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All Forum Posts by: Ditron Corker

Ditron Corker has started 4 posts and replied 8 times.

Post: Registration needed for long term Airbnb?

Ditron Corker
Posted
  • chicago, il
  • Posts 11
  • Votes 4

You don’t need to register with the city for stays over 32 days. When you attempt to list your airbnb without a registration code it will tell you this.

If you have an HOA there could be restrictions on rentals shorter than 1 year though.

Post: Self Employment Income

Ditron Corker
Posted
  • chicago, il
  • Posts 11
  • Votes 4

My wife has been self employed since July 2019, and before that she had a W-2 job in the same field. I want to get a handle on what our DTI will look like next year because we want to buy another multi-unit.

She has one tax return with half self-employed and half W-2, and once we file next year a full year of self employed. When an underwriter is calculating her income over the past two years will they include the half year of w-2 income or just the self employed income?

Post: Property Photographer Recommendations

Ditron Corker
Posted
  • chicago, il
  • Posts 11
  • Votes 4

My wife and I are setting up an airbnb, and would like to get professional photos done. does anyone here have a referral?

Post: Zoning Certificate Delays

Ditron Corker
Posted
  • chicago, il
  • Posts 11
  • Votes 4

I was set to close on my 2 flat last month but the closing has been push indefinitely because of the zoning certificate.  It's outrageous to wait a month for a zoning cert. Is anyone else having this problem?

Post: Commercial zoning on 2 flat

Ditron Corker
Posted
  • chicago, il
  • Posts 11
  • Votes 4

@Jennie Berger Yep, on ashland.

Post: Commercial zoning on 2 flat

Ditron Corker
Posted
  • chicago, il
  • Posts 11
  • Votes 4
Originally posted by @Jennie Berger:

Hey Ditron. Where in Chicago is your property located? Each area is very specific so hard to answer without that info first.🙏

Just off of Ashland and Addison

Post: Commercial zoning on 2 flat

Ditron Corker
Posted
  • chicago, il
  • Posts 11
  • Votes 4

My wife and I bought a 2-flat last year, and its zoned as commercial (C1-2). Is there any benefit of having this zoning in comparison to residential? 

Post: Taking a Fresh Look At My Properties

Ditron Corker
Posted
  • chicago, il
  • Posts 11
  • Votes 4

@Ron Angel

I’m prior military also, and I’m curious what ranks typically rent you places? Is it a place that only a E-4s would rent or you have E-6 and above renting your place and you’re still negative?