All Forum Posts by: Jonathan Pliszka

"I am a broker and let's say I earn a $10,000 commission check... well my company gets $3,000 and I get $7,000." -@Brie Schmidt

I'm glad to see that I'm not the only one in Chicago only getting 70%! :-)

Look forward to seeing everyone on April 9th!

Welcome to BiggerPockets, @Joey Nakayama

I'm going to agree with @Cameron Norfleet here. I would simply pay for it and be sure to include this in my marketing material. Good luck with your duplex!

I've bookmarked this for a while now, but I haven't sorted through it in its entirety.

http://www.cityofchicago.org/dam/city/depts/zlup/Administrative_Reviews_and_Approvals/Publications/Zoning_Amendment_Application_5-16-11.pdf

From a quick glance, the application fee was $1000 just to apply. Additionally, I believe you need all property owners within a certain radius of your property to sign off on it. However, I couldn't imagine any neighbor signing off on a SFH to multi-family conversion.

Let us know how you make out. I'm very interested in hearing more about this. Good luck!

@Brian Dowling

@Mike B. Do you by chance have a link to the current CHA rates? I've looked all over their website and can't seem to find anything. I came across them once in an old CHA Newsletter but have since misplaced.

I wouldn't say Redfin is necessarily "better" in terms of data quality. However, from a usability stand point, I find it much more intuitive and easier to use than any of the other aforementioned.

@Luke Franklin Welcome to BP, Luke. I live in a multi-family unit that I own in Chicago. A few things to add to your numbers. A lot of older duplexes in the Chicagoland area don't have separate heating controls. Does this building have separate heating controls and utilities? I would include a water/sewage/garbage bill to your numbers.

If you have the means, try putting down 5% and doing a conventional loan with a smaller PMI payment. Talk to your mortgage broker about it. I have a mortgage guy out of Homewood who may be able to help if you want to PM me I can pass his info a long. As a FYI, I used a FHA loan on my property and I'm now trying to refi out of it to get rid of my PMI payment.

Welcome to BiggerPockets, Allen! I wanted to drop by and welcome a fellow Chicagoland investor. Best of luck to you. More importantly, your profile picture is fantastic. We're just about a week away from the banner raising! Go Hawks!