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All Forum Posts by: John Weidner

John Weidner has started 16 posts and replied 691 times.

@Samson Kay 

Congrats on your new 12 unit.  Where's it at in Chicago?

If your in the city limits make yourself familiar with Chicago tenant ordinances

Post: Business Plan Outline; NW Suburbs of Chicago

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

@Justin K. 

3 bed + single family 

Post: New Investor In Chicago

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

@Terry Hegarty 

Welcome!

Post: Confused

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

take it off his labor payment and cut the credit card off immediately.

@Brian Burke 

Any update on offers?

I admire your disclosure strategy yet also I've exited deals over disclosure requirements in Illinois.  Being licensed it gets more complicated.  Best of luck!!  

Post: Business Plan Outline; NW Suburbs of Chicago

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

@Justin K. 

If you end up with a lead let me know.  I am interested in anything in that general area.  

MLS inventory is very tight in Mt Pro and AH. I don't look at Elk Grove or Prospect. You may also want to also consider Palatine and Des Plaines

Post: Amazing deal?

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

@Don Bradley 

I checked the link and it does not appear to be an active listing

So a few comments:  

1. Agree with @Matt Galas that the assessments could be high like $800+ per month

2. Allowing roommates you need to check the bylaws...

What's your goal?  Are you set on a specific location?   I see your in Homer Glen if you need any help on the N side let me know.  I'm a broker and live on the NW side 

Post: Flipping in the Winter

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

Sales start to pick up Feb 1. However this year in hot neighborhoods I saw frenzy activity as early as beginning of Jan. Purely depends on the location

Post: Chicago Meetup

John WeidnerPosted
  • Chicago, IL
  • Posts 710
  • Votes 200

@Brie Schmidt Got delayed out of town so I won't make it....hope it's successful!

@Mancill S.

Not my scale but usually projects like this break ground and presale.

I would probably make the recommendation you partner up with a firm more experienced in this type of transaction. Co-List agreement etc.

Best of luck