed in the area on AirBnB?

@Victor So Thats great to hear it has been working so well for you thus far Victor! If you don't mind me asking, are you renting out a condo or single family home? And if it's a condo, how have you been able navigate through the current climate that AirBnB has found itself in regards to the new restrictions and regulations that were passed last year? Is your HOA lenient with short term rentals? Do you intentionally limit your occupancy rate to stay under the radar?

Hi, 

Does anyone have any experience with condos or multi-family properties in the Roger's Park neighborhood of Chicago? I am considering putting an offer on a place with plans on utilizing as a vacation rental. The plan is to live in the unit while renting out one of the rooms on AirBnB and other home sharing websites. I've ran the numbers on the property assuming it will be a long-term rental just in case HOA changes there bylaws in the future (HOA is currently not opposed to rentals under 30 days). This would be my first property. Any insight you can offer is welcomed and appreciated.

Thank you,

Conrad

Hi Allison,

Is this property still for sale? If so, would you be interested in doing an seller-financing arrangement?

Thanks, 

Conrad

@Federico Gutierrez I was not aware of that. Thank you for that heads up. So are you saying I am better off sticking with a mortgage lender for my first property?

Hi,

I am looking to purchase my first investment property. I intend to house hack a duplex or preferably a three unit building. I plan on utilizing an FHA or 203k loan. Ive spoken with Midwest Lending as well as Guaranteed Rate, however I would like some more options.. Can any of you recommend a good portfolio lender (small bank, mortgage lender, etc) that you have a had a good experience with?

Thank you,

Conrad

Great event @Kaitlyn Cowan and @Kenneth Cowan! It was a pleasure meeting you both and everyone else that I spoke to tonight. Looking forward to the next one.

Hey Kenneth, thanks for setting this up. I'll be there tonight.

@Joe Davalos thanks Joe! Great advice!