All Forum Posts by: Mark Ainley

@David Sconduto 

Anyone that hasn't had this happen in Chicago doesn't have a clue what it is like in this city once the city has you.  Our first couple of properties we purchased in the city we had this happen and they city takes you over their knee.  It is important to get in with an architect that has a good relationship with the building department.  If you have to go to court it is good to have an attorney that has a good relationship with city attorney's.  This will all make your life easier.   What is the stop work order for?  Did they come into the house yet?  You have been caught so the opportunity to go cheap on plans for permits is out.  If the building is vacant they will now try to hit you for not having the building registered.   

Almost all of our properties we have rehabbed are in the city and I have had the worse of the worse case scenario happen but it was do our doing that created the worse part.  David feel free to give me call or let me know any questions you have.  It is not the end of the world but it is just expensive in time and expense.  

The only good thing about our experiences is we did learn what happens when you get caught and we are way more careful or even pull permits at times but we did learn our way around the court system and made good connections with resources we can now go to.

@clifford 

@Clifford Pala undefined

Hello Clifford, I have an active wholesaler that works in my office that does a lot in your area if you are interested in an intro.  Are your properties in the Mchenry area?

Welcome Senica!!!  There is no better place to get momentum then in BP.  We invest in the south side of Chicago but no experience in south suburbs.  Put in the south suburb names you are interested in as keywords to get all the very local info on BP. 

They go by market value, size, area, tenant's income, utilities tenant pays and then they take comps from a site www.socialserve.com.  This social serve site is crucial for contesting rent determination and looking for rent increases.   We are sure to put all of our rentals on this site market or subsidy so they can use our own comps down the road.  

How many deals have you done with them....will they build a commission into the deal for agents?  Just always curious to know all the options.  

we use this contractor and his crews often and he is insured which is important. He lives on north side but does work on south side too.  

Castro Contruction

+1 (773) 571-5650

Angel Construction

Welcome Steve!  Always good to see other locals on here!

Welcome Bob,  Always good to see locals join up!  Maybe some day we can meet up for coffee!

Welcome @James Lehmann.  Put us on your list if you get anything back on your direct marketing in Chicago or suburbs including southside.  

Thanks!

Wholesalers and some on MLS. Areas like Elgin and southside still have deals but the areas in between are few and far between.