All Forum Posts by: Ted Kuhlmann

What part of the city Robert Jenkins ? I can push you in the right direction if not the north side, which I handle. DM me or shoot me an email/text/call if you need advice.

Chicago definitely cannot handle that kind of price Jay Hinrichs . We are nationally always in the top 5–10 in pricing, but I can vouch first hand that we cannot touch anything close in a sale to 30m Chicagos had one listing on the market for about 13 months listed at 50 million. No price drop and I can’t think much action. Nothing has sold over 10m in a long while now. (Google 1912 N Burling) My team listed the most expensive listing in the city back in 2013. It was a SFR listed for 20m but never sold then. Rumor mill says it just sold offline for around 12million. (Google 1547 N Dearborn) Point is that there is an extremely small demographic of buyer in that price point, even if it’s price perfectly. Id love to see what a 30m property in AZ looks like. Give us the link!!

John Casmon with that kind of great ceiling height it seems like it would be better suited for actual living space than storage. I have a few multiunit buildings and the same situation which I am seriously looking into adding staircases to duplex down the first floor units. I did have a few architects do renderings on my first building on this issue but it seemed like the cost/reward wasn’t where I wanted it to be. 1000 square feet in the basement though is a whole other story. Could you finish that space, add a staircase and double your footprint? Storage is obvious great but the overhead to build space for that is minimal. I have to think your ROI on a finished basement with a bathroom and bedrooms/family room would demand substantially more. Interesting idea though. I’ll be following this.

Brian Haugh sounds like you’ve got all your ducks in a row man!!! The search will show you new things that hit the market but make sure to stay on top of your realtor too. They are privy to their local intranet, which they can share upcoming listings with their fellow brokers of a company. There are also paid sites, which do the same with brokers sharing intel throughout the industry. Finding something offline is always better than waiting until the general public sees them. Ask your broker to keep an eye out for sure. Good luck!!!

I think what Casity Kao was inferring was which of the 77 neighborhoods is your friend looking to have a store front in Catherine Brennan ? That will better help us send over the right referral. To be safe, I can give you a referral of one of the top commercial guys in the city. He generally works the northside from division/Irving and from the lake/western. Catch is he is picky about clientele being pretty higher end. If it’s a smaller gig, a coworker of mine would suffice for sure. Feel free to send me a DM and I’ll set you up. Good luck

Loved the podcast Mindy Jensen !!! As a fellow broker, each time u said I another bullet point I screamed out “yes”!!!! Excellent pod and looking forward to reading, and using the book in business!!

Thanks @Nicole Valenzuela!!!  I am in. See everyone next week. :)

Mark Holmes I have a close buddy that works at CBRE in chicago. If you need local assistance in the future, let me know man. Best of luck

Are you currently working with a broker? Have them reach out to the listing agent and pick their brain. I know as a broker myself, if a buyer came to me and was forced to pay commission to me, I would be totally understand if he wanted to go off and buy something without me. This business is all about relationships, so your broker should know he/she sometimes has to work for free if he/she wants to stay on your good side the rest of your investment life. See what your broker can do. They have resources that common folk won’t be privy to

Matt Bode definitely agree with the rice that there is no way you should be paying off that loan immediately. 2.75% is almost free money!!! If you can financially use whatever money you have currently in the bank towards a new down payment, buy a second home and rent this one out...that is easily the best option. If you feel like you don’t have the funds currently, exploring a HELOC is not a bad idea as well. The interest rate on a HELOC will definitely be higher than 2.75% or even the 4%+/- conventional loan programs out there, but it’s a really good way to leverage money/equity you already have for sure!!